Pyth Network, a one-of-a-kind oracle that publishes financial market data across multiple blockchains, has partnered with DWF Labs, a global leading digital asset market maker and multi-stage Web3 investment firm.
We’re excited to welcome @DwfLabs, a global digital asset market maker, to the Pyth network 🔮
DWF Labs will both contribute its proprietary market data for digital assets and leverage the network price feeds pic.twitter.com/ZDIrI6Ot0t
— Pyth (we’re hiring!,🔮) (@PythNetwork) November 30, 2022
The aim of the two-way partnership between DWF Labs and Pyth Network is to utilise the Pyth price feeds, and DWF Labs will also offer its own customised market data for digital assets to Pyth.
DWF Labs announced in a tweet:
“We’re glad to partner @PythNetwork to supply high quality market data for crypto assets and for the utilisation of Pyth data feeds.”
Andrei Grachev, the managing partner of DWF Labs, stated:
“As one of the world’s top crypto high-frequency traders, we can access extremely valuable data that the whole industry can benefit from,”
“By supplying our trading and pricing data to the Pyth Network, and at the same time by integrating their data in our existing workflows, we are making the web3 industry more resilient.”
Through token investments, DWF Labs promotes the development of Web3 projects by offering liquidity. Regardless of the state of the market, DWF Labs invests in an average of 10 projects per month. Some of the investment targets are GameFi, Metaverse, Infrastructure, Protocols, Trading, and DeFi.
Pyth Network is excited to engage with more incredible partners to create the digital data market. There is a high demand for a market for institutional-grade, high-fidelity financial data that can be used by any application on any blockchain.
Abhimanyu Bansal, a contributor to Pyth Network, stated:
“Pyth has established a network of the top trading firms publishing real time market data directly on-chain. As one of the leading global crypto trading firms, DWF Labs’ contribution to Pyth will be of immense value as we continue to scale and build the future of Web3, and we are very excited to welcome them to the network.”
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