Pyth Network expands DeFi reach with crypto redemption rate feeds
Pyth Network, a top oracle network, has expanded its reach within the decentralized finance market with a new feature dubbed Redemption Rate Feeds.
Announced on Oct. 24, the redemption rate feeds, or RRF, provide real-time valuations for liquid staking tokens, restaking tokens, and yield-bearing stablecoins. With this feature, Pyth Network (PYTH) offers the broader DeFi market access to pricing data that traditional price feeds do not provide.
The practical impact is that DeFi platforms now have access to precise valuation data of complex assets.
“Think of it as moving from estimated value to exact value—a crucial upgrade that enables more protocols to use Pyth price feeds,” Pyth Network wrote.
