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Pyth

Pyth

Pyth is building a way to deliver a decentralized, cross-chain market of verifiable data from high-quality nodes to any smart contract, anywhere.

OverviewStructured DataIssuesContributors

Contents

pyth.network
Is a
Cryptocurrency
Cryptocurrency

Cryptocurrency attributes

Industry
Blockchain
Blockchain

Other attributes

Investors
Genesis Block Ventures
Genesis Block Ventures
Axia8 Ventures
Axia8 Ventures
0
Tagus Capital
Tagus Capital
Medium URL
pythnetwork.medium.com/lists
Partner Organizations
Sui
Sui
Larix
Larix
Sypool
Sypool

The Pyth network is a next-generation oracle solution that aims to bring this valuable financial market data to the general public. The network does so by incentivizing market participants — trading firms, market makers, and exchanges — to share the price data collected as part of their existing operations. The network aggregates this first-party price data on-chain and makes it available for use by either on- or off-chain applications.End-users of Pyth data can elect to pay data fees to protect against potential oracle failures. Delegators choose which product (price feed) and a specific publisher to back to earn data fees in exchange (or lose their stake if the oracle is inaccurate due to publisher faults).The incentivization system operates through (PYTH) token staking by network participants and fees voluntarily paid to data publishers. The goal of the design is to make the Pyth network self-sustaining and decentralized.

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Further Resources

Title
Author
Link
Type
Date

Publisher vs Reporter networks - Pyth Network - Medium

Pyth Network

https://pythnetwork.medium.com/publisher-vs-reporter-networks-e6b11f79abb0?source=rss-f55fccc0ad62------2

Web

January 11, 2022

Pyth Whitepaper Summary - Pyth Network - Medium

Pyth Network

https://pythnetwork.medium.com/pyth-whitepaper-summary-f91d79bd4192?source=rss-f55fccc0ad62------2

Web

January 18, 2022

technical documentation

https://pythnetwork.mypinata.cloud/ipfs/QmZyXccxUfhHjqHevkhWXKw5zWcnFj3NY4JvnrXbkeAEhw

References

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