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Colend Leverages Pyth Network’s Pull Oracle for Reliable Data Aggregation

Twitter icon  •  Published 5 months ago on August 1, 2024  •  Hassan Maishera

The Pyth Network announced via X on Wednesday that Colend leverages Pyth Network’s Pull Oracle to prevent price manipulation.

Colend Leverages Pyth Network’s Pull Oracle for Reliable Data Aggregation

The Pyth Network announced via X on Wednesday that Colend leverages Pyth Network’s Pull Oracle to prevent price manipulation. The Pull Oracle provides Colend with enhanced security, reliable data aggregation, and robust mechanisms, ensuring a more secure and trustworthy lending platform.

Colend is a peer-to-peer borrow-lending protocol on Core DAO, a Bitcoin-powered, EVM-compatible blockchain, and has amassed $200M in TVL.

Pyth Network is an innovative decentralized oracle that sources financial market data from over 90 first-party publishers, including major exchanges and market-making firms worldwide. PYTH is down 5% in the last 24 hours and is trading at $0.3473 per coin. 

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.