Oracles are all about bringing important data (mostly asset prices) onto the blockchain. As such, they’re a key part of decentralized finance. But oracle provider Pyth sees room for improvement as it relates to being more real-time than crypto incumbents like Chainlink. Mike Cahill, the CEO of a brand new Pyth-linked firm called Douro Labs, joins the show to explain the opportunity he sees in building better oracles.
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.
Show highlights:

how Pyth Network works and what the upcoming Perseus upgrade consists of

Mike’s background in traditional finance

why oracles are necessary in crypto and what the challenges are for oracle providers

whether it’s hard for traditional institutions to participate in crypto protocols

what the four types of oracle solutions are and how they differ

how Pyth determines which data providers are allowed in the network and how that will change if it becomes more decentralized

why Mike compares the scalability of Pyth to how Facebook grew

why Douro Labs is being launched and why it will be solely focused on Pyth for now

the factors driving Pyth’s growth, according to Mike

Mike’s opinion on the current state of the crypto market and what the endgame is for Pyth

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Guest:

Mike Cahill, CEO at Douro Labs.
Links

What’s the Difference Between Pyth and Legacy Oracles

Unchained: 

What Are Blockchain Oracles?


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