Today marks the full deployment and launch of Pyth Price Feeds on Stacks, the Bitcoin layer enabling developers to build decentralized apps and smart contracts.
This launch follows after the Developers Release of Pyth Price Feeds on Stacks earlier in August this year. Today, all smart contract developers on Stacks can harness the full power of Pyth Price Feeds and Pyth Benchmarks. Developers have permissionless access to over 400 real-time price feeds for digital assets, foreign exchange pairs, commodities, ETFs, and even US equities.
This deployment is made possible thanks to the contributors at Hiro, the developer tools company for Bitcoin layers. We’re excited to continue collaborating with the Stacks ecosystem to further the capabilities and userbase of decentralized finance.
“We’ve heard from our developer community the importance of accurate, reliable oracles, which is why we’re proud to contribute to bringing Pyth price feeds to Stacks,” said Alex Miller, CEO of Hiro. “The next generation of DeFi apps will be on Bitcoin layers like Stacks.”
"Stacks leads the charge in integrating smart contracts, ushering in the era of DeFi on Bitcoin as its execution layer”, said Abhimanyu Bansal, Head of Partnerships at Douro Labs. “We're thrilled to introduce the comprehensive suite of Pyth Network price feeds to developers within this dynamic ecosystem, fostering the expansion of DeFi on the world's most secure and pioneering blockchain.”
Stacks
Stacks is a Bitcoin Layer for smart contracts. It enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain.
In December 2022, the sBTC whitepaper was released along with plans for the 2023 Nakamoto Release which will bring faster speeds and transactions backed by 100% of BTC security to the Stacks Layer. The launch of sBTC will unlock Bitcoin as a fully programmable, productive asset for countless use cases.
In the Stacks ecosystem, there are currently more than 30 companies including a non-profit Stacks Foundation, a developer tooling company Hiro, Xverse, Trust Machines, New Internet Labs, Mechanism, Daemon Technologies, ALEX, Arkadiko, and more.
For more information about Stacks, please visit their website.
Pyth Network
Pyth Network is the fastest growing and largest first-party financial oracle. The network real-time financial data to over 45 blockchain ecosystems securely and transparently.
The oracle network comprises some of the world’s largest market makers, exchanges, and financial services providers who contribute their proprietary data on-chain for aggregation and dissemination to decentralized and off-chain applications.
In less than a year, the Pyth Network secured more than $2.0B in total secured value. Pyth currently supports over 400 low-latency price feeds across major asset classes and has facilitated over $95B in trading volume. You can learn more about Pyth Network from the website and documentation.
What’s Next?
We invite readers to explore our resources below to start building and learn more. If you have any questions, please do not hesitate to reach out.
Readers can also look forward to more Stacks DeFi applications becoming #PoweredByPyth. You can find the full catalog of price feeds on our website and see which price feeds are next in the pipeline. If you would like to request a new price feed, you can let us know in our Discord.
Resources
We can’t wait to hear what you think! You can join the Pyth Discord and Telegram, and follow us on X. You can also learn more about Pyth here.
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