back12 May 20222 min read
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Pyth Network Data Provider Application Process

We are excited to launch our application process for becoming a Pyth Network data provider.

Powered by nearly 60 first-party data providers, and with over $2B in TVS, Pyth continues to grows rapidly. As the network expands, it is paramount that we retain the integrity and quality of the network, while successfully scaling the number of publishers.

Thank you for your support!

But first things first, we would like to thank all of the early contributors to the network. Ever since the network launched in early 2021, publishers have consistently contributed their proprietary market data to the Pyth on-chain program. Their contributions have benefited the whole DeFi ecosystem and initiated a reckoning among traditional and new market participants with respect to their views toward equal access to financial data.

You can find all the current Pyth data providers on our website.

A Decentralized, Self-Sustaining Network

As mentioned, the Pyth Data Provider Application Process aims to help onboard the many interested prospective publishers to the network while retaining the Pyth Network quality standard.

This Application Process will not last forever. Rather, it will accompany the network until it is feature-complete and achieves its decentralization and self-sustainability goals.

As outlined in the whitepaper, next up for deployment include the network mechanisms of data staking, reward distribution, and governance. These deployments for the Pyth Network will be in an optimal position to provide an environment where price feeds are derived from first-party sources while being permissionless.

If you’d like to learn more about how the Pyth Network operates and the incentives in place enabling initially distrusting parties to come together and build a completely new and self-sustainable network, we recommend you to read our whitepaper and check out our walkthrough video.

Discover More

We look forward to further coordinating with excellent partners to establish a digital marketplace of institutional grade, high-fidelity financial data to power financial applications across every chain.

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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