Pyth Network has officially welcomed Aleno into its community of data providers, thus bolstering the security of the Pyth price oracle with top-notch proprietary data. Aleno, a DeFi-native service provider based in Paris, caters to asset managers, treasury managers, on-chain companies, and institutions. This strategic collaboration aims to provide precise institutional-quality data to Pyth Price Feeds and enhance the DeFi experience for over 65 blockchain ecosystems.
Pyth Network Integrates Aleno’s Comprehensive Market Data
Aleno achieves real on-chain prices by integrating detailed market data from live PDV markets. Aleno’s price data is then combined with data from up to 63 other sources for each feed in the Pyth Network, resulting in a reliable combined price stream that can be utilized for smart contracts. Aleno’s contribution strengthens Pyth Network’s capacity to offer more than 540 real-time price data feeds for various DeFi use-cases across different ecosystems, including EVM, Move, Bitcoin, Cosmos, and Solana.
Antoine Vales, the Co-founder and CEO of Aleno, expressed his satisfaction with the partnership’s outcome, highlighting Pyth’s responsiveness and attention to detail. He emphasized that providing on-chain prices is just the initial step and reiterated Aleno’s commitment to assisting Pyth in advancing further to meet more on-chain needs.
Partnership Boosts Pyth Price Oracle’s Accuracy and Credibility
Aleno’s flexible pricing offerings position Pyth Network to meet the needs of new users and smart contract developers, showcasing the company’s dedication to improving the DeFi experience. By collaborating with skilled asset managers, Aleno has developed high-quality products, including a wallet data product for Kaiko and alerting tools for decentralized finance asset managers. Aleno’s renowned services have proven beneficial in providing solutions for DeFi asset managers and treasury managers.
Ultimately, this partnership not only enhances the usability and accuracy of the Pyth price oracle but also strengthens the credibility of the data. Such collaborations are essential as DeFi continues to expand, ensuring that emerging applications are effective and secure in the world of Web3.