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Pyth Network’s Pyth Price Feeds Now Powers YFX

Twitter icon  •  Published 7 months ago on May 10, 2024  •  Hassan Maishera

The Pyth Network announced via X on Thursday that Pyth’s Price Feeds now powers YFX, a decentralized perpetual protocol prioritizing fairness and optimal capital efficiency.

Pyth Network’s Pyth Price Feeds Now Powers YFX

The Pyth Network announced via X on Thursday that Pyth’s Price Feeds now powers YFX, a decentralized perpetual protocol prioritizing fairness and optimal capital efficiency.

YFX leverages Pyth Price Feeds to access real-time data to ensure transparency and fairness. With Pyth's official contract verifying signatures, users are confident that prices are accurate and sourced directly from top financial institutions.

This partnership means that YFX ensures the openness and integrity of index prices, enabling equitable trading with seamless access to the best financial data.

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 by 2% in the last 24 hours and is currently trading at $0.4928 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.