Pyth Network to use Auros high frequency on-chain data

    • Auros and Pyth Network have partnered to carry high frequency on-chain data to blockchains.
    • The partnership will assist advance the decentralised finance market, with higher monetary options for customers.

    Auros, an algorithmic buying and selling and market making platform for cryptocurrencies, is teaming up with the Pyth Network to carry high-frequency pricing data to the oracle resolution.

    The partnership will see Pyth Network obtain pricing data from Auros real-time high-frequency buying and selling system. The data might be for a spread of cryptocurrencies, the 2 companies famous in a press launch obtained by CoinJournal on Tuesday.

    Offering high constancy data to markets

    Pyth, a market chief when it comes to oracle options for latency-sensitive monetary data, will faucet into the Auros know-how to ship additional institutional buying and selling exercise to a number of blockchain protocols.

    Auros delivers high constancy data derived from combining data from a variety of sources, filtering for high quality and accuracy.

    According to the platform, this occurs at sub-second intervals to give customers pricing data that’s dependable. The market making platform has built-in over 60 exchanges, and accounts for over $1.5 trillion in cumulative buying and selling quantity.

    Auros is the seventieth writer, or supplier to be a part of with Pyth Network.

    By sharing our high-frequency trading data with a truly on-chain decentralized network, we aim to foster innovation that will lead to better financial solutions for all participants. We expect the Pyth Network will become an invaluable part of a future decentralized financial system, and are delighted to be partnered with them on this mission,” stated Ben Roth, co-founder and CIO of Auros.

    Pyth at present supplies aggregated market data for over 90 worth feeds, with customers unfold throughout FX, crypto, equities and metals. The worth feeds are additionally out there for blockchains by way of Wormhole’s messaging protocol.

    The platform has secured greater than $25 billion price of traded quantity.

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