Keyrock, a leading algorithmic trading and market-making firm for digital assets, has recently joined the Pyth Network as a data provider. This collaboration aims to enhance the oracle network’s capabilities for supporting various DeFi applications across more than 60 blockchains. Keyrock, with its extensive experience and technical expertise in pricing assets and scaling liquidity since 2017, will contribute proprietary market data for cryptocurrencies, foreign exchange pairs, commodities, and US equities to Pyth’s Price Feeds offering.
By integrating with Pyth, Keyrock aims to strengthen its on-chain presence in the decentralized finance space while monetizing the data generated through their daily operations. This partnership benefits both parties by offering a more secure and efficient DeFi ecosystem and incentivizing Keyrock’s participation in the market. The Pyth Network aggregates data from up to 63 other first-party providers to produce a robust and reliable price feed that supports smart contract operations across various ecosystems, including EVM, Cosmos, Move, Bitcoin, and Solana.
According to Juan David Mendieta, CSO of Keyrock, “By joining forces with Pyth Network, we can revolutionize on-chain price feeds, enhancing decentralization and security on a global scale. DeFi stands to benefit from the type of data that only an active and experienced market player like Keyrock can deliver.” This partnership signifies Keyrock’s commitment to pushing the envelope for DeFi and closing the gap between traditional centralized markets and decentralized ones. Keyrock’s mission is to democratize cryptocurrency liquidity through transparency, operational integrity, and regulatory compliance.
Founded in Belgium in 2017, Keyrock specializes in scalable, self-adaptive algorithmic technologies to support efficient asset markets. The company provides exceptional liquidity services to tokens, exchanges, and brokerages within the cryptocurrency ecosystem. With connections across over 85 trading venues, including centralized and decentralized exchanges, Keyrock excels in collecting pricing data at scale. Their collaboration with the Pyth Network showcases their dedication to enhancing decentralized finance and contributing to a more secure and efficient ecosystem for DeFi applications across various blockchains.
In conclusion, the partnership between Keyrock and the Pyth Network signifies a significant step towards enhancing the capabilities of on-chain price feeds for DeFi applications. By leveraging Keyrock’s expertise in pricing assets and scaling liquidity, the collaboration aims to revolutionize the way price data is aggregated and distributed in a decentralized ecosystem. This partnership not only benefits Keyrock by expanding its on-chain presence and monetizing its data but also contributes to the overall growth and efficiency of the DeFi space. Through transparency, operational integrity, and regulatory compliance, Keyrock continues to lead the way in democratizing cryptocurrency liquidity and supporting the evolution of decentralized finance.
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