- Sub-second price feeds on Aptos are being made available to DeFi applications thanks to a partnership between the Aptos Foundation and Pyth Data Association.
To provide Aptos users with oracle updates in under a second, the Aptos Foundation and Pyth Data Association have joined forces.
An automated price scheduler is introduced by the partnership. According to a Pyth blog post, the scheduler routinely refreshes a set of price feeds for Aptos’ Layer 1 blockchain, giving developers access to low-latency pricing oracle infrastructure and sub-second price updates to improve the effectiveness of their DeFi applications.
To use real-time asset values gathered from outside sources like Jane Street, CBOE, Binance, OKX, and Bybit, developers can use Pyth’s feeds natively on Aptos. Pyth data is already used by Aptos DeFi initiatives like Thala Labs, Tsunami Finance, Aries Markets, ABEL Finance, and Aptin Finance.
DeFi protocols need to interact with off-chain data that is required for their applications, and thus requires access to real-world price data.
Pyth claimed that the action was a component of their dedication to promoting more equitable and open markets. “This partnership is a major step towards empowering Aptos developers and streamlining the adoption and accessibility of real-time, institutional-quality oracle data across the Aptos landscape,” noted Bashar Lazaar, ecosystem lead for the Aptos Foundation.
Pyth’s permissionless pull oracle model enables applications to access price feeds once every second while only paying for the prices they “pull” (as opposed to “push”) on-chain in contrast to the push model employed by the majority of DeFi oracles, where off-chain processes send transactions to update on-chain prices continuously. According to Pyth, its pull system provides low-latency access to the most recent prices, high-frequency price updates, and over 250 price feeds across five key asset classes.
Director of Pyth Data Association Mike Cahill noted, "Building good alliances is vital to achieve our aim of supplying trustworthy, real-time financial data to the decentralized finance ecosystem. “This strategic alliance with the Aptos Foundation will enable us to concentrate on enhancing and growing our network while making Pyth feed usage even simpler for both developers and users alike.”
A very young Layer 1 blockchain, Aptos is built on Meta’s Move programming language. It seeks to provide an alternative to conventional networks that is quicker and more scalable. With over $2 billion in value secured, Pyth is an oracle network.
The Pyth stETH/USD price feed, introduced by Pyth and Lido last month, offers real-time, safe price data for staked ether (stETH) across more than 20 blockchains.