back12 Jul 20232 min read
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Pyth Launches Price Oracles on Neutron

We’re excited to reveal that the Pyth Network’s low-latency pull oracles are now available on Neutron for developers looking to build with Pyth Price Feeds and aim for the stars!

Mars Protocol will lead the charge as the newest #PoweredByPyth member from the Neutron ecosystem—since the governance proposal passed. The deployment of Pyth oracles is one small step for passionate builders, and one giant step for liberating financial market data for market participants globally and beyond.

"As Cosmos experiences a DeFi Cambrian explosion, ensuring protocols have access to reliable price feeds will become ever more critical," said Avril Dutheil, Core Contributor at Neutron. "Pyth brings state of the art price feeds to Neutron, greasing the DeFi wheels and keeping protocols safe."


Pyth on Neutron

The Pyth Network introduces an innovative low-latency pull oracle design, where Neutron’s users are empowered to “pull” price updates on-chain when needed, enabling everyone in that blockchain environment to access that data point. Developers on Neutron can permissionlessly access any of the Pyth’s 250+ price feeds for equities, commodities, ETF’s, forex pairs, and of course, cryptocurrencies.

Mars Protocol is an autonomous credit protocol already #PoweredByPyth on Osmosis for its money market and is seeking to expand to the Neutron ecosystem and become once again a bonafide Pyth data user.


Neutron

Neutron is the most secure cross-chain smart-contracting platform. It combines the security of a top 10 blockchain by staked capitalization with bleeding-edge cross-chain infrastructure to enable DeFi applications to securely scale across a growing network of 51+ interconnected blockchains. For more information about Neutron, please visit their website.

Pyth

The Pyth Network is the largest first-party financial oracle network delivering real-time market data to over 20 blockchains securely and transparently.

The network comprises some of the world’s largest exchanges, market makers, and financial services providers publishing their proprietary price data on-chain for aggregation and distribution to smart contract applications.

In less than a year, the network secured more than $2.0B in total value. Pyth has facilitated more than $50B in trading volume and received over 1M client downloads from passionate developers. Pyth supports 250+ low-latency price feeds across digital assets, equities, ETF’s, forex pairs, and commodities. You can learn more about Pyth from their website and documentation.


What’s Next?

We look forward to building the future of finance together! Check out the resources below to get started. If you have any questions, please reach out.

Now that Pyth has officially joined the Neutron community, you will soon see many more tokens supported on the network as well as Neutron applications becoming #PoweredByPyth. You can find the price feeds available on our website and discover which price feeds are in the pipeline. If you would like to request a new price feed, please let us know in our Discord.

Resources


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.

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