Pyth Price Feeds are now accessible to all developers on the Hedera network, while DeFi developers can freely utilize over 400 financial data feeds. These feeds can be integrated into smart contract applications, enabling community developers to create advanced financial solutions enhanced with Distributed Ledger Technology (DLT).

Grace Pfluger, Director of Business Development at the HBAR Foundation, emphasizes the importance of public oracle pricing feeds for progress, especially in lending, which is deemed a crucial economic activity. The foundation is thrilled to be associated with Pyth and have access to cutting-edge technology.

Pyth functions as a financial oracle network, delivering transparent, real-time data with low latency to multiple blockchains. Utilizing Pyth’s innovative technology framework ensures that DeFi applications on the Hedera network are built on reliable and robust foundations.

Pyth operates as an exclusive financial data oracle, providing market uncertainty data across multiple markets during a confidence period. The real-world data it provides can alert lending and derivative protocols about unforeseen market conditions, ensuring user and fund security.

Applications powered by Pyth benefit from a confidence factor derived from Price Feed’s unique oracle infrastructure, offering high-resolution, low-latency data crucial for validating trades and settlements.

Through its "walled gardens," maintained by centralized institutions, the Pyth Network offers a specialized oracle solution for latency-sensitive financial data. Pyth's mission is to discover a novel, cost-effective method for securely aggregating and bringing this unique data onto the blockchain.

The HBAR Foundation provides financial support for developing Web3 communities hosted on the Hedera network, supporting and funding developers who establish these communities. In addition to six funds dedicated to various sectors such as the crypto economy, consumer engagement, and sustainability, the Foundation also supports fintech, privacy, and female founders, thus nurturing these communities.