Ayan was a small village, miles away in the city, on a small, sun-drenched village called Rupnagar. His parents were farmers and the one and the only way the village was linked to the outside world was through a single and aging radio. But Ayan possessed a secret, a low-powered, used laptop and a spotty internet connection, with the help of which he learned the world of Decentralized Finance (DeFi).
Ayan recognized the potential of DeFi to be enormous--it would grant access to all countries, no matter your location. However, to his dream of establishing a local futures crop exchange, there was a giant issue, data.
The domestic price of rice and wheat was announced one day behind schedule. Gold and currency exchange rates in the world were nearly a minute behind the exchanges in the city. All the dApps Ayan attempted to develop did not work as all of them were using slow, unreliable stale data to set their price. The basis of his programme, which he idealistically named HarvestTrust, was paralyzed by an air of false information.
Ayan knew that he had to have the "True Price--the exact, actual, what is really going on, present value of all his assets, however distant his location.
The Revelation of Pythia
It was one of the late nights, having tried a thousand and one unsuccessful times when Ayan made an accidental discovery of the Pyth Network (PYTH). It was not only an oracle, it was a revolution. He was told that Pyth was tapped directly into the largest financial sources of the world, which were the market makers and exchanges, making it the fastest and most accurate feed.
It was a discovery of a fiber-optic cable in his village!
Ayan incorporated the Pull Oracle of Pyth in his HarvestTrust platform. The platform has now made it possible to have a situation whereby when a farmer had to hedge their rice crop against the global commodity price, the platform did not wait to be pushed gently with slow updates. It immediately drew the price--verified, accurate and with a confidence interval--where the need arose.
HarvestTrust Flourishes
HarvestTrust turned out to be the digital heartbeat of the village.
* The local farmers who used to be at the mercy of middlemen were now able to check a globally accurate price of their harvest in real time and this gave them instant power.
Ayan took the accurate Pyth data to start a small, community owned, decentralized lending pool of agricultural machinery which is secured by future harvests when borrowing became impossible due to the unreliability of the source data.
The reliability of HarvestTrust has been its biggest asset. The confidence it brings about by the high-fidelity data offered by Pyth brought in liquidity to the city as the platform exhibited accuracy that was proven.
The rural boy Ayan was the technological tower of Rupnagar. He redeemed the $PYTH token he had earned as an early adopter to vote on Pyth governance proposals, keeping the network focused on the needs of the developing world with its variety of esoteric commodity pairs that were important to small farmers.
The $PYTH Community Message.
It is not merely the story of a boy named Ayan, and the democratization of information. Pyth Network ($PYTH) is not just an oracle, but it is the backbone of the DeFi that makes it fair, secure, and accessible to all people, regardless of their location.
Pyth is bridging the information gap; it is bringing high-speed data, first-party, and stoking innovation in the most underserved regions of the world.
The supporters of this trend are known as $PYTH token owners, and they have a network that is literally equalizing the playing field. It is in the best interests of Pyth to support a world in which a young man in a village can compete with a Wall Street trader, and this all thanks to the power of the True Price.
PYTH Network PYTH Network DeFiForAll Oracle RealWorldUtility.
