The oracle has spoken: Pyth is not a myth

Cryptocurrencies are volatile and not regulated or protected by investor compensation schemes – value can go down or up. Trading may be subject to tax.

Meet Pyth, an oracle network that links blockchains with real-time global data. By addressing the oracle problem, Pyth provides market information and creates new revenue opportunities for data providers. Read on to find out more.

Addressing the oracle problem

Decentralised finance often relies on external market data, which is unavailable without external input. This issue, known as the oracle problem, is resolved by Pyth, which connects blockchain applications with real-time data from global sources.

Striving for high-quality data

Pyth has just launched Oracle Integrity Staking, a new system that motivates data providers to deliver top-notch price data and protects the applications and users that depend on it. Dive into the details in our latest course.

Go back to basics

Keep building your knowledge with our Crypto Basics lesson. Our short lessons cut through the jargon and make crypto easier to understand, even if you’re a total newbie.

Ready to start learning?

• Make sure you’ve got the latest version of the app
• Tap Crypto in the bottom menu → Discover → scroll to Learn
• Choose your course
• Take the quiz to test your new knowledge

Rewards are not available to UK customers.

Decentralised Finance (DeFi) tokens risks:
• Smart contract risk: weaknesses in contracts, like bugs, can lead to significant losses
• Scam risk: tokens may be created by groups who have no intention of developing the project, resulting in investors losing all funds
• Data risk: some DeFi businesses may rely on third-party data sources, which could be vulnerable to hacks or disruption, causing loss in value
• Protocol complexity: DeFi protocols can be extremely complex to understand, which makes it more difficult to make informed decisions

Take time to educate yourself. These token-specific risks are additional to the general risks of cryptoassets. Learn more about the risks.