Hassan Maishera
On Monday, the Pyth Network announced via X that the Pyth x Optimism Rebate Program is now live. Thanks to this latest development, Oracle price updates on OP Mainnet are now free, making it easier and more cost-effective than ever to integrate reliable, real-time data into your protocol.
rant program supports DeFi builders by tackling challenges like high operational costs that slow down innovation. Protocols like Synthetix, Polynomial, Pika Protocol, and Overtime Markets have already opted in and will soon receive $OP incentives.
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 1% in the last 24 hours and currently trades at $0.3163 per coin.
Optimism’s main utility is to batch transactions on the Optimism network. Optimism allows users to enjoy lower gas fees on their transactions executed on the Optimism network through optimistic roll-up technology. OP is trading at $1.746, up 1% in the last 24 hours.
