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Primex Now Leverages Pyth Network’s Pull Oracle

Twitter icon  •  Published 4 months ago on August 20, 2024  •  Hassan Maishera

The Pyth Network announced via X on Monday that Primex has integrated its Pull Oracle feature.

Primex Now Leverages Pyth Network’s Pull Oracle

The Pyth Network announced via X on Monday that Primex has integrated its Pull Oracle feature. Primex is a platform for trading any asset with leverage on the spot market via decentralized exchanges (DEXs). 

By integrating Pyth's pull oracle, Primex becomes more resilient against price manipulations, flash loan attacks, inefficient arbitrage between different markets, and other malicious actions, protecting lenders and traders from these threats.

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 up 4% in the last 24 hours and is trading at $0.2913 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.