Aleno Joins Pyth Network, Enhancing Price Oracle Reliability

Aleno, a Paris-based DeFi service provider, has become a new data contributor to the Pyth Network, bolstering the accuracy and credibility of its price oracle. This strategic partnership aims to provide precise, institutional-quality data to Pyth Price Feeds, benefiting over 65 blockchain ecosystems and delivering a more secure and efficient DeFi experience

Aleno's detailed market data, sourced from live PDV markets, is combined with inputs from up to 63 other providers for each feed in the Pyth Network, resulting in a reliable aggregate price stream for running smart contracts. This flexibility in price offerings positions the Pyth Network to meet the evolving needs of new users and smart contract developers.

Antoine Vales, Co-founder and CEO of Aleno, expressed his enthusiasm for the partnership, stating that providing on-chain prices is just the beginning, and Aleno is committed to helping Pyth advance further and address more on-chain requirements. This collaboration highlights Aleno's dedication to improving the DeFi experience by focusing on building high-quality products and solutions for asset managers and treasury managers.

The integration of Aleno's data into the Pyth Network enhances the usability, accuracy, and credibility of the price oracle, which is crucial as DeFi continues to expand, ensuring that emerging applications are effective and secure in the Web3 ecosystem.