Pyth Network：为 DeFi 应用提供准确可靠的市场数据

去中心化金融（DeFi）直接向客户提供金融服务的能力具有革命性的潜力。通过提供可靠的

The ability of decentralized finance (DeFi) to provide financial services directly to customers has revolutionary potential. However, the success of DeFi in the meantime depends on accurate and consistent data transfers.

去中心化金融（DeFi）直接向客户提供金融服务的能力具有革命性的潜力。然而，DeFi 的成功同时取决于准确和一致的数据传输。

A protocol called Pyth Network aims to become a key platform for DeFi by providing dependable, low-latency pricing feeds on-chain, hence enhancing the functionality and reliability of DeFi applications.

名为 Pyth Network 的协议旨在通过提供可靠、低延迟的链上定价信息，从而增强 DeFi 应用程序的功能和可靠性，成为 DeFi 的关键平台。

Oracles in DeFi: A Deeper Look

DeFi 中的预言机：深入探讨

Oracles are necessary for DeFi (Decentralized Finance) as trustworthy data sources as they allow blockchain smart contracts to operate with up-to-date market data. In the lack of oracles, DeFi apps would be limited in their capabilities to using just on-chain data.

对于 DeFi（去中心化金融）来说，预言机作为值得信赖的数据源是必要的，因为它们允许区块链智能合约使用最新的市场数据进行操作。由于缺乏预言机，DeFi 应用程序的能力将受到限制，只能使用链上数据。

When DeFi functions without reliable oracles, several problems arise. One major issue is incorrect pricing. Accurate asset evaluations are crucial for lending, borrowing, trading, and derivatives as they directly impact financial outcomes. Inaccurate price feeds can lead to substantial losses.

当 DeFi 在没有可靠预言机的情况下运行时，会出现一些问题。一个主要问题是定价不正确。准确的资产评估对于借贷、交易和衍生品至关重要，因为它们直接影响财务结果。不准确的价格反馈可能会导致重大损失。

Another problem is security risks. The dependability of data streams makes DeFi systems manipulable. By exploiting these weaknesses, bad actors can manipulate prices and conduct fraudulent transactions, compromising the system's integrity.

另一个问题是安全风险。数据流的可靠性使得 DeFi 系统具有可操作性。通过利用这些弱点，不良行为者可以操纵价格并进行欺诈性交易，从而损害系统的完整性。

Latency is also rather crucial. Delays in data transfer can cause missed chances and poor decision-making in DeFi protocols. For maximum performance, real-time data is needed by DeFi applications.

延迟也相当重要。数据传输延迟可能会导致 DeFi 协议错失机会和做出糟糕的决策。为了获得最佳性能，DeFi 应用程序需要实时数据。

Oracles are critical to DeFi because they provide data accuracy, enhance security, and lower latency—all required for decentralized financial systems' smooth and efficient operation.

预言机对于 DeFi 至关重要，因为它们提供数据准确性、增强安全性并降低延迟——所有这些都是去中心化金融系统平稳高效运行所必需的。

Introducing Pyth Network

Pyth 网络简介

An oracle protocol called Pyth Network connects market data owners with applications on multiple blockchains. It provides reliable, high-quality, and low-latency data feeds essential for DeFi applications.

名为 Pyth Network 的预言机协议将市场数据所有者与多个区块链上的应用程序连接起来。它提供 DeFi 应用程序所必需的可靠、高质量和低延迟的数据源。

Major exchanges and market-making firms make up the almost 100 market data sources that comprise Pyth Network. Comprehensive and reliable data are ensured in this manner. Pyth Network is widely known in the DeFi market, with over 350 protocols dispersed across over 55 blockchains.

主要交易所和做市公司构成了 Pyth Network 的近 100 个市场数据源。以这种方式确保了全面且可靠的数据。 Pyth Network 在 DeFi 市场广为人知，拥有超过 350 个协议，分布在超过 55 个区块链上。

Developers have access to a variety of useful tools thanks to Pyth Network. Price Feeds service prices over 500 assets in real time, ensuring that DeFi applications can access precise market data.

借助 Pyth Network，开发人员可以使用各种有用的工具。 Price Feeds 服务对 500 多种资产进行实时定价，确保 DeFi 应用能够获取精准的市场数据。

Benchmarks, which provides historical price data for both on-chain and off-chain use, is helpful for settlement and research activities. Additionally, Entropy generates secure random numbers on the blockchain for applications that need certified unpredictability.

基准为链上和链下使用提供历史价格数据，有助于结算和研究活动。此外，熵在区块链上为需要经过认证的不可预测性的应用程序生成安全随机数。

Pyth Network's broad developer product range and robust network of data providers might make it crucial to DeFi for trustworthy market data.

Pyth Network 广泛的开发人员产品范围和强大的数据提供商网络可能使其对于 DeFi 来说至关重要，以获取值得信赖的市场数据。

The Mechanics of Pyth Network

Pyth 网络的机制

Pyth Network connects blockchain-based Oracle software, data suppliers, and applications that utilize its price information. For many assets, real-time market data is provided by more than 100 organizations, including big exchanges and market-making firms. Multiple providers ensure reliable and solid data, which reduces the likelihood of errors and manipulation.

Pyth Network 连接基于区块链的 Oracle 软件、数据供应商和利用其价格信息的应用程序。对于许多资产来说，实时市场数据由 100 多个组织提供，包括大型交易所和做市公司。多个提供商可确保数据可靠、可靠，从而减少错误和操纵的可能性。

The central Oracle software of Pyth's processes and gathers data from many vendors. It calculates a confidence interval to illustrate the reliability of the information and combines the pricing inputs into a single price for each asset using a sophisticated algorithm. Blockchain verification of this process ensures its transparency.

Pyth 的核心 Oracle 软件处理并收集来自许多供应商的数据。它计算置信区间以说明信息的可靠性，并使用复杂的算法将定价输入合并为每种资产的单一价格。该过程的区块链验证确保了其透明度。

Pyth price feeds are used by applications that access exact, real-time data for lending, borrowing, trading, and derivatives. They get the data on chain as needed to ensure its currentness and lessen latency issues. This on-demand approach supports quickly evolving marketplaces where instantaneous data is crucial.

Pyth 喂价供访问准确、实时的贷款、借贷、交易和衍生品数据的应用程序使用。他们根据需要获取链上数据，以确保其最新性并减少延迟问题。这种按需方法支持快速发展的市场，其中即时数据至关重要。

Pyth Network relies on reliable on-chain Oracle software, reliable data providers, and easy application interaction to ensure that DeFi applications operate with maximum accuracy, security, and efficiency. It is partly for this that decentralized finance is expanding and reliable.

Pyth Network 依靠可靠的链上 Oracle 软件、可靠的数据提供商和简单的应用程序交互来确保 DeFi 应用程序以最大的准确性、安全性和效率运行。部分原因是去中心化金融正在扩大且可靠。

Pyth's Contribution to the DeFi Ecosystem

Pyth 对 DeFi 生态系统的贡献

By offering accurate and trustworthy price feeds, Pyth Network enhances DeFi applications, enabling these systems to operate with great confidence in their financial data.

通过提供准确且值得信赖的价格反馈，Pyth Network 增强了 DeFi 应用程序，使这些系统能够对其财务数据充满信心地运行。

Transaction integrity has to be maintained, financial inequalities have to be prevented, and reliable price feeds have to guard against abuse caused by false data. The trust this reliability creates between developers and customers will determine how DeFi solutions are developed and used.

必须维护交易完整性，必须防止金融不平等，可靠的价格信息必须防止虚假数据造成的滥用。这种可靠性在开发者和客户之间建立的信任将决定 DeFi 解决方案的开发和使用方式。

It is clear from the fact that Pyth Network is used by over 350 protocols and is linked to more than 55 blockchain ecosystems how much various DeFi platforms rely on its data. Pyth supports several blockchains so that many applications and users may access its great data. This compatibility will allow Pyth's reliable data to be used by numerous DeFi protocols, hence enhancing their security and use.

从 Pyth Network 被超过 350 个协议使用并与超过 55 个区块链生态系统相连的事实可以清楚地看出，各种 DeFi 平台对它的数据的依赖程度。 Pyth 支持多个区块链，以便许多应用程序和用户可以访问其大量数据。这种兼容性将使 Pyth 的可靠数据能够被众多 DeFi 协议使用，从而增强其安全性和使用性。

With over 450 price feeds covering a wide variety of financial assets, including US equities, commodities and cryptocurrencies, Pyth Network meets the many needs of the DeFi ecosystem. Because of precise, real-time price information, DeFi systems can provide sophisticated and reliable financial services for trading, lending, and derivatives. This wide asset coverage not only satisfies a variety of consumer needs but also enables DeFi to develop innovative financial solutions.

Pyth Network 拥有超过 450 个价格源，涵盖多种金融资产，包括美国股票、大宗商品和加密货币，满足 DeFi 生态系统的众多需求。由于精确、实时的价格信息，DeFi 系统可以为交易、借贷和衍生品提供成熟可靠的金融服务。这种广泛的资产覆盖不仅满足了多样化的消费者需求，也使 DeFi 能够开发出创新的金融解决方案。

The accurate

准确的