latency during vol is where feeds actually get stress-tested. pyth stays tight exactly when markets go wild
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Financial markets are gradually switching to 24/7 mode, but without accurate and independent price data, this creates risks for asset valuations and liquidations.
@PythNetwork Indices solves this problem: after launching 24/5 feeds for US stocks, the company is moving towards round the clock pricing for major markets.
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24/7 markets are not a dream
There is no liquidity in the market, but the @PythNetwork team sees opportunities => Pyth Indices has launched its own line of proprietary Indices that work 24 hours a day, 7 days a week.
First major solution that provides continuous pricing at the institutional level for oil, US stocks, metals and thematic baskets.
What is already available
1)Oil
WTI and Brent
2)US stocks
NVDA, TSLA, AAPL, MSFT, GOOGL, INTC, HOOD, MSTR, CRCL
3)Metals
Gold and Silver
4)Themed baskets (in collaboration with MarketVector)
AI10, Defense10, China10, Tech100
@PythNetwork has teamed up with MarketVector Indices from the VanEck group to create themed shopping carts.
MarketVector provides methodology and oversight, while Pyth provides data and pricing 24/7.
Who is already using it in production
It's just that starting the system is not as important as the usefulness of the product, for example, you can launch something but no one needs it.
@PythNetwork works closely with major players and many prominent crypto projects/corporations are already using Pyth indices.
1)Coinbase
themed stock futures (AI10, Defense10 and others)
2)Kraken
Oil commodities and derivatives
3)dYdX
perp contracts for the 24/7 oil indices
4)Nado
continuous oil pricing by spot, margin and perps
When such platforms launch products based on a new solution on the day of release, this is a strong signal.
Jun 10
🧨 BREAKING: Introducing Pyth Indices.
Proprietary 24/7 indices across U.S. equities, oil, metals, and thematic baskets co-developed with @MarketVector.
Launched in collaboration with include @coinbase, @krakenfx, @nadoHQ, and @dYdX. 🧵
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24/7 pricing for assets that already trade 24/7 is a gap that should have been closed a long time ago
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