Shortly after the merger between Klaytn and Finschia as part of ‘Project Dragon’, Pyth Price Feeds are now deployed and live on Kaia, a highly optimized, BFT-based public blockchain that is home to Asia’s largest Web3 ecosystem.
Kaia is designed around the principles of Community, Sustainability, and Simplicity as part of their journey to spearhead blockchain and Web3 adoption. In line with these principles, Pyth Network unlocks over 500 real-time price feeds for major asset classes to developers building on Kaia. After all, developers deserve simplified and permissionless access to the price data they need to serve their community.
Pyth’s pull oracle design ensures that users on Kaia can always enjoy high-frequency price updates and low-latencies for a cutting-edge on-chain experience. This blog post will explore what this partnership means Pyth Network καὶ (and) Kaia.
"Pyth's high-performance, extensive, and granular price feeds will be a key component in the creation of a vibrant and diverse DeFi ecosystem, while also unlocking greater creative possibilities for builders to innovate on Kaia." - Dr. Sam Seo, Representative Director of Klaytn Foundation.
Kaia was formed from a chain merge between Klaytn and Finschia. The result is a new blockchain ecosystem poised to become Asia’s leading platform in the Web3 space.
Kaia is designed to expand what can be built on-chain by focusing on performance, scalability, and ease of adoption. It achieves this through immediate finality, high TPS, and low transaction costs, making it ideal for enterprise-grade applications.
Kaia will integrate over 420 dApps and services to enhance ecosystem liquidity and builder scalability. One highlight is the integration of Kakao and LINE messengers to provide over 250 million potential touchpoints across the Asian market.
The deployment of Pyth Price Feeds is a crucial step for kickstarting a DeFi ecosystem on Kaia’s high-performance and massive consumer environment. Real-time access to granular price feeds that reflect the external markets is necessary for reliable, high-throughput DeFi applications: Pyth Network’s ability to meet the strict requirements of next-generation DeFi aligns the oracle network’s mission with that of Kaia.
Kaia enhances on-chain capabilities by maximizing performance and user experience. It offers: