According to Foresight News, Pyth Network has announced its integration with the open-source public network Hedera. This integration allows Hedera developers to access over 400 financial data sources without the need for permission, enabling them to use the data in smart contract applications. Decentralized lending protocol HLiquity is the first application on Hedera to integrate with Pyth Data.
The integration of Pyth Network and Hedera aims to provide developers with a wide range of financial data sources, which can be used to create innovative and efficient smart contract applications. By offering access to these data sources without the need for permission, developers can quickly and easily incorporate the information into their projects, potentially leading to the development of new and improved financial products and services.
As the first application on Hedera to integrate with Pyth Data, HLiquity demonstrates the potential benefits of this collaboration. The decentralized lending protocol can now access a wealth of financial data, which may help improve its services and attract more users. This integration showcases the potential for other applications on Hedera to benefit from the vast array of financial data sources provided by Pyth Network.
