According to Deep Tide TechFlow, the Synthetix multi-collateral perpetual contracts based on Arbitrum have gone live on Kwenta, supported by Pyth Network. Pyth Network will provide over 500 real-time price data sources, updating every 400 milliseconds, aiming to deliver the most accurate, reliable, and real-time data in the DeFi space to help achieve a better trading experience.
It is reported that Kwenta is a spot and perpetual contract trading platform within the Synthetix ecosystem, supporting 81 new Perps markets and 4 new collateral options, including tBTC, ETH, USDe (Ethena), and USDx (Arbitrum native Synthetix stablecoin).
Pyth Network, as an oracle solution, currently supports over 78 blockchains and integrates with over 420 partners. Previously, Pyth launched an upgraded oracle security staking called Oracle Integrity Staking (OIS), aimed at enhancing the reliability of data sources and the security of the DeFi ecosystem. It has attracted over 17,000 participants who have staked $227 million worth of PYTH tokens and have received $1.1 million in PYTH token rewards.
