As a representative from Synthetix, we have firsthand experience using Pyth as an oracle provider for Synthetix Perps. They have facilitated the expansion into 40+ perps markets, enabling us to cross the $10b total volume mark recently and design a system that on-chain perps traders love. We have found immense value in their robust, reliable service and high-quality support.
Utilizing Chainlink as our on-chain backup oracle for Synthetix Perps has brought decentralized redundancy and security to the system design, affirming my belief in the power of multiple data sources. I am strongly in favor of this proposal to incorporate Pyth as a secondary oracle for AAVE on Optimism.
This proposal, in my view, isn’t just a good idea—it’s the correct approach to designing systems that are not reliant on a single source. I fully endorse Pyth to serve as a backup oracle for AAVE on Optimism and look forward to seeing the benefits it will bring to the wider DeFi ecosystem.