The Aptos Foundation and Pyth Data Association Partnership
The Aptos Foundation and Pyth Data Association have partnered to introduce sub-second oracle updates on the Aptos blockchain. This collaboration brings an automated price scheduler that regularly updates price feeds for Aptos’s Layer 1 blockchain, providing developers with low-latency price oracle infrastructure and sub-second price updates for their DeFi applications.
Key Points:
– Developers can access Pyth’s feeds on Aptos to leverage real-time asset prices from external sources like Jane Street, CBOE, Binance, OKX, and Bybit.
– Aptos DeFi projects, such as Thala Labs, Tsunami Finance, Aries Markets, ABEL Finance, and Aptin Finance, already utilize Pyth data.
– Pyth’s pull oracle model allows applications to access price feeds once per second, paying only for the prices they request.
– The partnership aims to support fairer and more transparent markets, empowering Aptos developers and streamlining the adoption of real-time oracle data.
– Aptos is a Layer 1 blockchain based on the Move programming language, offering a faster and more scalable alternative to other networks.
– Pyth is an oracle network securing over $2 billion in value.
Hot Take: Empowering Aptos Developers with Real-Time Price Data
The partnership between the Aptos Foundation and Pyth Data Association is a significant step towards enhancing the efficiency of DeFi applications on the Aptos blockchain. By providing low-latency price oracle infrastructure and sub-second price updates, developers can access real-time asset prices and interact with off-chain information seamlessly. This collaboration supports fair and transparent markets while making real-time, institutional-quality oracle data more accessible. With the pull oracle model and the scalability of Aptos, developers can optimize their DeFi projects and offer users an enhanced experience in the decentralized finance ecosystem.
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