The Pyth to Sypool
We are thrilled to announce pyth, a new and specialized oracle solution has become our long-term partner to deliver real-time on-chain market data.🎉
Pyth Network is a new and specialized oracle solution for latency-sensitive financial data that is typically guarded behind the “walled gardens’’ of centralized institutions. Pyth is focused on finding a new and inexpensive way to bring this unique data on-chain and aggregating it securely. These features are made possible thanks to Solana’s ultra-low costs, our aggregation methodology based on formal likelihood methods, and our data partners who can provide institutional-quality crypto and tradfi data. We envision Pyth becoming a key driver behind DeFi’s global adoption and complementary to current oracle solutions.
Sypool is a synthetic asset management protocol which is built by professional quantitative trading team.
This is another innovation that we have migrated finance from off-chain to on-chain. This idea was inspired by both off-chain fund companies and packaged asset derivatives. On the one hand, we tokenize fund shares. On the other hand, this share token actually represents a small part of a multi-token pool, thus providing the scarce liquidity for the cryptocurrency market.
Therefore, you can consider it as a fund share, or you can consider it as a mirrored token pool asset, or your own portfolio, as well as other new uses that may appear in the future.