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Pyth Network’s Pyth Data Now Powers Aqua

Twitter icon  •  Published 1 week ago  •  Hassan Maishera

The Pyth Network announced via X on Monday that its Pyth Data now powers Native’s Aqua.

The Pyth Network announced via X on Monday that its Pyth Data now powers Native’s Aqua. Native is a liquidity solution that combines bridges, assets, and pricing into one place. Aqua facilitates credit-based trading by allowing market makers to leverage chain-agnostic funds in Aqua's liquidity pool.

Aqua leverages Pyth Data for two critical actions within their dApp. It uses the feature to check whether the PMM pricing provided by market makers has deviated significantly from the market price and to liquidate positions for both the retail user & market maker.

Pyth Network is an innovative decentralized oracle that sources financial market data from over 90 first-party publishers, including major exchanges and market-making firms worldwide. PYTH is down by 1% in the last 24 hours and is currently trading at $0.6780 per coin.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.