TechFlow News — Decentralized oracle protocol Pyth Network has launched Redemption Rate Sources, designed to deliver the precise redeemable value of crypto assets directly through underlying smart contracts. This provides accurate valuations for assets whose worth is determined by smart contract logic, including complex LSTs, LRTs, and yield-bearing stablecoin assets.
Currently, Pyth price feeds support 19 new redemption rates from the EVM ecosystem, including Ondo Finance (USDY), StakeStone (STONE), Ethena Labs (sUSDe), Mountain Protocol (wUSDM), Crypto.com (CDCETH), as well as APXETH/PXETH, CBETH/ETH, CDCETH/ETH, EETH/ETH, ETHX/ETH, EZETH/ETH, FUSDC/USD, METH/ETH, PZETH/WSTETH, and RETH/ETH.
In addition, multiple DeFi projects—including Ionic Money, Zerolend, Unidex, Thala, Fractality, Polynomial, and Tectonic—are already utilizing this feature. By delivering more accurate, trustworthy, and real-time data across the broader DeFi ecosystem, Pyth aims to help DeFi applications better assess asset values, enhance functionality, optimize risk management, and unlock innovation.
