Oracles: Does the Backbone of DeFi Need Fixing? - Ep. 537

This podcast episode delves into the paradigm shift in crypto ecosystems brought about by decentralized interactive brokers and the emergence of Pyth Network and Douro Labs. Pyth addresses the oracle problem in crypto ecosystems by providing low-latency and paid market data from inclusive data sources, incentivising data accuracy and reliability. As a leading oracle network, Pyth has gained significant traction in the DeFi space, powering various applications including lending, trading, and derivatives. With plans for decentralization and governance, Pyth Network aims to be the central hub for all the world's financial data, shaping the future of DeFi by making it more accessible, efficient, and transparent.