Network Participants
For more information, visit the Pyth whitepaper https://pyth.network/whitepaper
3 different types of stakeholders will interact within the network:
- Publishers publish price feeds and earn a share of data fees in exchange. Publishers are typically market participants with access to accurate, timely price information. The protocol rewards publishers in proportion to the quantity of new pricing information that they share.
- Consumers read price feeds, incorporate data into smart contracts or dApps, and optionally pay data fees. Consumers can either be on-chain protocols or off-chain applications.
- Delegators stake tokens on a specific product and publisher to earn a share of the data fees in exchange for potentially losing their stake if the oracle is inaccurate.
Any actor may have multiple roles within the network. For instance, data publishers (or consumers) may additionally decide to delegate tokens to earn additional data fees.
Last modified 10mo ago