The Edge Podcast
Pyth: Making The Price of Everything, Available Everywhere
Feb 7, 2025
Mike Cahill, Founder and CEO of Douro Labs, discusses the transformative vision of Pyth Network, aiming to make the price of everything available on-chain. Formerly a high-frequency trader, he shares insights into Pyth's impressive growth, boasting over 600 data feeds across more than 90 blockchains. The conversation highlights the launch of Pyth Lazer's one millisecond price feeds and the strategic partnership with Revolut, while exploring the potential future of DeFi as it becomes increasingly accessible and efficient.
49:25
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Quick takeaways
- Pyth Network is revolutionizing DeFi by providing real-time, high-speed price feeds essential for competitive trading and investment processes.
- The partnership with Revolut highlights the integration of traditional finance with DeFi, enhancing data richness and fostering trust in decentralized systems.
Deep dives
The Importance of Accurate Data in DeFi
Maintaining accurate and timely data is crucial for the growth of decentralized finance (DeFi), representing a significant $70 billion market in the U.S. alone. The podcast discusses the necessity of integrating reliable data on-chain to enable efficient trading and investment processes in DeFi ecosystems. Traditional data sources often lack the speed and accessibility required for real-time transactions in blockchain environments, which highlights the importance of developing advanced oracle solutions. Pith Network seeks to address these issues by providing high-speed price feeds, which are essential for traders and platforms aiming to operate competitively against legacy financial systems.
