In this episode Jason and Santi are joined by Mike Cahill, CEO of Duro Labs and contributor at Pyth Network, an oracle that publishes financial market data to multiple blockchains. The conversation delves into how Pyth Network addresses failings in both the current Oracle system in crypto and the traditional capital markets. Cahill discusses how the network has evolved, its present accomplishments, the benefits of their governance token, and their approach to rewards. To close out Mike outlines potential future developments and the network's greater aim of inviting widespread participation in its open-source projects.

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Join us at DAS (Digital Asset Summit) in London this March! DAS is the #1 institutional conference in crypto, hosted by Blockworks.

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Timestamps:
00:00 The Market Data Monopoly
09:13 The Oracle Problem
21:19 Origins of Pyth
30:40 The Business Model & Revenue
40:21 DAS 2024
41:36 Toku Ad
41:56 The Role of PYTH Token
55:21 Reward Mechanism for Pyth Network

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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.