How To Use Price Oracles

Build Your DeFi Vision with Pyth Network

Explore how Pyth’s low-latency price feeds will shape your decentralized finance app. The Pyth guides offer technical insights and inspiration for developers.

What Are Price Oracles?

Your Smart Contracts Need Real-Time Data

Smart contracts unlock new ways for individuals to take control of their financial lives, but require secure access to real-world data to deliver transformative services.

Oracles retrieve data from external sources and deliver it to the blockchain for use in smart contracts, while ensuring security, accuracy, and reliability.

The Pyth Network delivers real-time asset prices for blockchain developers building the next generation of Web3 capital markets.

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Oracle Selection

Choosing Your Price Oracle

The oracle you choose will determine the reliability, accuracy, and competitiveness of your application. Consider these qualities when building your protocol.

Data Latency

In the financial world, speed matters. Lower latency data results in safer, fairer transactions.

Pyth prices update more than once every second—faster than most block times.

Data Quality

Your application needs to reflect real-world markets in order to deliver trusted services.

Pyth reduces price tracking error by 5-10x over competing solutions.

Market Coverage

Users require access to a variety of real-world markets to hedge, speculate, and transfer value effectively.

Pyth provides 540+ price feeds across digital assets, forex, equities, ETFs commodities, and more.

Data Sourcing

How your oracle sources data will determine your protocol's security and efficacy.

Pyth aggregates prices from first-party, institutional market participants to provide high-fidelity feeds.

Reliability

Trading is global. It’s important for your app to be available during market hours.

Pyth spares no effort in ensuring price feed reliability and robustness.

Scalability

The market coverage and blockchain compatibility of your oracle will shape your roadmap and product offering.

Pyth services more than 80+ blockchains and can scale to thousands of assets.

Oracle Use Cases

Developer Guides
on Building with Oracles

The Pyth guides cover exciting, popular DeFi solutions and how developers can leverage real-time price oracles to create a unique, competitive product. Start building today.

Lending

Borrowing and Lending

DEXs

Perpetual Futures

Derivatives

Options and Structured Product Vaults

Stablecoins

Stablecoins

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