What if you could get rewarded for protecting DeFi?

Enter Oracle Integrity Staking (OIS)—an upgrade to Pyth bringing enhanced data source accountability for a more secure DeFi ecosystem.

OIS brings decentralized staking rewards and slashing mechanisms to Pyth Network.

How it Works | Publishers 🏛

OIS enables publishers to stake PYTH to become eligible for on-chain rewards.

Publishers will programmatically receive rewards for contributing high quality data. If they provide faulty data, a portion of their stake will be slashed as a penalty. The Pyth DAO can vote on what to do with slashed amounts.

How it Works | PYTH Stakers 🔮

PYTH stakers can delegate their stakes to Pyth publishers to enhance those publisher’s potential rewards for providing high quality data.

This contribution strengthens the resilience and security of Pyth Price Feeds. Stakers are programmatically rewarded for helping secure the oracle.

In the event that published data fails to meet standards, the responsible publisher and stakers supporting them can face slashing.

This shared responsibility model encourages careful evaluation of publishers, promoting a culture of accountability throughout the network.

How it Works | Pyth DAO 🔮

The Pyth DAO is responsible for overseeing critical updates to OIS, including key parameters of the staking and slashing mechanisms.

The DAO can also vote on additional reward sources, such as on-chain revenue generated by the Pyth oracle. Join the discussion on the Pyth DAO forum.

Get Started Today 🫡

Help secure the oracle and protect DeFi by visiting the Pyth Staking Dashboard and selecting Oracle Integrity Staking (OIS):

Pyth Staking Dashboard: https://staking.pyth.network

Official Announcement: https://pyth.network/blog/oracle-integrity-staking-incentivizing-safer-price-feeds-for-a-more-secure-defi

Today, Google Cloud, Soneium, and Pyth Network contributor Mike Cahill took the stage at TOKEN2049.

Their discussion focused on the future of decentralized finance and what it really means to push the envelope on how we exchange, hedge, and transfer value.

Part of that mission is unlocking high-frequency price data from those who actually create and own that data.

Only Pyth specializes in this industry critical service:

https://x.com/PythNetwork/status/1836593197377818648

We’re live with Nika Labs and Monad!

Join us for an AMA exploring the intersection of scalable infrastructure, real-world data and Web3 gaming.

Learn how to create immersive, scalable gaming environments that enhance sustainable gameplay!

https://x.com/i/spaces/1BRJjwopQnaxw

Let’s talk about Solana Actions and Blinks!

Join our community space with Pythian Eileen and Nick Frosty from Solana.

LIVE: https://x.com/i/spaces/1zqKVqjqPbDxB

It’s time to take back control ?****

See you at Pyth Agora 2024 at EthCC in Brussels

https://x.com/PythNetwork/status/1807791292501422175