Solana-based DeFi Zeta options platform integrates Pyth oracle | NFT News

Solana-based DeFi Zeta options platform integrates Pyth oracles

Zeta, DeFi's Solana-based options mortgage platform, has announced that it is integrating the Pyth Network's price oracle machine.

The announcement says that using Pyth, Zeta can access high-frequency price data to create a "fast onchain option pricing and clearing system."

The developers of Pyth claim that their oracle network "is being created by some of the largest companies in traditional finance and DeFi with the goal of providing DeFi with the infrastructure to support significant market growth." This, they say, requires legally authorized access to unique data sets, update rates of less than a second, sophisticated output and aggregation methods, and a careful system of incentives to prevent false or malicious data leaks.