Coin98 Widens its utilities to Solana through Pyth Price Feed
Coin98 has decided to multiply the use case of the C98 native token on Solana with Pyth Price Feed, a next-generation oracle specially designed to publish high-fidelity financial market data at sub-second latency.
Unlock C98 use cases on Solana with Pyth
Founded as a DeFi product builder with the goal of creating and developing an ecosystem of DeFi protocols, Web3 applications, and NFTs on different blockchains, Coin98 is continually looking for new methods to innovate products and expand its network. As a result, Coin98 tokens can disseminate their strong energy throughout the ecosystem based on the far-reaching advancements in the crypto world. They make good use of Coin98 on the BNB Chain and Ethereum, now is Solana.
In line with Pyth, DeFi builders on Solana now simply add Coin98 (C98) to their platforms, allowing them to boost the diversity of C98 applicabilities more than ever on the full issued blockchains.
As known, Solana is establishing a lively ecosystem of its own, with the advantages of lightning-fast transaction speed and low-cost fees, which leads to the arrival of many decentralized applications in various fields. Coin98 aims to bring the presence of C98 tokens to plenty of applications, involving users’ daily DeFi skin-in-the-game activities in this burgeoning blockchain. Some DeFi legos that we’re eager to approach, such as lending and borrowing markets, derivatives platforms, prediction markets, or more on-chain data protocols.
Pyth is an oracle that distributes real-time financial and crypto market data, and it already has over 50 significant financial institutions as data providers for various asset classes. It focuses on bringing trustworthy, continuous, streaming financial market data on-chain to DeFi applications and the general public in a highly efficient and elegant way.
– Vinh The Nguyen – CEO & Co-Founder of Coin98 Finance
“On the path to mass adoption in Solana, Coin98 will be easy to ship itself to users on this blockchain thanks to the precise pricing data derived from Pyth. We’re looking forward to witnessing how far we can explore in the long run.”
Mike Cahill, Director of the Pyth Data Association
“It is always with great pleasure for the Pyth network to support the native tokens of downstream applications and we look forward to seeing many other platforms leveraging Pyth integrating C98 within their offering. ”
About Pyth Network
Pyth is a next-generation oracle specially designed to publish high-fidelity financial market data at sub-second latency onto the Solana blockchain and to republish that data onto other blockchains via Wormhole. The Pyth is native on the Solana blockchain, then will be available on Ethereum, BNB Chain, Terra. Pyth will be a decentralized, blockchain-based marketplace for aggregated data.
About Coin98 Labs
Coin98 Labs is a DeFi product builder focusing on creating and developing an ecosystem of DeFi protocols, Web3 applications, NFTs on multiple blockchains. Our mission is to fulfill untapped demand and enhance in-demand utilities in the DeFi space, helping people to access DeFi services effortlessly. The Coin98 universe is now consolidating Coin98 Super App, Coin98 Exchange, Coin98 SpaceGate (cross-chain bridge), Saros Finance (A DeFi Super-Network on Solana) and much more incubating initiatives.
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