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Wishing a glorious Pythday to all DeFi builders Pull, don’t push 🔮
Wishing a glorious Pythday to all DeFi builders Pull, don’t push 🔮
#DeFi
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Pythian art of the week 🔮 👨🎨 danso1o, leaninjowler, @ThatSenorita, and @shaianeviana
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Pyth Network Weekly Recap 🔮 The pull oracle proves its scalability yet again, with four new chains helping builders leverage the best financial data for their DeFi protocol. Let’s dive into this week’s news: ⛓️ New Blockchains - @taikoxyz — an Ethereum-equivalent (Type 1) ZK-EVM, maximally compatible with Ethereum. No additional compiling, reaudits, or tooling needed. Everything works out of the box, guaranteed. - @SeiNetwork V2 — the first parallelized EVM. - @LayerN_Official — a novel Layer 2 network featuring custom VMs called XVMs, all powered by a shared communication and liquidity layer. 🤝 dApp Integrations - @LineDefiHub — an all-in-one DeFi hub enabling users to access seamless trading, lending, staking, and more on @Lineabuild. 💱 New Price Feeds - $SAFE — the governance token of @safe, an open-source and modular account abstraction stack. - $STONE — @Stake_Stone’s native LST, an omni-chain LST protocol bringing native staking yields and liquidity to Layer 2s. - $USDM — an ERC20 rebasing token by @MountainUSDM, with a redemption value pegged at 1:1 for primary customers. - $BODEN — a political meme coin from @boden4pres on @solana. - $SHDW — token of @GenesysGo, a decentralized data storage network built on @solana. 🏦 New Data Providers - @SynFuturesDefi — a leading perp DEX that creates an open and trustless derivatives market by enabling trading on anything with a price feed anytime. - @alphanonce — a technology-driven trading firm, operating various quantitative strategies. Alphanonce has established a strong track record with 6 years of consistent performance. See you next week 🔮
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How did Pyth get trading firms, who are fiercely competitive, to work together to provide data to DeFi? The innovation of blockchain technology made this possible. Hear, @mdomcahill, CEO of @dourolabs, explain how Pyth is changing the financial landscape for both Web2 and Web3.
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And then we told them… ‘Push oracles are better than pull oracles!’
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The Pyth Network is excited to release its SHDW/USD price feed. $SHDW is the token of @GenesysGo, a decentralized data storage network built on @solana. The Pyth SHDW/USD price feed is now available on more than 50 blockchains.
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