TechFlow news: Pyth Network, the world's largest first-party financial oracle network, has partnered with Lido — the leading liquid staking solution provider in the Ethereum ecosystem — in a groundbreaking collaboration to launch stETH/USD price feeds across more than 20 blockchains.
Traditionally, staking ETH requires locking up assets for extended periods, limiting liquidity and usability. Lido enables users to stake their ether and receive stETH tokens in return. By tokenizing staked ether, users can earn staking rewards while maintaining the ability to trade, lend, borrow, or otherwise use their assets across the broader DeFi ecosystem.
Leading DeFi protocols and exciting emerging teams—including Synthetix, 0vix, D8X, and Tigris Trade—have already begun leveraging Pyth’s stETH/USD price feeds to power their core operational products.
Pyth Network has secured over $2 billion in total value and supported more than $50 billion in total trading volume. Pyth currently offers over 250 price feed products covering assets such as cryptocurrencies, equities, foreign exchange, and precious metals.
