#13 The Pyth Pathway
This edition will cover important recent developments for builders on Pyth, as well as highlight some of our new publishers and project integrations.
About:
The Pyth network is a vision coming to life: one that imagines the world of decentralized finance (DeFi) gaining comprehensive access to high-fidelity (HiFi) financial markets data securely and reliably.
In other words, the Pyth network is a specialized oracle network that focuses on sourcing continuous real-world and crypto-related market data originating off-chain and streaming it on-chain at sub-second speeds for smart contract consumption regardless of their blockchains.
This is an ambitious goal because financial market data is sufficiently unique: there are very few available sources, and those sources have very tightly controlled distributions. In addition, the oracle network needs to be able to combine such latency-sensitive data in a way that optimizes accuracy and increases security given how dependent many blockchain applications are on the accuracy of this type of data.
Website, Medium, Twitter & Discord
Build with Pyth
Pyth Pathway by Figment Learn
We are excited to announce that Pyth Pathway is live on Figment Learn. This program is a result of Figment’s close collaboration with Pyth to make its data more functional and accessible.
The Pyth 101 Pathway is a simple guide for developers who want to leverage Pyth’s data for DeFi applications. Within the pathway, you will learn how to set up the environment required to operate (i.e. Install Pyth Client, DataHub), how to connect to Pyth on Solana, and consume on-chain data (streaming prices). You will get a general overview of the network (outlined in the whitepaper) and explanations of Pyth’s core features, such as the Confidence Interval.
To get started, please check out this video using the Pyth Pathway on Gitpod.
Read Pyth Pathway by Figment Learn Blog here.
Solana Riptide Hackathon
Solana Riptide (2nd February — 17th March 2022) is an online hackathon with $5M+ in prizes and funding for winning teams. There are 5 majors track across this hackathon:
Payments presented by Visa
DeFi presented by Jump Crypto
Web3 presented by Google
DAOs presented by Mango Markets and MonkeDAO
In addition to these 5 tracks, 28 projects decided to also individually sponsor Riptide with a prize of $30K USD up for grabs. Among the sponsors, we have of course the Pyth network, as well as its partners! Bonfida, Drift Protocol, Jet Protocol, Mango Markets, Serum, Solend, Wormhole, Zeta Markets, 01 Exchange, and Tulip.
Want to build something cool for Riptide? Pyth network’s published some hackathon ideas — you can find them here.
Got questions or need support? Come find us in our Discord.
Pyth End-Users
Snowflake
Snowflake is the first automation platform on Solana offering both a smart contract scheduling infrastructure for developers and a composable Zapier-like dApp for DeFi users to compose all kinds of on-chain automation. Snowflake released a price trigger function based upon the Pyth’s price feeds. For more details, you may refer to the Snowflake docs as well as check their YouTube demonstration.
Citrus
Citrus is a cross-chain exchange enabling swapping tokens from various chains (Solana, ETH, Polygon, Terra, BSC...) directly into native SOL tokens. Citrus Lending focuses on providing users the utility of being able to borrow and lend against many major cross-chain assets natively on Solana in one shared pool.
Check out Pyth’s other end-users!
New Publishers
Since mid-February, we have welcomed three new data providers onto the Pyth network. As the network continues to scale, so will the continued need for high-quality first-party data providers – please reach out if you think you can contribute on this front! See existing publishers on the Publishers tab.
Founded in 1997, the firm established its first tech-based solution to optimize options trading. Over the past two decades, the same formula has been used across a range of industries, asset classes, and business stages to consistently deliver superior results.
Headquartered in the heart of financial markets in Chicago, PEAK6’s core brands include PEAK6 Capital Management, PEAK6 Strategic Capital, Apex Fintech Solutions, PEAK6 InsurTech, Evil Geniuses, and Poker Power.
G-Research is Europe’s leading quantitative finance research firm
G-Research utilizes machine learning, big data, and some of the most advanced technology available to predict movements in a range of financial markets
Amberdata delivers comprehensive data and insights into blockchain networks, crypto markets, and decentralized finance, as well as empowers financial institutions with data for research, trading, risk, analytics, reporting, and compliance.
Existing partners of Amberdata are LMAX, Coinbase, Kraken, Bitfinex and Binance among others.
That is all for our 13th newsletter — Thank you for reading, and don’t forget to subscribe and share!
We can’t wait to hear what you think! Feel free to join the Pyth Discord server, follow Pyth on Twitter (and our new Chinese Twitter), join the Telegram and the Substack or the Medium to learn more, and ask any questions you may have.