What if you could get rewarded for protecting DeFi? Enter Oracle Integrity Staking (OIS)—an upgrade to Pyth bringing enhanced data source accountability for a more secure DeFi ecosystem. OIS brings on-chain staking rewards and slashing mechanisms to the network. Learn more ⬇️

2/ Pyth is designed to bridge the gap between traditional and on-chain finance. To achieve this, blockchain developers need reliable, accurate, and powerful data on par with or even better than Web2. The launch of Pyth Price Feeds in 2021 was a major step towards this goal. Today, OIS allows developers and the wider Pyth ecosystem to join the mission too. Get started:

3/ Here’s how it works: OIS allows anyone to help secure Pyth and protect the DeFi ecosystem. The program introduces decentralized staking rewards and slashing mechanisms to incentivize publishers and PYTH holders to stake to help secure the oracle.

4/ OIS enables publishers to stake PYTH to become eligible for on-chain rewards. Publishers will programmatically receive rewards for contributing high-quality data. If they provide faulty data, a portion of their stake will be slashed as a penalty. The Pyth DAO can vote on what to do with slashed amounts.

5/ PYTH stakers can delegate their stakes to Pyth publishers to enhance those publisher’s potential rewards for providing high-quality data. This contribution strengthens the resilience and security of Pyth Price Feeds. Stakers are programmatically rewarded for helping secure the oracle.

6/ In the event that published data fails to meet standards, the responsible publisher and stakers supporting them can face slashing. This shared responsibility model encourages careful evaluation of publishers, promoting a culture of accountability throughout the network.

7/ The Pyth DAO is responsible for overseeing critical updates to OIS, including key parameters of the staking and slashing mechanisms. The DAO can also vote on additional reward sources, such as on-chain revenue generated by the Pyth oracle. Join the discussion on the Pyth DAO forum.

8/ You can get started today. Help secure the oracle and protect DeFi by visiting the Pyth Staking Dashboard and selecting Oracle Integrity Staking (OIS):

9/ Oracle Integrity Staking is live today and covers all of Pyth’s 500+ real-time price feeds. OIS introduces a new paradigm for the oracle space—one that actively prioritizes data source accountability and protection across the entire oracle’s data feeds offering, setting a higher industry standard for price oracles.

10/ Thank you to the DeFi leaders and builders who have supported this launch and the greater mission of Pyth Network. @KaminoFinance, @SynFuturesDefi, @DriftProtocol, @synthetix_io, @save_finance, @suilendprotocol, @ZetaMarkets, @tradeparadex, @HMXorg, @zerolendxyz, @PolynomialFi, @RainFi_, @vela_exchange, @ionicmoney, @perenniallabs and many more.

11/ OIS is supported by some of the largest names in TradFi, CeFi, and DeFi. Thank you to all of the Pyth Network publishers who have supported OIS and helped make today’s launch possible: @KronosResearch, @ambergroup_io, @KeyrockTrading, @xbtogroup, @flowdesk_co, @SeliniCapital, @caladanxyz, @TokkaLabs, @cmsholdings, @wintermute_t, @FlowTraders, and many more.

@caladanxyz @TokkaLabs @cmsholdings @wintermute_t 12/ Learn how you can get involved in Oracle Integrity Staking and get rewarded for helping secure the oracle and protecting DeFi:

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