Oracle solution Pyth Network has launched Express Relay, designed to connect leading trading firms to DeFi protocols.
Pyth Network, a provider of real-time market data for onchain applications, has launched Express Relay on mainnet, showcased by Douro Labs and Pyth Data Association at EthCC in Brussels on Thursday.
Express Relay works by connecting DeFi protocols to a network of searchers through protocol-controlled auctions for valuable transactions like liquidations. It claims to enable protocols to eliminate MEV, significantly reducing the cost of critical operations such as liquidation rewards , the team explained in a statement shared with The Block.
Express Relay aggregates liquidation and other DeFi transaction opportunities across multiple protocols and blockchains for searchers, eliminating the time and costs of negotiating and integrating with individual protocols to gain access to such opportunities, the team added.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Towards wider 5G network coverage: Novel wirelessly powered relay transceiverA novel 256-element wirelessly powered transceiver array for non-line-of-sight 5G communication, featuring efficient wireless power transmission and high-power conversion efficiency, has been designed.
Read more »
Your Network, Your Net Worth: 3 Tips to Network BetterSo, here's the playbook I developed to network better: (1) Become a Talent Scout, (2) Curate Your Personal Board of Directors, and (3) Become a 'Reverse Mentor.
Read more »
IOTA EVM Enhances DeFi With Pyth Price FeedsPyth Price Feeds have been deployed on IOTA EVM, providing real-time data for smart contract developers
Read more »
2024 Anchorage Mayor’s Marathon resultsFull results from the marathon, half marathon, relay and Solstice Classic.
Read more »
College comeback leads to Olympic dreams for 400-meter relay standout Kendall EllisType some combination of the words “greatest” “track” and “comebacks” into the browser and, even to this day, a video from the 2018 NCAA championships will come up on the first screen. That video starts with Kendall Ellis of USC nearly dropping the baton at the start of the anchor lap of the women’s 4x400.
Read more »
Fastest teenager in the country finishes fifth at Olympic trials before making relay pool cutTeam USA takes the top three finishers in the 100-meter sprint as automatic qualifiers, but the Olympic dream is still alive and well for Christian Miller.
Read more »