Pyth Network has proudly announced the addition of Aleno to its esteemed consortium of data providers, significantly bolstering the security and reliability of the Pyth price oracle with premium proprietary data. Based in Paris, Aleno is a native DeFi service provider catering to asset managers, treasury managers, on-chain enterprises, and institutional clients. This strategic alliance aims to deliver precise institutional-grade data through Pyth Price Feeds, benefiting over 65 blockchain ecosystems and enhancing the overall DeFi experience.
Pyth Network Integrates Aleno’s Comprehensive Market Insights
Aleno excels in deriving real-time on-chain prices by leveraging detailed market data from live PDV markets. These price insights are seamlessly integrated with data from 63 other sources for each feed within the Pyth Network, resulting in a robust aggregated price stream that powers smart contracts. Aleno’s contribution significantly expands Pyth Network’s capability to deliver more than 540 real-time price feeds, supporting diverse DeFi applications across ecosystems like EVM, Move, Bitcoin, Cosmos, and Solana.
Antoine Vales, Co-founder and CEO of Aleno, expressed his satisfaction with the partnership, highlighting Pyth’s responsiveness and diligence. He emphasized that providing on-chain prices marks just the beginning of their collaboration, affirming Aleno’s commitment to advancing alongside Pyth to meet evolving on-chain demands.
Partnership Enhances Pyth Price Oracle’s Precision and Trustworthiness
Aleno’s flexible pricing solutions empower Pyth Network to address the needs of new users and smart contract developers effectively. The partnership underscores Aleno’s dedication to enhancing the DeFi user experience, supported by their collaboration with skilled asset managers to develop top-tier products. These solutions include data wallets for Kaiko and alerting tools tailored for decentralized finance asset managers. Aleno’s service offerings have proven instrumental in serving DeFi asset managers and treasury teams, enhancing the overall reliability and usability of the Pyth price oracle.
Ultimately, this partnership not only enhances the accuracy and usability of the Pyth price oracle but also reinforces the credibility of its data. Such collaborations are pivotal as the DeFi sector continues to expand, ensuring the resilience and efficacy of emerging Web3 applications.
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DeFi