Douro Labs

Why aren’t the majority of banks cashing in on the $10-trillion DeFi opportunity? The answer is simple: Fear. But that fear is valid. The blockchain industry isn’t built for traditional institutions, and its rampant security risks and regulatory challenges only underscore that fact. At the same time, DeFi continues to grow, and these traditional institutions risk missing out on the once-in-a-generation opportunity that blockchain offers when it comes to boosting revenue and maximizing efficiency. Pyth Network is designed to bridge the gap. With its stringent emphasis on compliance and unmatched standards for security, Pyth connects blockchain applications with real-time market data from global financial institutions. With Pyth, it’s now possible for banks to get the most out of DeFi and minimize risk in the process. It’s time to join the DeFi revolution. Ready to learn more? https://lnkd.in/gv_Ud_6h #DeFi #Blockchain #Finance #DataMonetization

The Pyth Retrospective Airdrop was not just for DeFi participants and individuals from the community. PYTH Tokens have been distributed to over 160 #PoweredByPyth dApps across 27 chains. You can look forward to the teams behind these dApps coming out this week with announcements on their new PYTH Tokens and what they will do with their allocations: The Pyth Network Retrospective Airdrop has delivered PYTH Tokens to: - Active DeFi participants who have interacted with dApps that use Pyth data - Active community members who participated in the Pyth Network’s social channels As part of the Retrospective Airdrop program, dApps that use the Pyth Data will also receive PYTH Tokens. Learn more from the blog post: https://lnkd.in/gMaBNPHn The Pyth contributors are proud to continue building and fostering a vibrant oracle ecosystem to support the next generation of Web3 capital markets 🔮 Join the discussion: https://lnkd.in/gAZYrfB3 As always, we highly recommend that readers take appropriate measures to protect themselves and exercise caution at all times.

🌟 We're Hiring: Staff Frontend Engineer at Douro Labs! 🌟 If you're passionate about meticulously perfecting every detail and pushing the boundaries of web technologies to build seamless, high-quality user experiences, Douro Labs is eager to welcome you into our team. We value candidates who are dedicated to innovation and quality in their work. Explore the role and apply here: https://lnkd.in/gWhFJfwc

2023 was an interesting year—a rollercoaster for most, but for Pyth Network and its performance stats, it was up only. Let's review some updates that showcase the network at the end of 2023. Coverage: Pyth is now available on 50 blockchains, making it the best-prepared infra layer for a multi-chain world. Pyth is dominant in multiple EVM ecosystems along with Solana Foundation , Injective Labs, Aptos Labs , Sui Foundation , Sei Labs , Osmosis Labs and others. Stay tuned for more new blockchain and dApp integrations! Demand: Pyth experienced incredible growth, with 4.0 million daily price updates across all chains (excluding Solana)! Pyth can quickly lists new symbols, and now offers over 400 price feeds across various asset classes. Apps using Pyth Data can access all these feeds on all blockchains permissionlessly. Try doing that with a legacy oracle. Volume Secured: Pyth-powered trading volumes surged in December, reaching over $22 billion in just one month, almost double the previous month. Volumes grew on ecosystems like Optimism Foundation, The Arbitrum Foundation, Sui Foundation, Starknet Foundation, Injective Labs, Solana Foundation, etc., with applications like SNX, Bluefin, HMX, Lifinity, Paradex, Drift, and Helix showing strong growth. New Product: Last month saw the launch of Pyth Entropy, a secure on-chain Random Number Generator, based on an innovative commit-reveal system. Integrations are in progress. If you are interested in implementing this product, please reach out to us. Pythia blesses you all. https://lnkd.in/genVyPPG

Today, we’re unveiling Data-Driven 2023, a two-day online conference by the #Pyth contributors, featuring guest speakers from the across the DeFi ecosystem. This event offers a deep dive into Pyth’s newest initiatives and developments, and a unique opportunity to hear from thought leaders and leading DeFi teams. Learn more below:

Really enjoyed this conversation with Tristan Yver about market structure, financial market data, and the Pyth Network.

Today marks the unveiling of the Pyth Network Retrospective Airdrop. This airdrop is a cross-chain program and an expression of deep appreciation for the dedicated community of the Pyth oracle ecosystem. This is the largest cross-chain, usage-oriented airdrop program in Web3 and DeFi. Over 75,000 wallets will be eligible to receive PYTH Tokens based on their on-chain activity across 27 blockchains and over 200 decentralized applications. Learn more from the article below: