Pyth Integration

Siren uses Pyth Network as an integrated data provider, which significantly enhances the quality and reliability of data available to our protocol.

Why Pyth?

Pyth Network is renowned for delivering reliable, real-time asset prices across multiple blockchains.

By integrating Pyth, Siren users will benefit from superior data accuracy and timeliness, which are critical for the execution of options contracts on our platform.

Pyth’s extensive network of institutional-grade data providers ensures that the data we use to price Siren options is of the highest standard, directly contributing to the integrity and efficiency of our protocol.

What This Means for Siren Users

The integration of Pyth as our data provider will bring several key benefits to the Siren protocol:

• Enhanced Accuracy: With Pyth’s real-time data, Siren will offer more precise pricing for options contracts, reducing slippage and ensuring fairer trading conditions for all users.

• Increased Reliability: Pyth's data feeds are sourced from a broad network of trusted data sources, ensuring that the data underpinning Siren's market operations is consistently reliable and transparent.

Broader Asset Coverage: Pyth supports a wide range of assets, enabling Siren to expand its offerings and cater to a more diverse set of trading strategies and market demands.