๐ผ Case Study: How Drift Uses $PYTH for Derivative Contracts on Solana
๐ Drift Protocol, one of the largest derivative platforms on Solana, relies on $PYTH Network for real-time price feeds.
โ๏ธ Each leverage position, margin, and liquidation in Drift is calculated based on Pyth prices.
๐ก Since Pyth data comes directly from institutional providers, the risk of liquidation error and oracle lag decreases drastically.
๐ This allows Drift to compete with CEX in terms of accuracy & execution speed.
๐ฏ The combination of Pyth + Solana = a professional-grade trading experience, yet still trustless.
๐ฌ If DEX-derivatives like Drift can be as strong as CEX, is the future of trading completely moving on-chain?