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Pyth Network’s Price Feeds Launches on Henez Finance

Twitter icon  •  Published 7 months ago on June 7, 2024  •  Hassan Maishera

The Pyth Network announced via X on Thursday that its Price Feeds has launched on Henez Finance, an omnichain liquidity layer on Base, enabling users to deposit collateral on Chain A and mint zUSD on Chain B without bridging.

Pyth Network’s Price Feeds Launches on Henez Finance

The Pyth Network announced via X on Thursday that its Price Feeds has launched on Henez Finance, an omnichain liquidity layer on Base, enabling users to deposit collateral on Chain A and mint zUSD on Chain B without bridging.

By leveraging Pyth Price Feeds, Henez can tap into 500+ feeds and ensure precise and transparent financial data for its users. Henez Finance leverages a hub-and-spoke model on Base to centralize accounting while unifying cross-chain liquidity seamlessly.

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 by 1% in the last 24 hours and is currently trading at $0.4741 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.