What is Pyth? The tool that helps blockchain say goodbye to "blind people touching an elephant"!
Friends, have you ever felt that DeFi sometimes feels like "blind people touching an elephant"? Price data is delayed, the sources are unclear, and it is often manipulated! 🦸♂️ This is like deciding what to wear today based on last year's weather forecast - completely unreliable!
Pyth Network is here! It is a decentralized first-party financial oracle that directly brings first-hand data from top institutions like Goldman Sachs and Jane Street onto the chain. Imagine that obtaining prices used to be like listening to a vendor in the market, but now it's like getting quotes directly from the wholesaler!
Most importantly, Pyth does not use third-party nodes; the data providers themselves are the source, ensuring the timeliness, accuracy, and tamper-proof nature of the data. Your DeFi protocol will no longer be liquidated for inexplicable reasons due to garbage data!
