Hassan Maishera
On Tuesday, the Pyth Network announced via X that the Pyth Price Feeds now powers Fluid Protocol. Fluid Protocol is an over-collateralized, decentralized borrowing platform on Fuel Network, enabling users to unlock liquidity by borrowing $USDF against $ETH and staked derivatives without selling their collateral.
By integrating Pyth Price Feeds, Fluid ensures accurate and reliable pricing data, strengthening our decentralized borrowing system within the Fuel ecosystem.
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 5.7% in the last 24 hours and currently trades at $0.4200 per coin.
