EPISODE · Feb 15, 2024 · 56 MIN
How Pyth Propogates Financial Data At The Speed of Light | Mike Cahill
from Lightspeed · host Blockworks
Mike Cahill joins us to discuss how oracles have become the linchpin of crypto. Mike is a core contributor to Pyth, a highly optimized oracle network integrated with 50+ chains and over 300 apps. In this episode, we cover crypto's oracle problem, why Pyth launched an SVM appchain, how Pyth ensures high-quality publishers, Pyth's Wormhole integration, how to monetize financial data, the RWA opportunity, where Chainlink went wrong and more! - - (00:00) Introduction (01:07) The Value of Financial Market Data (06:04) Oracles: The Linchpin of Crypto (08:21) Why Pyth Launched an SVM Appchain (13:28) Permissionless Integrations (15:23) DAS London Plug (16:20) Data Publishers: Quality Control and Incentives (20:43) Pyth’s Airdrop and Governance (25:15) Liveness Concerns (28:05) Economics and Trust Minimization (36:23) The RWA Opportunity (46:05) Where Chainlink Went Wrong (51:41) Evaluating Crypto’s Ecosystems - - Join us at DAS (Digital Asset Summit) in London this March! DAS is the #1 institutional conference in crypto, hosted by Blockworks. Use the link below to learn more, and use LIGHTSPEED10 to get 10% off your ticket! Sign up now because the price goes up every month. See you there! Learn more + get your ticket here: https://blockworks.co/event/digital-asset-summit-2024-london/home - - Follow Mike: https://twitter.com/mdomcahill Follow Mert: https://twitter.com/0xMert_ Follow Garrett: https://twitter.com/GarrettHarper_ Follow Lightspeed: https://twitter.com/Lightspeedpodhq Subscribe on YouTube: https://bit.ly/43o3Syk Subscribe on Apple: https://apple.co/3OhiXgV Subscribe on Spotify: https://spoti.fi/3OkF7PD Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ - - Resources Pyth Network https://twitter.com/PythNetwork Douro Labs https://twitter.com/DouroLabs - - Disclaimers: Lightspeed was kickstarted by a grant from the Solana Foundation. Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mert, Garrett and our guests may hold positions in the companies, funds, or projects discussed.
What this episode covers
Mike Cahill joins us to discuss how oracles have become the linchpin of crypto. Mike is a core contributor to Pyth, a highly optimized oracle network integrated with 50+ chains and over 300 apps. In this episode, we cover crypto's oracle problem, why Pyth launched an SVM appchain, how Pyth ensures high-quality publishers, Pyth's Wormhole integration, how to monetize financial data, the RWA opportunity, where Chainlink went wrong and more! - - (00:00) Introduction (01:07) The Value of Financial Market Data (06:04) Oracles: The Linchpin of Crypto (08:21) Why Pyth Launched an SVM Appchain (13:28) Permissionless Integrations (15:23) DAS London Plug (16:20) Data Publishers: Quality Control and Incentives (20:43) Pyth’s Airdrop and Governance (25:15) Liveness Concerns (28:05) Economics and Trust Minimization (36:23) The RWA Opportunity (46:05) Where Chainlink Went Wrong (51:41) Evaluating Crypto’s Ecosystems - - Join us at DAS (Digital Asset Summit) in London this March! DAS is the #1 institutional conference in crypto, hosted by Blockworks. Use the link below to learn more, and use LIGHTSPEED10 to get 10% off your ticket! Sign up now because the price goes up every month. See you there! Learn more + get your ticket here: https://blockworks.co/event/digital-asset-summit-2024-london/home - - Follow Mike: https://twitter.com/mdomcahill Follow Mert: https://twitter.com/0xMert_ Follow Garrett: https://twitter.com/GarrettHarper_ Follow Lightspeed: https://twitter.com/Lightspeedpodhq Subscribe on YouTube: https://bit.ly/43o3Syk Subscribe on Apple: https://apple.co/3OhiXgV Subscribe on Spotify: https://spoti.fi/3OkF7PD Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ - - Resources Pyth Network https://twitter.com/PythNetwork Douro Labs https://twitter.com/DouroLabs - - Disclaimers: Lightspeed was kickstarted by a grant from the Solana Foundation. Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mert, Garrett and our guests may hold positions in the companies, funds, or projects discussed.
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How Pyth Propogates Financial Data At The Speed of Light | Mike Cahill
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