Pyth Network has welcomed Aleno to its community of data providers, enhancing the security of the Pyth price oracle with high-quality proprietary data. Aleno is a DeFi-native service provider based in Paris. It accommodates asset managers, treasury managers, on-chain companies, and institutions. This strategic addition aims to offer precise institutional-quality data to Pyth Price Feeds. Moreover, it will benefit over 65 blockchain ecosystems by providing a more secure and efficient DeFi experience.
Pyth Network Integrates Aleno’s Detailed Market Data
Aleno achieves real on-chain prices by incorporating detailed market data from live PDV markets. Aleno’s price data are then combined with data from up to 63 other sources for each feed in the Pyth Network. It leads to a reliable combined price stream that can be used to run intelligent contracts. The contribution of Aleno helps Pyth Network’s capability to provide more than 540 real-time price data feeds for various DeFi use-cases across different ecosystems. These ecosystems include EVM, Move, Bitcoin, Cosmos, and Solana.
Antoine Vales is the Co-founder and CEO of Aleno. He is pleased with the result of the partnership. He also mentioned that Pyth is very responsive and careful. He said that giving on-chain prices are just the first step. He further added that Aleno is keen on helping Pyth to advance further and to have more on-chain needs.
Partnership Boosts Pyth Price Oracle’s Accuracy and Credibility
This flexibility of prices of offerings by Aleno making Pyth Network position to meet needs of new users and smart contract developers. The partnership also shows Aleno’s willingness and effort in improving DeFi experience.
First, it focused on working with skilled asset managers to build high-quality products. Such solutions include a wallet data product for Kaiko and alerting tools for decentralized finance asset managers. The rating of services offered by Aleno has been beneficial in providing services for DeFi asset managers and treasury managers.
Ultimately, this partnership increases the usability, the accuracy of the Pyth price oracle. In addition to this, it also strengthens the credibility of the data. Such partnerships are crucial as DeFi expands, to ensure that emerging applications are effective and free from vulnerabilities in the world of Web3.
