Pyth Network Integrates Aleno\'s Detailed Market Data to Enhance the Security of Its Price Oracle

Pyth Network has welcomed Aleno to its community of data providers, enhancing the security of the Pyth price oracle with high-quality proprietary data.

Pyth Network has welcomed a new data provider to its community, enhancing the security of the Pyth price oracle with high-quality proprietary data.

The latest addition to the Pyth Network is Aleno, a DeFi-native service provider based in Paris. It caters to asset managers, treasury managers, on-chain companies, and institutions. The strategic addition aims to offer precise institutional-quality data to Pyth Price Feeds, which will benefit over 65 blockchain ecosystems with a more secure and efficient DeFi experience.

Pyth Network Integrates Aleno’s Detailed Market Data

Aleno achieves real on-chain prices by integrating detailed market data from live PDV markets. Aleno’s price data is then combined with data from up to 63 other sources for each feed in the Pyth Network, resulting in a reliable combined price stream that can be used to trigger smart contracts.

Aleno’s contribution helps bolster Pyth Network’s capability to provide over 540 real-time price data feeds for various DeFi use-cases across different ecosystems, including EVM, Move, Bitcoin, Cosmos, and Solana.

Commenting on the partnership, Antoine Vales, Co-founder and CEO of Aleno, said:

“We are excited to partner with Pyth and contribute our market data to their price oracle. We believe that this partnership will play a key role in improving the DeFi experience and making on-chain prices more precise, granular, and trustworthy.”

Partnership Boosts Pyth Price Oracle’s Accuracy, Credibility

The flexibility of price offerings by Aleno enables Pyth Network to cater to the needs of new users and smart contract developers. The partnership also showcases Aleno’s commitment to enhancing the DeFi experience.

Starting off by working with skilled asset managers to build high-quality products, such as a wallet data product for Kaiko and alerting tools for decentralized finance asset managers, Aleno’s rating of services has been instrumental in catering to DeFi asset managers and treasury managers.

Ultimately, this partnership enhances the usability and accuracy of the Pyth price oracle, while also boosting the credibility of the data. Such partnerships are vital as DeFi expands to ensure that emerging applications are efficient and vulnerable in the Web3 world.

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