It’s our pleasure to announce that Pyth’s low-latency pull oracles for market data are now available on Sei, the open-source L1 blockchain specialized for trading and designed to scale with the crypto industry.
Developers on Sei mainnet can now access, permissionlessly, Pyth’s 300+ price feeds for equities, ETFs, commodities, foreign exchange pairs, and digital assets. Sei dApps like Aether Protocol, Fuzio, Kryptonite, Levana Protocol, and SeaSwap are already sailing ahead of the competition with Pyth Price Feeds.
"Integrating Pyth's innovative low-latency pull oracles with Sei unlocks new potentials in decentralized finance. As we strive for precision and timeliness in market data, this integration solidifies our commitment to providing developers and users with trusted and reliable tools. Both Sei Labs and the Foundation is thrilled to be at the forefront of this evolution." - Grover, Head of Marketing, Sei”
Pyth on Sei
The Pyth Network introduces an innovative low-latency pull oracle design, where users are empowered to “pull” price updates on-chain when needed, enabling everyone in that blockchain environment to access that data point. Developers on Sei can permissionlessly access any of Pyth’s 300+ price feeds for equities, ETFs, commodities, foreign exchange pairs, and cryptocurrencies.
Aether Protocol is a peer-to-peer algorithmic money market protocol designed according to two simple ideas: align incentives in between users and the protocol, and be useful. Thanks to Pyth Price Feeds, Aether will allow users to earn yield on their deposits and use them as collateral for loans on the platform. Pyth’s low-latency price feeds combined with Sei’s lightning-fast finality will unlock key UX improvements such as more timely liquidations.
Fuzio is a full-suite DeFi application offering prediction markets, a DEX, a launchpad, and liquid staking solutions. Fuzio prediction markets use Pyth Price Feeds to enable users to express and settle directional views on a short-time frame price evolution for multiple asset classes.
Kawa Finance is a cross-chain, decentralized lending protocol offering perpetual variable rate loans. Kawa’s cross-chain messaging aggregation protocol (XCM Aggregation) significantly improves the security and speed of existing cross-chain money markets. Instant finality is a benefit of living on Sei. Kawa uses Pyth Price Feeds to constantly value the platform’s underlying assets to ensure secure cross-chain operations.
Kryptonite Finance is the premier SEI liquid staking platform, with an integrated money market to earn compounded interest on SEI. Kryptonite relies on Pyth Price Feeds for accurate, timely liquidations and to ensure protocol security.
Levana Protocol is a decentralized, fully-collateralized perpetual trading platform on Sei, Osmosis, and Neutron. Levana has already processed over $10M in trading volume in its beta stage. The platform’s expansion to Sei will further propel its status as a leading venue for trading on-chain. Pyth’s wide asset coverage enables Levana to support a wide variety of markets including assets that are not native to Cosmos.
SeaSwap is a layered DeFi platform with OTC swaps, a bonding curve launchpad, a permissionless DEX, and more—all possible thanks to Pyth Price Feeds.
To learn more about how to integrate with Sei Network, you can check out our documentation.
Sei Network
Sei is a general-purpose, open-source Layer 1 blockchain specialized for the exchange of digital assets. Leveraging a novel consensus and technical breakthroughs, Sei is among the fastest blockchain in the industry.
For more information about Sei, please visit their website and documentation.
Sei Labs
Sei Labs is a contributor to the open-source Sei blockchain, the fastest Layer 1 for trading. Sei's unique chain-level optimizations enable decentralized exchanges and trading apps to offer the best user experience with modern performance and scalability. The Sei Labs team is composed of industry veterans from Goldman Sachs, Databricks, Robinhood, Google, and Nvidia.
Pyth Network
The Pyth Network is the largest first-party financial oracle network delivering real-time market data to over 30 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 $65B in trading volume and received over 1M client downloads from passionate developers. Pyth supports 300+ low-latency price feeds across digital assets, equities, ETFs, forex pairs, and commodities. You can learn more about Pyth from the website or 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 Seilor community, you will see more Sei applications becoming #PoweredByPyth. You can explore our available price feeds on our website and discover which feeds are next in the pipeline. If you would like to request a new data feed, please let us know in our Discord.
Resources
Pyth Website
Pyth Docs
Pyth Best Practices
Pyth On-Demand Update
Pythnet
Pyth on Sei
Pyth Price Feeds IDs
Pyth for Off-Chain Use
Pyth Discord
Pyth Telegram
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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