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Capybara Leverages Pyth Network’s Price Feeds

• Published 1 year ago on October 23, 2024 •

Hassan Maishera

Pyth Price Feeds is now powering Capybara, a capital-efficient, low-slippage, single-sided DEX on Kaia focused on capital efficiency and community.

On Tuesday, the Pyth Network announced via X that Pyth Price Feeds is now powering Capybara, a capital-efficient, low-slippage, single-sided DEX on Kaia focused on capital efficiency and community.

Capybara Exchange leverages Price Feeds for all their markets and has integrated Pyth’s Entropy, a Random Number Generator, to ensure secure on-chain operations for its Capybara Raffle.

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 3% in the last 24 hours and currently trades at $0.3403 per coin.

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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.

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