PYTH

1. Project introduction

Pyth Network is an oracle that publishes financial market data to multiple blockchains.

The market data provided by Pyth Network is contributed by over 90 first-party publishers, including some of the biggest exchanges and market making firms in the world. They offer price feeds for a number of different asset classes, including US equities, commodities, and cryptocurrencies(opens in a new tab). Each price feed publishes a robust aggregate of publisher prices that updates multiple times per second.

Price feeds are available on multiple blockchains and can also be used in off-chain applications. Pyth offers three different data products to support various applications:

· Solana Price Feeds provide real-time prices on Solana mainnet.

· Pythnet Price Feeds provide real-time prices for 35+ blockchain ecosystems. They are available in mainnet for most EVM chains ( including Ethereum, BNB, Avalanche, and more ), several Cosmos chains, Aptos, and Sui.

· Benchmarks provides historical Pyth prices for both on- and off-chain use. These historical prices can be used for settlement or other similar applications.

2. Team introduction

Core Contributor: Jeff Schroeder

https://www.linkedin.com/in/jeffschroeder/

Core Contributor: Samir Islam

https://www.linkedin.com/in/samir-islam-si/

3. Investment institution

Alameda Research, Jump Trading, Delphi Digital, Alliance DAO, Republic Capital

4. Application and distribution

Token application:

Pyth Governance can help determine high-level parameters of the other network mechanisms. On-chain governance is expected to be responsible for many decisions and actions, such as:

- Determining the size of update fees.

- Determining the reward distribution mechanism for data providers.

- Approving other software updates to on-chain programs across blockchains.

- Determining how new symbols (feeds) are listed on Pyth and their reference data (e.g. the number of decimal places in the price, reference exchanges).

- Determining how data providers will be permissioned to provide data for price feeds.a

Token distribution:

Publisher Rewards: 22%

Ecosystem Growth: 52%

Protocol Development: 10%

Community and Launch: 6%

Private Sales: 10%