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.