Pyth contributors have launched Crypto Redemption Rate Feeds, unlocking two new popular asset classes – liquid staking tokens and yield-bearing stablecoins – both have been a major driving trend in the DeFi space for the last year.
Pyth now offers an array of feeds, not just crypto, but commodities, equities, FX, ETFs, LSTs, LRTs, and yield-bearing stables. Crypto Redemption Rate Feeds are live valuations for complex assets LSTs, LRTs, and yield-bearing stables for smart contract protocol markets on underlyings.
By bringing this foundational tool to on-chain finance, Pyth says it is giving decentralised platforms the same clarity and precision as market-leading TradFi institutions.
