Eric money 🔮 retweeted
Time to join zkLink's quest campaign on @IntractCampaign!
✍️ Follow us on Twitter, join our Discord, and learn about the zkLink Pioneer Program.
🎁 Earn zkLink loyalty points for future rewards and mint your zkLink Pioneer NFTs on @LineaBuild.
Don't miss out on this Web3 adventure 👇
go.zk.link/campaign-intract
Eric money 🔮 retweeted
Today, we're thrilled to welcome the renowned @Galxe into the Starknet ecosystem 🪐
To celebrate, we are participating in their Starknet Takeover campaign, allowing you to claim a special Galxe x AVNU NFT 🔥
In just 5 minutes, here is what you need to do 👇
Eric money 🔮 retweeted
We're thrilled to announce our participation in the Starknet Takeover on @Galxe
Earn a special Starknet ID X Galxe NFT👇
galxe.com/starknetid/campaig…
Let's rule the @PythNetwork together🔮
Governance will happen soon, #ItWillHappen very soon 😍
I'm binding my Twitter account to my Web3 Profile on @DeBankDeFi
debank.com/profile/0xfde6b07…
0xfde6b071a9ada80147b69119736c127efa3c4a14
#DeBank
Eric money 🔮 retweeted
#PythDYK : In ancient Delphi, different oracles were used for communicating with gods, including divination from non-living things like trees
However, these only provided binary yes/no responses. Pythia was more complex and could provide detailed wisdom
Pyth Network is able to deliver real-time prices in volatile real-time 24/7 markets with a confidence interval. We think the Pythia would be proud
Eric money 🔮 retweeted
Did you know you can earn Mainnet $QUAI tokens by participating in the Quai Network @Galxe space?
Read the details of the Galxe Rewards Program in the Quai blog👇
qu.ai/blog/quai-network-galx…
🔍While looking for more info about @PythNetwork🔮on their website, I discovered my favorite platform @tradingview was working with my favorite oracle !
I didn’t even know it ! Crypto is full of surprise 😍
You don't know what @tradingview is ? ⬇️
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Basically, let's imagine you want to check the chart of an asset, you can go straight to @tradingview because you'll find it there 💹
Moreover, you can manage charts with a lot of tools and find many interesting analysis about every existing assets 📰
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If you are also wondering if your favorite application is #PoweredByPyth, discover it on Pyth website ⬇️
pyth.network/consumers
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I saw a lot of misunderstanding about @PythNetwork 🔮last few weeks, here some of the main misconceptions I saw 😵
1⃣Pull model is the same than Push model ⇒ ❎
Pull model allows protocols to get data permisionneless and at low frequency (= means that it is very fast ⚡️)
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4⃣Wormhole has already been hacked, it will happen again ⇒ ❎
Unhappily a lot of projects can/will suffer hacks, however there are not so many projects that did as many audits as Wormhole 🔐
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5⃣@PythNetwork is a centralized entity ⇒ ✅
It’s currently centralized, however it will move to a permissionless mainnet governed by a token this year ! It’s still time to join Discord and participate to shape Pyth future 🤓
6⃣@PythNetwork is great ⇒ ❎
It's AMAZING 🚀
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Eric money 🔮 retweeted
Legacy oracles’ solutions are not scalable.
They periodically push prices to every chain. This is expensive!
Let’s say you want to deliver many different price feeds to each chain. All of those transactions have a cost (gas). Even worse, you need to constantly push these price feeds to meet customer demand.
That becomes extremely expensive. What this means is you have to make sacrifices in your product. You either restrict the number of price feeds you offer, or you lower the update frequency, or choose not to support some chains.
Either option means your product is suboptimal.
So @pythnetwork came up with a better solution: the pull oracle. Stream signed prices off-chain that can be verified on-chain. Anyone can permissionlessly pull a Pyth price on-chain when they need it. No gas fees for Pyth, so the protocol is more scalable than legacy oracle solutions.
Just look at the numbers:
Chainlink: Price feeds update based on “trigger parameters” that can be anywhere from 15 minutes to hours! This is for up to 175 assets across 16 chains, but support depends on your chain. More feeds on Ethereum mainnet, less on smaller chains.
Pyth Network: Price feeds update every 400 milliseconds for 300 assets across 30 chains.
Eric money 🔮 retweeted
@osmosis cheap tx cost allows dApps to leverage the power of #Pyth data
Ask @mars_protocol and @Levana_protocol who can do more than 8K price updates per day
#PoweredByPyth
Eric money 🔮 retweeted
Are you feeling optimistic?
42% of Optimism’s TVS (total value secured) is #PoweredByPyth
This is Ethereum, scaled.
🔮Exploring @PythNetwork Discord community is like stepping into a hub of innovation and knowledge sharing 😎
#ItWillHappen
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