{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Scoop","title":"How Pyth Network is trying to revolutionize a $6 billion Wall Street business","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/ec2c5a44\"></iframe>","width":"100%","height":180,"duration":2471,"description":"Michael Cahill is the CEO of Douro Labs, where he oversees the development and acceleration of the Pyth Network — an oracle network for real-time financial market data delivery to smart contract applications.\nIn this episode, Cahill unpacks the unique advantages of Pyth Network over other oracle providers and explains what obstacles currently stand in the way of replicating the centralized trading experience on-chain.\nAccording to Cahill, DeFi is \"very close to feature parity with some of the backend elements of derivatives trading on centralized exchanges — what we haven't yet cracked is the user experience.\"\nPyth Network was incubated by Jump Trading before going live on Solana mainnet back in August of 2021.","thumbnail_url":"https://img.transistorcdn.com/kC6kzNjgr18dm0FmBfV_f9xccAkjj-QXoCJmVNlNtrU/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8xZmIz/N2E5MmRmMzJjOTU3/OTNhYjJkYzcxZTlj/MTU2Yi5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}