Interview with Pyth Network (Mike Cahill) | Blockchain Innovation with Synopsis: #Oracles

🎙 Speaker: Mike Cahill ▪️ CEO of Douro Labs ▪️ Co-Founder of Pyth Network #PythNetwork #MikeCahill #Oracles #crypto #blockchain #Web3 Questions: 1. Please tell us how you came up with the idea to create a decentralized oracle. Feeding real-world data to smart contracts is one of the hardest tasks in web3. 2. The Pyth oracle is decentralized. But is it possible to also make it trustless in the future? 3. How did you manage to onboard so many top-tier institutions, including Cboe, Sony, Binance, and Wintermute? What sold them on your solution? 4. It looks like your first-party data providers and your users practically do not overlay. Do users pay the data providers directly, or are the incentives coming from the initial $PYTH token allocation? 5. What happens if there are so many outliers in the data feed that the real values become outliers? 6. What blockchains are the most popular among the users of your oracle? We heard you support more than 80 networks. 7. VanEck recently launched the $PYTH ETN in Europe. However, it brings the question: any new TradFi focused product offerings planned or are you focusing on web3 offerings? 8. How has your oracle improved over time? What developments are you planning next? 9. What DeFi trends are you following most closely? We bet you know so much more than we do. 10. What's your advice for Synopsis viewers?