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 👇
2/

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
3/

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

$USDC
$USDT
$BTC
$ETH
$NEAR
$STNEAR
$AURORA
4/

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
5/

The network looks forward to increasing its coverage of NEAR and Aurora ecosystem tokens to further empower Aurigami and its users
6/

Aurigami becoming #PoweredByPyth is a great testament to the new oracle model introduced by Pyth: with an on-demand price updates design
7/

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
8/

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
9/

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…
10/

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

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More from @PythNetwork

Nov 22
With the #WorldCup2022 happening, it seemed timely to get the @Chiliz ecosystem #PoweredByPyth 🔮

$CHZ, the official utility token that operates on the @socios fan voting portal, now has its Pyth CHZ/USD price feed
2/

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

Get your application #PoweredByPyth today 🔮

Docs: docs.pyth.network
3/

You can check out the other 150+ price feeds available on the Pyth network:

pyth.network/price-feeds
Read 4 tweets
Nov 21
We are excited to announce that the Pyth price feeds are now available on @auroraisnear 🔮

Thanks to @wormholecrypto and leaders in the Aurora ecosystem like @aurigami_PLY, we are proud to unlock #Pyth data for any Aurora application!
2/

Starting today, your Aurora applications can permissionlessly request and consume any Pyth’s 100+ price feeds from the Pyth contract!

The wider DeFi community can look forward to new price feeds for Near ecosystem tokens and exciting asset class expansions, like the DOW30 🏦
3/

“The integration of Pyth to Aurora is an extra step toward our ultimate goal of providing DEVs with the best building experience,” said Anton Paisov, head of integrations at Aurora Labs.
Read 16 tweets
Nov 21
We’re excited to welcome @ChilizX, the world’s first tokenized sports exchange created for the @Chiliz ecosystem and @socios, to Pyth 🔮

ChilizX will contribute its exchange market data for Fan Tokens directly to the network
2/

Chiliz developed the Socios.com sports fan engagement platform, which is built on the Chiliz blockchain infrastructure and uses $CHZ as its exclusive on-platform currency

It then created ChilizX, which provides a professional trading platform for Fan Tokens
3/

@socios allows fans to purchase branded Fan Tokens from some of the biggest and most renowned sports teams in the world, including FC Barcelona, Juventus, Paris Saint-Germain, AS Roma, Galatasaray, Atlético de Madrid, OG, CAI & UFC.
Read 9 tweets
Aug 1
We are excited to introduce Pythnet, a solution that will propel the Pyth network into a new sphere 🔮

What does this mean?
More price feeds #PoweredByPyth
More chains #PoweredByPyth

Learn more 👇
pythnetwork.medium.com/introducing-py…
2/ Pythnet is a network built on the Solana codebase, with the ability to deliver top-tier price feeds xChain through Wormhole’s generic messaging layer.

Why Solana? Because of its fast finality and 400MS slot time. Solana lets price feeds update faster than any other layer 1
3/ "Pyth cut its teeth on Solana bringing high-fidelity pricing data into Solana DeFi, and today is the most widely used Oracle on the network." Said Anatoly Yakovenko, Co-Founder of Solana.
Read 7 tweets
Jan 18
1/ The future is bright for #DeFi.

The Pyth network has published its whitepaper to shed light on a next-gen oracle solution:

s3.us-east-2.amazonaws.com/pyth.whitepape…
2/ The whitepaper introduces a novel oracle design, and for the first time, describes the vision for a self-sustaining and decentralized Pyth network.
3/ Pyth introduces a new business model that incorporates a staking-based incentives system where publishers, consumers, and other network participants can benefit.
Read 7 tweets
Sep 1, 2021
The Pyth network protocol has officially made its way to @solana mainnet less than a week ago but we do already have some wonderful integrations to showcase. Time for (weekly recurring) a thread 🧵
We'll present you 5 protocols (in alphabetical order) that chose to leverage Pyth and its HiFi data from worldwide renowned first-party data providers!

More details are available across our socials and content so be sure to check those out!

pythnetwork.medium.com/pythiad-2-libe…
#1 The Audaces Protocol, initially released by @bonfida, has integrated with the Pyth network to power its market indices for its new vAMM protocol.

Since the launch of the Bonfida perps, there was over 68 million USD worth of trades performed on $BTC, $ETH, and $SOL markets...
Read 14 tweets

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