Thread by @PythNetwork

MultiPLY with Aurigami and Pyth data

@aurigami_PLY is a decentralized, non-custodial liquidity protocol enabling users to lend, borrow, and earn interest with their digital assets

Learn how our Aurora Launch Partner, Aurigami, is #PoweredbyPyth 👇

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Launched in March 2022, Aurigami is a leading application by TVL on Aurora, which is an Ethereum Virtual Machine built on top of @NEARProtocol

Users can earn passive income by providing liquidity to the protocol, while borrowers can borrow in an over-collateralized fashion

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As of today, @aurigami_ply supports 8 of the largest assets on Aurora, including:

$USDC
$USDT
$BTC
$ETH
$NEAR
$STNEAR
$AURORA

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The Pyth price feeds, when available, are leveraged to value the underlying assets as well as each user’s positions to ensure that all are properly collateralized, and the protocol remains healthy

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The network looks forward to increasing its coverage of NEAR and Aurora ecosystem tokens to further empower Aurigami and its users

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Aurigami becoming #PoweredByPyth is a great testament to the new oracle model introduced by Pyth: with an on-demand price updates design

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In other words, Aurigami has access off-chain to price feeds that continuously update for free, and when needed, this Pyth price can be permissionlessly brought on-chain for usage

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As of today, Aurigami has already made over 5,000 on-demand price updates on Aurora using @wormholecrypto and the Pyth on-chain contract

We now look forward to more apps following suit so that more updates are brought on-chain and costs are further shared between users

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If you have any questions or requests, come let us know in our Discord

We are here to empower you and help build the future of finance together 🫂

discord.com/invite/PythNet…

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Are you looking to super-charge your application with low-latency, high-fidelity financial data?

Take fate into your own hands, and get your app #PoweredByPyth today 🔮

Docs 👇
docs.pyth.network