The guide
Everything about Pyth, in plain English.
Eleven short chapters. Each one stands alone, but together they walk you from what is a price oracle? to how do I price a perpetual on-chain?. Around an hour, end to end.
Chapters
11 chapters · ~60 min total
What is Pyth?
The 60-second pitch. Who runs it, why it exists, how big it is.
How it works
Publishers, Pythnet, Hermes, and the pull-update flow in five steps.
Pyth Core
The decentralized price feeds. Confidence intervals, exponents, staleness, fees.
Pyth Pro
Subscription low-latency prices for perps and HFT. Formerly Lazer.
Entropy
On-chain randomness you can prove. Coin flips, loot, lotteries.
Express Relay
Sealed-bid auctions that turn MEV into protocol revenue.
Marketplace
How third-party data providers list and monetize proprietary datasets.
Publishers & chains
138+ data publishers feed 100+ chains. Who they are and where.
Use cases
What teams actually ship — DEXes, perps, lending, RWAs, gaming.
PYTH token
Staking, OIS, governance councils, and what the token actually does.
Glossary
Every Pyth term in one place. Skim once, return as needed.