Gelato partners with Pyth to bring market data to L2 chains

Gelato's Rollup as a Service (RaaS) allows developers to deploy tailor-made L2 chains effortlessly with just one click, complete with native Account Abstraction and 19+ out-of-box infrastructure partners. Pyth is enriching Gelato’s Rollup marketplace by providing on-demand real-time price feed market data for enhanced DeFi applications on Gelato’s L2 chains.

Pyth Network: Deliver Real-Time Market Data

Traditional oracle models use a push approach, where oracles continuously send transactions to reflect price changes, often leading to inefficiencies. Pyth Network instead uses a pull price update model, where users can pull the latest prices on demand. This results in greater gas efficiency and more accurate prices. For example, Perennial Protocol reduced trade settlement time by 97%, significantly minimizing arbitrage value leakage.

Projects building on top of Gelato RaaS can integrate Pyth’s oracles from genesis block, accessing real-time digital asset prices that are 5–10x more accurate compared to traditional sources, with updates as frequent as every 400 ms.

This is especially valuable for DeFi projects like perpetual protocols or lending & borrowing platforms that can unlock a dedicated access line to 350+ data feeds. With 90+ major market participants — including Jane Street, CBOE, Binance, OKX, and Bybit — pushing more than 50 million price feed updates daily, custom L2s can be supercharged with highly accurate real-time market data.

Use Cases

• Lending and Borrowing: These protocols rely on immediate and precise market data for optimal loan management and collateral assessments. Gelato RaaS’s partnership with Pyth ensures access to accurate, real-time information, fostering precise collateral valuations and insolvency protection.

• Stablecoins: Accurate collateralization is crucial for stablecoin performance. Through Pyth’s integration, stablecoins on Gelato RaaS chains benefit from real-time financial data, ensuring stability and reliable operations.

• Decentralized Derivatives Markets: Derivatives depend on accurate, real-time data for contract execution. Partnering with Pyth ensures traders receive dynamic funding rates and reliable settlements driven by up-to-the-minute data.

To learn more about Pyth, check out their documentation.

About Gelato

Gelato is a Web3 Cloud Platform empowering developers to create automated, gasless, and off-chain-aware Layer 2 chains and smart contracts. Over 400 Web3 projects rely on Gelato to power millions of transactions in DeFi, NFTs, and gaming.

• Gelato RaaS: Deploy tailor-made ZK or OP L2 chains in one click with native Account Abstraction and all Gelato middleware built in.

• Web3 Functions: Connect smart contracts to off-chain data & computation via decentralized cloud functions.

• Automate: Automate smart contracts by executing transactions reliably and in a developer-friendly, decentralized manner.

• Relay: Enable reliable, robust, and scalable gasless transactions via a simple-to-use API.

• Account Abstraction SDK: Built with Safe, combining Gelato's gasless transaction infrastructure with the industry’s most secure smart contract wallet.

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