Mike Cahill joins us to discuss how oracles have become the linchpin of crypto. Mike is a core contributor to Pyth, a highly optimized oracle network integrated with 50+ chains and over 300 apps. In this episode, we cover crypto's oracle problem, why Pyth launched an SVM appchain, how Pyth ensures high-quality publishers, Pyth's Wormhole integration, how to monetize financial data, the RWA opportunity, where Chainlink went wrong and more!
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(00:00) Introduction
(01:07) The Value of Financial Market Data
(06:04) Oracles: The Linchpin of Crypto
(08:21) Why Pyth Launched an SVM Appchain
(13:28) Permissionless Integrations
(15:23) DAS London Plug
(16:20) Data Publishers: Quality Control and Incentives
(20:43) Pyth’s Airdrop and Governance
(25:15) Liveness Concerns
(28:05) Economics and Trust Minimization
(36:23) The RWA Opportunity
(46:05) Where Chainlink Went Wrong
(51:41) Evaluating Crypto’s Ecosystems
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Resources
Pyth Network
https://twitter.com/PythNetwork
Douro Labs
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Disclaimers:
Lightspeed was kickstarted by a grant from the Solana Foundation.
Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mert, Garrett and our guests may hold positions in the companies, funds, or projects discussed.