Fun fact of the day:
@PythNetwork is the most efficient active program on Solana.
16% of all txs are Pyth but Pyth only consumes 1.5% of Solana's compute 🔮
Today marks the unveiling of the Pyth Network Retrospective Airdrop.
This airdrop is a cross-chain program for the dedicated community of the Pyth oracle ecosystem.
Learn more below:
The program is an expression of deep appreciation for the dedicated Pyth Network stakeholder community.
Pyth community members who have contributed to the oracle network, applications across 27 blockchains that use Pyth data, and the individual users of those applications are all eligible for this airdrop program.
The airdrop program is backwards-looking and snapshots for on-chain and social activity have already been completed.
Although the date when eligible participants can claim their airdrop allocations has not been announced, individuals can check their eligibility and allocation amounts by using the airdrop check webpage found in the official blog post below:
What the f*ck is a Pyth Confidence Interval?
Not all oracles are built the same. @PythNetwork takes a unique approach to designing a financial oracle network:
A short-ish & sweet 🧵 on a powerful feature Pyth offers 👇
DeFi lending protocols use a simple valuation model to enable users to borrow assets against collateral
They value assets using the simple formula of (price x quantity), ignoring the market impact of selling on the asset price.
What is the issue with this? 🧵👇
Decentralized lending protocols can become insolvent when large positions are liquidated
Liquidity oracles can make lending protocols more resilient 🔮
Check out our deep dive on this issue 👇
pythnetwork.medium.com/impro…
Did you know?
The Pyth $ARB/USD price feed is available on 15+ chains, including @arbitrum, @optimismFND, @ethereum, @BNBCHAIN and more 🤯
That's the magic of the #Pyth On-Demand Price Update model. All your favorite price feeds on all your favorite chains in one go! 🔮
The Pyth network is excited to release its ARB/USD price feed 🔮
$ARB is the newly launched governance token of leading Ethereum Layer 2 @arbitrum 👨🚀
Any #PoweredByPyth app can now tap into our ARB/USD feed, as well as Pyth’s 200+ on-demand price feeds!
Oh my! There's an art contest in the Pyth Discord! 🎨
discord.gg/invite/PythNetwor… 🔮
Prizes to be won! Praises to be sung! Details in #🎊-special-events
🕰️ May 18, 2022:
"Pyth stores prices off-chain to minimize gas fees, which allows us to offer a wider selection of products and faster update times...
In order to use Pyth prices on chain, they must be fetched from an off-chain price service."
Maybe oracles should report upper and lower price estimates
Uniswap v2's oracle sorta does! It has two TWAPs: one for (say) USDC/ETH and one for ETH/USDC. The first is harder to manipulate down, and the (reciprocal of) the latter is harder to manipulate up
Guys, @kain is about to fire me (intern #5) because I beat him in chess, so I stole 100k Governance Points
Which intern should I give it to before I get executed?
🚨 Mega Intern Poll 🚨 [1/5]
@intern@Parcl_Intern@PythIntern@InitIntern
Surprisingly delightful UX pattern from @PythNetwork to protect their brand assets.
'Right Click' gets hijacked when trying to snag their logo from the header, but takes me directly to their brand assets page.
Welc◎me Aboard: Jet v2 — JetMargin Open-Sourced Codebase on Devnet ⛓️
We are happy to introduce JetMargin, our first V2 product, which will begin captaining DeFi to the future of capital-efficient debt instruments on-chain.
github.com/jet-lab/jet-v2
How far has @PythNetwork come since day one?
🔮 Devnet to V2 to Mainnet
📆 1 New Publisher Each Week
🔧 300K+ Client Downloads
🦾 Publisher Metrics, Cross-Pair Support, Basketing
🏋️♀️ Reached $2.0 TVS
💱 $20B Total Trading Volume Supported