We’re excited to share that Pyth’s low-latency pull oracles are now available on @shimmernet 🔮
Developers on #ShimmerEVM testnet can now access Pyth’s 200+ real-time price feeds for equities, commodities, FX pairs, and cryptocurrencies
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The ShimmerEVM testnet is the first L2 network to anchor on Shimmer: Shimmer is the official L1 staging and validation network of the @iota distributed ledger technology (DLT).
Explore their website: shimmer.network/
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Mirroring the IOTA network, Shimmer is built on a UTXO-based parallelized, directed acyclic graph (DAG), guaranteeing higher scalability than conventional Blockchains, and it provides the core building blocks for a scalable, modular multi-chain architecture
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Builders on ShimmerEVM testnet can permissionlessly access any of Pyth’s 200+ low-latency price feeds for equities, commodities, FX pairs, and cryptocurrency directly on-chain
twitter.com/shimmernet/status/1648310420396965889
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To help bootstrap the ecosystem, the Tangle Ecosystem Association (TEA) will deploy and automate its own price pushers for six asset pairs for builders to use: SMR/USD, IOTA/USD, ETH/USD, BTC/USD, USDC/USD, USDT/USD
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This price data will be pushed onto the EVM chain at regular intervals and according to certain volatility parameters
Once available on-chain, any application on ShimmerEVM freely utilize these price points
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We’re excited to support the ShimmerEVM ecosystem and empower developers with access to real-time market data 🔮
pyth.network/blog/pyth-low-latency-pull-oracles-launches-on-shimmerevm-testnet
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We invite the Shimmer ecosystem to explore what Pyth data can unlock for them 👇
How Pyth Works: docs.pyth.network/design-overview
Low-Latency Pull Oracles: pyth.network/blog/pyth-a-new-model-to-the-price-oracle
Pyth on XXXX: docs.pyth.network/pythnet-price-feeds/evm
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To discover more about @shimmernet, visit their website: shimmer.network/
If you have any questions, you can join their Discord: discord.shimmer.network/
To learn more about #Pyth on ShimmerEVM, check out our blog post: pyth.network/blog/pyth-low-latency-pull-oracles-launches-on-shimmerevm-testnet