How Pyth Is Changing the Oracle Game w/ Jayant Krishnamurthy

Sep 19, 2023

Jayant Krishnamurthy, Co-founder of Duoro Labs, discusses how Pyth is revolutionizing blockchain oracles by addressing challenges and expanding to over 30 blockchains. They explore the PITH Network, optimizing multi-chain protocols with miracle trees, the evolution of DeFi, bridging limitations, and the challenges and design space for oracles. They also discuss operating Pith in a bear market and compare Solana and Ethereum ecosystems.

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Introduction

00:00 • 2min

Building Pith: The Solution for Accessing Financial Market Data on the Blockchain

01:45 • 23min

Optimizing Multi Chain Protocol with Miracle Trees

25:05 • 4min

The Evolution of DeFi and Blockchain

29:09 • 8min

Publishing to Different Optimism Chains, Bridging Limitations, and PIT's Monetization Model

37:07 • 2min

Exploring the Challenges and Design Space for Oracles

39:16 • 8min

Operating Pith in a Bear Market: Challenges, Trends, and Blockchain Comparison

47:43 • 4min

Oracles are an essential part of how real-world data gets integrated into DeFi smart contracts, but historically, that process has been fraught with challenges. In this episode, Jayant Krishnamurthy (Duoro Labs) explains how Pyth is addressing these challenges and redefining how a blockchain oracle can work. Originally built on Solana’s L1, Pyth is a low-latency, high-frequency oracle that has expanded beyond the Solana ecosystem and now provides data feeds for over 30 blockchains. The way it does this is through Pythnet – the first network to deploy the Solana codebase for an application specific blockchain.

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