Keyrock Trading Joins Pyth Network as New Data Provider

Today, the Pyth Network welcomes Keyrock to its data provider community, enhancing the oracle network’s capabilities for powering hundreds of DeFi applications across more than 60 blockchains.

Keyrock, a leading algorithmic trading and market-making firm for digital assets, has been at the forefront of pricing assets and scaling liquidity since 2017. Their extensive experience and technical expertise will bolster Pyth’s Price Feeds offering, ensuring a more secure and efficient DeFi ecosystem.

Expanding On-Chain Participation

In this partnership, Keyrock will contribute proprietary market data for cryptocurrencies, foreign exchange pairs, commodities, and US equities to the Pyth oracle. The Pyth Network aggregates data from up to 63 other first-party providers, producing a robust and reliable price feed that supports smart contract operations. This comprehensive price data serves DeFi applications across various ecosystems, including EVM, Cosmos, Move, Bitcoin, and Solana.

By integrating with Pyth, Keyrock enhances its on-chain presence in the decentralized finance space at minimal cost and risk. Additionally, this collaboration allows Keyrock to monetize the data they generate through their daily operations, further incentivizing their participation.
“By joining forces with Pyth Network, we can revolutionize on-chain price feeds, enhancing decentralization and security on a global scale. DeFi stands to benefit from the type of data that only an active and experienced market player like Keyrock can deliver.”

Juan David Mendieta, CSO of Keyrock
“We’re excited to help push the envelope for DeFi and close the gap between the traditional, centralized markets and the decentralized ones,” added Juan David Mendieta, CSO of Keyrock.

See also  FluxOS 5.14.0 Launches with Major Enhancements — Here’s What You Need to Know

About Keyrock

Founded in Belgium in 2017, Keyrock specializes in scalable, self-adaptive algorithmic technologies to support efficient asset markets. The company provides exceptional liquidity services to tokens, exchanges, and brokerages within the cryptocurrency ecosystem. With connections across over 85 trading venues, including centralized and decentralized exchanges, Keyrock excels in collecting pricing data at scale. Their mission is to democratize cryptocurrency liquidity through transparency, operational integrity, and regulatory compliance.

Source link