PYTH

Pyth Network is an oracle protocol that connects market data owners to applications on 100+ blockchains. Pyth's market data is provided by over 120 first-party publishers, including some of the world’s largest exchanges and market-making firms. More than 550 protocols across 100+ blockchains trust Pyth to secure their applications.

Hyperpie leverages Pyth Network to fetch accurate and real-time crypto asset pricing data. This data is essential for executing minting and redemption functions, such as those for mHYPE.

Pyth Network’s LST feeds are used to calculate asset values during the minting and redemption process, and to determine the amount of receipt tokens issued when depositing into the vault.