Hassan Maishera
HBAR Foundation, the development team behind the Hedera blockchain, announced via a blog post on Monday that the Pyth Price Feeds are now available to all Hedera developers.
DeFi developers now have permissionless access to 400+ financial data feeds to utilize in smart contract applications, empowering community builders to create the next generation of DLT-enhanced financial services.
The HBAR Foundation added that integrating Pyth’s innovative tech stack is a direct countermeasure to bad data as it helps to ensure that Hedera network DeFi apps are built on sound foundations that everyone can trust.
Hedera Hashgraph is a distributed public ledger infrastructure. According to the team, it offers significant improvements over existing blockchains in five areas: performance, security, governance, stability, and regulatory compliance. HBAR is trading at $0.1107 at press time, up by 4% over the last 24 hours.
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 up by 33% in the last 24 hours and is currently trading at $0.7467 per coin.
