Pyth Network and Snowflake Partnership
Pyth Network and Snowflake Network reveal their cooperation to bring a new set of advanced automation capabilities to developers and decentralized finance users on Solana.
Snowflake is the first automation platform on Solana offering both a smart contract scheduling infrastructure for developers and a composable Zapier-like Dapp for decentralized finance users to compose all kinds of on-chain automation.
To developers, Snowflake is the on-chain scheduler and automation infrastructure of Solana.
To end-users, Snowflake is the Zapier of Crypto. They make it effortless for users to compose all kinds of automation without writing a single line of code.
Snowflake fills a fundamental missing gap in the web3 stack, that is, smart contracts today cannot be scheduled or self-executed without relying on someone to trigger them manually. Snowflake makes web3 on-chain automation possible by providing the most frictionless, reliable, yet decentralized and trustless automation platform that builders and end-users can depend on for their most critical tasks.
Pyth Network is the leading oracle solution for latency-sensitive financial data on Solana. Pyth gives decentralized finance comprehensive access to high-fidelity, real-time financial services data.
Snowflake will leverage Pyth price oracle in order to offer its users advanced automation capabilities based on price movement triggers. Combining real-time price triggers with the ability to compose pre-built and custom actions, opens up Snowflake users to all sorts of new automation scenarios.
Snowflake price trigger automation is currently available for testing in Devnet.
Below is a Snowflake template that lets you set up an automation that triggers a swap when one or more price conditions (determined by Pyth price) are met!
https://app.snowflake.so/#/editflow?template=pythOracleTrigger
For more details, you may refer to the Snowflake docs as well as check their YouTube demonstration!
- Live Demo: https://www.youtube.com/watch?v=EuXS2yyZ0KAhtt
- Doc: https://docs.snowflake.so/en/articles/5919189-price-checker-action
About Snowflake
Snowflake is the first on-chain automation platform built for Solana. Snowflake network empowers developers and end-users to schedule & automate hundreds of smart contracts in one unified on-chain platform. Snowflake operates at two levels – application and infrastructure.
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. Pyth network is focused on finding a new and inexpensive way to bring this unique data on-chain and aggregating it securely.
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