Are prices in smart contracts updated automatically from time to time, or fetched only when needed?
Pyth Network uses a pull-based design, with prices submitted by first-party data providers such as trading firms and market makers.
Here’s the key point: when using a DeFi protocol, check which oracle it uses. The more concentrated the price feed sources, the greater the risk.
$PYTH and $LINK are the tokens of the oracle networks Pyth and Chainlink, respectively.
It’s okay to play it safe—staying in the game matters far more than making a big profit just once.
#PYTH
Pyth Network uses a pull-based design, with prices submitted by first-party data providers such as trading firms and market makers.
Here’s the key point: when using a DeFi protocol, check which oracle it uses. The more concentrated the price feed sources, the greater the risk.
$PYTH and $LINK are the tokens of the oracle networks Pyth and Chainlink, respectively.
It’s okay to play it safe—staying in the game matters far more than making a big profit just once.
#PYTH