🔍 Blockchain Industry | Two Oracle Models
· Key point: Pyth Network uses a pull-based design, with prices submitted by first-party data providers such as trading firms and market makers.
· Why it matters: Pull-based data is put on-chain only when needed, allowing prices to be updated more promptly. However, applications must check whether prices are stale; otherwise, they may use outdated prices.
· Practical tip: When choosing a DeFi protocol, check which type of oracle it uses. The more concentrated the price-feed sources, the greater the risk.
$PYTH 0.08596 (+9.97%)
For market reference only. Make your own trading decisions.
· Key point: Pyth Network uses a pull-based design, with prices submitted by first-party data providers such as trading firms and market makers.
· Why it matters: Pull-based data is put on-chain only when needed, allowing prices to be updated more promptly. However, applications must check whether prices are stale; otherwise, they may use outdated prices.
· Practical tip: When choosing a DeFi protocol, check which type of oracle it uses. The more concentrated the price-feed sources, the greater the risk.
$PYTH 0.08596 (+9.97%)
For market reference only. Make your own trading decisions.