#28 Everything Will Be #PoweredByPyth, And You Will Be Happy
What’s happening in the Pyth ecosystem? Catch the latest developments here on all things Pyth, including new chains, new publishers, and new #PoweredByPyth apps!
The Pyth network unlocks valuable financial market data for DeFi and the world. The network incentivizes market participants—exchanges, market makers, and trading firms—to share their pricing data directly on-chain. Pyth then aggregates this data on-chain and makes it available for on-chain and off-chain apps. Read our wiki and whitepaper.
What’s New in the Pyth Ecosystem?
Pyth price feeds are now available on Aptos mainnet! In fact, Pyth data became available within just a few hours of the blockchain going live publicly—a testament to Pyth’s technology and the Aptos ecosystem’s conviction in Pyth.
Thanks to the support of Wormhole and Aptos Labs, any Aptos program can now permissionlessly request and consume any of Pyth’s 80+ price feeds for equities, commodities, FX pairs, and, of course, cryptocurrency directly.
And it didn’t take long for the Aptos community to integrate with Pyth!
Argo is a lending protocol on Aptos that lets users deposit collateral for minting and borrowing $USDA — the Argo dollar-pegged stablecoin.
Aries Markets is a decentralized margin trading protocol on Aptos. Lend, borrow and trade with margin via a fully on-chain order book at a lightning speed.
AUX is a decentralized exchange built on Aptos, enabling users to swap any tokens. AUX offers three different venues for users to interact with AUX: the AMM, the CLOB, or the router (offering the best fills mixing the AMM and CLOB).
Concordia is the operating system for decentralized credit on Aptos.
Fletch Wallet is a crypto wallet enabling users to can interact with the Aptos ecosystem. Fletch Wallet will be available on Android, iOS, and Chrome.
Momentum Safe is the first multi-sig wallet solution on Aptos that supports treasury management, Move model publish, protocol admin control, and dApp integration.
Pontem Network is a non-custodial crypto wallet built for Aptos. In addition, the Pontem team is building Liquidswap, a DEX, and the ByteBabel EVM for Aptos.
Thala Labs is building the first over-collateralized and decentralized stablecoin on Aptos: $MOD.
Tortuga Finance is building the premiere non-custodial liquid staking protocol for the Aptos blockchain.
Tsunami Finance is a margin trading and spot exchange offering 0% slippage, known exit liquidity, low funding fees, low spread, accruing collateral, and profitable liquidity provision.
Ostium: Grand Winner of the Pyth Prize!
We revealed the Pyth xBounty of $10K for the Wormhole xHack conference hosted by Jump Crypto at The Pit last September. We’re delighted to announce Ostium as the grand winner of this Pyth prize.
Ostium is a decentralized synthetic commodity trading protocol. Synthetic asset protocols enable on-chain mirroring of off-chain assets such as $XAU, $XAG, and other commodities.
Ostium is built with a few core fundamentals: open positions at oracle price and slippage-free, staked pool as a counter-party, cross-margining, adjustable leverage, and partial closing on open positions for advanced trading and capital-efficient liquidation triggers!
One of the core innovations put forth by Ostium is the ability to adjust leverage levels on already open positions by adding and subtracting collateral. Traders also have the option to close positions partially, taking profits while maintaining a constant leverage level.
Ostium’s capital-efficient liquidation trigger closes trader positions as a function of the maximum allowed leverage rather than the percentage decrease in collateral value. Ostium’s changes to the staked pool model enable more capital-efficient liquidity provisioning. Ostium also leverages implied volatility data to offer dynamic collateralization ratios specific to each form of collateral.
We’re proud to see Pyth data playing an important role for Ostium, and we look forward to the next on-chain products we can help unlock!
Spreading the Pythian Word!
The media frenzy continues. Here are the recordings:
Mike Cahill, a Director of the Pyth Data Association, speaks on Castle Island Podcast, Wolf of All Streets Podcast, Real Vision Podcast, and Curatia!
Steve Kaminsky, a contributor to Pyth from Jump Crypto, appears on CoinDesk First Mover TV and speaks at the IDEAS conference about the bridge between DeFi and TradFi!
Ray Song, a contributor to Pyth from Jump Crypto, was on the HODLong 后浪 podcast!
The majestic Saeed, a contributor to Pyth, appears on BNB Live Stream!
Did you catch the article on Pyth in Fortune Magazine?
Zane Glauber, a contributor to Pyth from Galaxy, spoke about Pyth in our newest Q&A Series!
Catherine Clay from CBOE Digital discusses Pyth data at the WFIC22 Event!
What’s Happening on the Publisher Side?
As the network continues to scale and demand increases, so does our mission to add more high-quality publishers. More data publishers mean even more support for all of your favorite asset prices on-chain, as well as increasing the scope of assets supported!
Just weeks after our 75th data provider milestone and after bringing on CBOE, OKX, and Orca to the network, the network welcomed two more data contributors:
You can’t spell MBIT without MIT
MBIT is a global market-maker providing liquidity in spot and derivative cryptocurrency markets on both a streaming and bespoke on-demand basis. MBIT will be providing Pyth with institutional-grade, real-time market data across a wide array of digital asset pairs in support of its mission to bring greater liquidity and transparency to cryptocurrency markets.
“We believe it is crucial for the continued development of Blockchain and Web3 applications to have highly reliable data that can be delivered at sub-second latency. The Pyth network is rapidly expanding to fill that need and we are excited to partner with it.” said MCAP Inc. CEO David Menn
BTSE is a leading digital asset exchange that offers a simple and secure way to trade cryptocurrencies. BTSE will contribute real-time price data for spot cryptocurrency assets to the network.
“Our growing suite of financial services is designed to bridge traditional finance with digital asset solutions. With this latest partnership, we are making strides in furthering crypto mass adoption. Pyth’s commitment to DeFi and Web3 resonates closely with our own, and we’re delighted to join hands to provide comprehensive access to high-fidelity financial services,” said BTSE Chief Executive Officer Henry Liu.
We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter, and be the first to hear about what’s new in the Pyth ecosystem through our newsletter. You can also learn more about Pyth here.