Aleno Joins Pyth Network as a Data Provider 🚀
Pyth Network, a financial data oracle, recently welcomed Aleno as a new data provider. This partnership aims to enhance the Pyth price oracle by integrating Aleno’s proprietary data. With a focus on catering to asset managers, treasury managers, on-chain companies, and institutions, Aleno’s contribution is crucial for securing the Pyth price oracle.
Delivering Institutional-Quality Data to Pyth 📈
Aleno’s expertise lies in delivering institutional-quality data to Pyth Price Feeds. They achieve this by leveraging comprehensive market data from various active price discovery venues. This collaboration is set to enhance the decentralized finance (DeFi) experience across more than 65 blockchain ecosystems.
– Aleno positioned to deliver high-quality data for Pyth Price Feeds
– Leveraging comprehensive market data for accuracy
– Collaboration to enhance security and speed in DeFi
– Improving the user experience across blockchain systems
Antoine Vales, Co-Founder and CEO of Aleno, expressed his satisfaction with the collaboration, highlighting the quality of the experience and the commitment to meeting Pyth’s on-chain data needs. He emphasized the importance of providing on-chain prices as just the beginning of their partnership.
“Collaborating with Pyth has been an exceptionally high-quality experience, both in terms of their responsiveness and their rigor. Providing on-chain prices is just the first step. We are pleased to continue supporting Pyth’s development and meeting their on-chain data needs.”
– Antoine Vales, Co-Founder and CEO of Aleno
– Antoine Vales praises the collaboration with Pyth
– Emphasizes commitment to meeting data needs
– Aleno’s data to be integrated with inputs from 63 providers
– Creating a reliable aggregate price stream for smart contracts
Through the integration of Aleno’s data, the Pyth Network will combine inputs from various providers to create a dependable aggregate price stream. This stream will power smart contracts, ensuring accuracy and reliability in the DeFi ecosystem.
– Aleno’s data to enhance reliability of price feeds
– Supporting smart contract functionality
– Extensive offering of digital asset prices to meet user demands
– Ensuring flexibility for developers and users
Pyth Network currently supports over 540 real-time price feeds, benefiting DeFi applications in ecosystems like Ethereum Virtual Machine (EVM), Cosmos (ATOM), Move, Bitcoin (BTC), and Solana (SOL). This comprehensive support enables developers and users to access accurate and real-time data for their projects and transactions.
– Pyth supports over 540 real-time price feeds
– Benefitting DeFi applications across various ecosystems
– Expansion of price feeds for enhanced user experience
– Access to accurate data for projects and transactions
Hot Take 🔥
The partnership between Pyth Network and Aleno marks a significant milestone in enhancing the quality and reliability of data in the DeFi space. By leveraging Aleno’s institutional-quality data, Pyth can continue to provide accurate and timely information to support the growing needs of smart contract developers and users. This collaboration sets a new standard for data provision in the blockchain ecosystem, promising a more secure and efficient DeFi experience for all stakeholders.
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