Are prices in the contract updated automatically every so often, or fetched only when needed?
Pyth Network uses a pull-based design. Prices are submitted by first-party data providers such as trading firms and market makers.
Key takeaway: When using a DeFi protocol, check which type of oracle it uses. The more concentrated the price-feed sources, the greater the risk.
$PYTH is the token of Pyth, a pull-based oracle network. Its current price is 0.0784.
Understanding how it works can help you avoid pitfalls, but it can't replace risk management.
#PYTH
Volatility is high, so manage your own position size.
Pyth Network uses a pull-based design. Prices are submitted by first-party data providers such as trading firms and market makers.
Key takeaway: When using a DeFi protocol, check which type of oracle it uses. The more concentrated the price-feed sources, the greater the risk.
$PYTH is the token of Pyth, a pull-based oracle network. Its current price is 0.0784.
Understanding how it works can help you avoid pitfalls, but it can't replace risk management.
#PYTH
Volatility is high, so manage your own position size.