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Pyth Network 🔮 Profile picture
@PythNetwork
Apr 27 • 9 tweets • 3 min read Twitter logo Read on Twitter
We’re electrified to announce that Pyth’s low-latency pull oracles are now available on Neon EVM devnet 🔮

Developers on #Neon EVM can now access Pyth’s 200+ real-time price feeds for equities, commodities, FX pairs, and cryptocurrencies
2/
Neon EVM is a smart contract on Solana operating as an Ethereum Virtual Machine

This allows Neon EVM to receive Solana transactions that contain wrapped Ethereum-like transactions and process them on Solana according to Ethereum rules
3/
As a smart contract on Solana, Neon EVM benefits from Solana’s low gas fees (no less than 0.000015 SOL per transaction) and high throughput (>2K TPS)

This makes Neon the cheapest and most efficient way to run Ethereum dApps!
4/
"We are joining forces with Pyth to empower builders across the Neon ecosystem with access to high-fidelity financial data. This collaboration creates a dynamic environment that supports accurate price discovery, improved risk assessment, and enhanced transparency," […]
5/
Marina Guryeva, director of Neon Foundation, added, "Our strategic partnership enables developers to innovate and build reliable DeFi applications, strengthening a robust and accessible decentralized financial infrastructure for all.”
6/
Pyth uses an on-demand price update model that is slightly different from other oracles you may be more familiar with — including the original and native Pyth Price Feeds on Solana

pyth.network/blog/pyth-low-…
7/
Pyth’s low-latency price feeds and the on-demand price updates model benefits many DeFi use cases:

For example, DEXs can offer lower fees to users, as they are less likely to receive toxic trading flow from using a stalled oracle
8/
We invite the EVM ecosystem to explore what Pyth data unlocks for them:

Pythnet: docs.pyth.network/how-pyth-works…

Cross Chain Data: docs.pyth.network/how-pyth-works…

Pyth on Neon EVM: docs.pyth.network/pythnet-price-…
9/
We look forward to supporting exciting Neon EVM apps and the overall expansion of the EVM ecosystem on Solana and beyond 🔮

pyth.network/blog/pyth-low-…

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More from @PythNetwork

Pyth Network 🔮 Profile picture
Apr 27
Pyth and zkSync make a great fusion 🤝

We’re excited to support @ReactorFusionR, the native lending and borrowing market on @zksync Era 🚀

Learn how #Pyth data powers Reactor Fusion 👇
2/
ReactorFusion takes the best approaches from all existing borrow-lending protocol like Compound, Sonne and Mare Finance

This allows ReactorFusion to obtain modified features such as Automated Rewards Distribution, and Per-Second Compound Interest
3/
ReactorFusion uses collateral and reserve mechanic similar to that of Compound

Through rfTokens, users can identify how much collateral factor (borrow limit) they have on the platform
Read 6 tweets
Pyth Network 🔮 Profile picture
Apr 25
It’s time for synthetics to take over DeFi!

We’re pleased to welcome @synthe_x, a flagship trustless synthetic asset issuance and trading protocol built on @arbitrum, to the Pyth network

Learn more about our integration with Synthex in the 🧵👇
2/
Offering trustless creation of synthetic assets through shared debt pools, and trading on-chain without slippage, Synthex is focused on providing low risk, low fee synthetics framework with maximum capital efficiency that expands the limits of DeFi
3/
Synthex leverages debt pools as its core mechanism. The debt pool is responsible for minting and burning synthetic assets and managing the collateralization ratios
Read 10 tweets
Pyth Network 🔮 Profile picture
Apr 18
We’re excited to share that Pyth’s low-latency pull oracles are now available on @shimmernet 🔮

Developers on #ShimmerEVM testnet can now access Pyth’s 200+ real-time price feeds for equities, commodities, FX pairs, and cryptocurrencies
2/
The ShimmerEVM testnet is the first L2 network to anchor on Shimmer: Shimmer is the official L1 staging and validation network of the @iota distributed ledger technology (DLT).

Explore their website: shimmer.network
3/
Mirroring the IOTA network, Shimmer is built on a UTXO-based parallelized, directed acyclic graph (DAG), guaranteeing higher scalability than conventional Blockchains, and it provides the core building blocks for a scalable, modular multi-chain architecture
Read 9 tweets
Pyth Network 🔮 Profile picture
Dec 9, 2022
Are you ready for the future of trading?

Let’s discuss the Synthetix Perps V2, now #PoweredByPyth, on @OptimismFND 🔮

A quick 🧵👇
2/
In light of recent events, decentralized smart contracts are more important than ever

However, DeFi apps need to match the performance of the legacy world, if not outpace it

Synthetix Perps on Optimism is a great way to engage in #DeFi while enjoying #CeFi-like benefits
3/
For Synthetix Perps to take over the world, they would need features like:

1️⃣ Unconstrained open interest limits
2️⃣ Broader asset compatibility
3️⃣ Low fees
Read 9 tweets
Pyth Network 🔮 Profile picture
Dec 9, 2022
It’s time to get AMPed with #Pyth data ⚡️

@amptoken is a universal collateral token that makes payments instant and final

Learn more about how Amp is #PoweredByPyth in the 🧵👇
2/
Current global payment systems often operate in an opaque fashion with many intermediaries, thus bringing:

💸 Higher cost
🐢 Slow resolution time
⚠️ Counter-party risk
3/
Enter Amp:

When using Amp as collateral, transfers of value are guaranteed against fraud and default while settling instantly

With over 21B Amp staked, the current spending capacity on the Flexa network is over $80M 🤯
Read 11 tweets
Pyth Network 🔮 Profile picture
Nov 22, 2022
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
Read 10 tweets

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