KCC, the KuCoin Community Chain, announced that Pyth price feeds are available on the KuCoin Community Chain. Any dApps deployed on KCC can directly request and consume Pyth’s 150+ price feeds for equities, commodities, foreign exchange pairs, and cryptocurrencies.
The Pyth network is a first-party financial oracle network designed to publish continuous real-world data on-chain in a tamper-resistant, decentralized, and self-sustainable environment. With the successful deployment of Pyth on KCC, the underlying facilities of the KCC DeFi ecosystem will be further improved. Also, KCC will offer users and builders a better and more accessible user experience.
Pyth has more deep cooperation with KCC Ecosystem. According to the official news, Pyth will add MojitoSwap Finance, the 1# ranked DEX on KCC as new data publishers, along with new Pyth data users: Torches Finance, the leading lending protocol based on KCC and KuSwap, an AMM built on KCC.
Leandre, the core member of KCC GoDAO Foundation said, “Currently, it’s a great opportunity for builders or projects to further improve their core competence, like improving technology, polishing products and trying to extend more possibilities. Also for KCC, we hope to strengthen the infrastructure and broaden the product ecosystem during this period. We welcome more projects like Pyth to launch on KCC and build the KCC ecosystem together.”
About KCC
KCC is a public chain project initiated and built by the developer community of KCS and KuCoin, aiming to solve the network latency and high gas fees of the Ethereum network. KCC is Ethereum-based and compatible with Ethereum Virtual Machine and smart contracts to provide community users and developers with a higher-speed, more convenient, and lower-cost blockchain experience.
Visit KCC.io to learn more.
About Pyth Network
The Pyth network is a specialized oracle solution for latency-sensitive financial data that is typically kept behind the “walled gardens” of centralized institutions. The Pyth network is focused on finding a new and inexpensive way to bring this unique data on-chain and aggregating it securely. Learn more about the Pyth Network at pyth.network.