back05 Oct 20233 min read
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Pyth Monthly Update I September 2023

“How smartly September comes in, like a racing gig, all style, no confusion” — Eleanor Clark

For some readers, September was ‘Back to school’ season or even ‘Back to the office’. For the Pyth Network contributors, the month was ‘business as usual’ and then some. We’ve welcomed a new contributor to the Pyth Network, launched an upgrade to the oracle network, and kicked off the first set of community awareness initiatives for Pyth governance.

We’re pleased to be joined by Douro Labs, a new core contributor and a cutting-edge blockchain infrastructure company focused on the development and acceleration of the Pyth protocol and ecosystem. It took them little time to deliver the Perseus Upgrade, a major improvement to the Pyth Price Feeds. This upgrade substantially reduces gas costs for users while decreasing latency and enhancing reliability.

The community has expressed their excitement for Douro Labs to propel the network to permissionless mainnet and deploying on-chain governance. Shortly after these announcements, the Pyth Data Association published the Pyth Network Whitepaper Version 2.0.

September was also a big month of crypto conferences. We shook hands with Pythians all around the world from Singapore (Token 2049) to Austin (Permissionless II), New York (Messari Mainnet) to Berlin (Solana Hacker House). If you couldn’t travel, no worries. You can catch Mike Cahill and Jayant Krishnamurthy speaking on all things oracle-related in a torrent of new podcast episodes and online shows.

🤝 Partnerships

New dApps Using Pyth

  • C3, the hybrid exchange with the benefits of both CEXs and DEXs
  • Rolla Finance, a next-gen crypto prediction market on Polygon
  • Aeroscraper, an interest-free and governance-free protocol for crypto asset liquidity
  • Layer Bank, a money-market protocol built on Linea
  • Pike Finance, an upcoming universal liquidity protocol available across EVM and SVM chains
  • Fringe Finance, a multi-chain borrow-lending platform
  • Lulo Finance, a peer-to-peer orderbook based lending and borrower platform
  • HMX, a perp DEX with cross-margin and multi-asset collateral support on Arbitrum
  • Mendi Finance, a peer-to-peer decentralized liquidity protocol on Linea

DeFi Partner Updates

  • Gelato zk-Rollup as a Service (zkRaaS) will become #PoweredByPyth
  • Vela, a leading DEX on Arbitrum, has expanded to Base
  • LEXER, a multi-asset perps DEX on Arbitrum, is coming in hot with LEXER V2
  • Thales, a positional markets protocol, has integrated Pyth across its suite of products
  • Helix, the leading DEX on Injective, is proudly #PoweredByPyth
  • Reax, an Open Derivatives Infrastructure on Mantle, reached $10M in trading volume
  • Gambit, a next-gen perps exchange on zkSync, is now live on mainnet

Data Provider Updates

  • NOBI, a prominent crypto asset management platform based in Indonesia
  • BLOCKSIZE, a top-tier provider that offers institutional-grade, compliance-focused data solutions
  • Cetus, a leading DEX and concentrated liquidity protocol built on the Sui and Aptos networks

⚙️ Development

Major Updates

New Blockchains

New Price Feeds

💃 Events

Pyth in Person

Online Events

🫂 Community and Socials

We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, follow us on Twitter. You can also learn more about Pyth here.

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