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Pyth Network Launches Redemption Rate Feeds (RRF)

Twitter icon  •  Published 3 hours ago  •  Hassan Maishera

On Thursday, the Pyth Network announced via X that it has launched Redemption Rate Feeds (RRF).

On Thursday, the Pyth Network announced via X that it has launched Redemption Rate Feeds (RRF). Pyth's new RRFs provide real-time redemption values for LSTs, LRTs, and yield-bearing stablecoins.

These feeds capture the true value of tokens by pulling data directly from smart contracts, including accumulated rewards and interest. With the RFFs, DeFi platforms can now access precise valuation data for complex assets like liquid staking tokens and yield-bearing stablecoins.

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 1.5% in the last 24 hours and currently trades at $0.3667 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.