💥 Gate Square Event: #PTB Creative Contest# 💥
Post original content related to PTB, CandyDrop #77, or Launchpool on Gate Square for a chance to share 5,000 PTB rewards!
CandyDrop x PTB 👉 https://www.gate.com/zh/announcements/article/46922
PTB Launchpool is live 👉 https://www.gate.com/zh/announcements/article/46934
📅 Event Period: Sep 10, 2025 04:00 UTC – Sep 14, 2025 16:00 UTC
📌 How to Participate:
Post original content related to PTB, CandyDrop, or Launchpool
Minimum 80 words
Add hashtag: #PTB Creative Contest#
Include CandyDrop or Launchpool participation screenshot
🏆 Rewards:
🥇 1st
For the past three years, I have been navigating the Crypto Assets market, and my feelings about Decentralized Finance (DeFi) have been quite tumultuous. Sometimes I am thrilled by its freedom and development prospects, while at other times I feel disheartened by various technical obstacles and risks.
The inaccuracy of price data once made me feel like I was walking on thin ice when conducting lending operations. The high Gas fees in cross-chain operations seemed to consume funds unnecessarily, and each time I used a cross-chain bridge, I was always worried about becoming a target for hackers. These issues once made me doubt the future of Decentralized Finance.
However, at the end of 2023, I came across the Pyth Network project, which claims to create a 'decentralized data marketplace' oracle. This discovery made me feel as if I had found an 'intelligence center' in the on-chain world. Pyth not only provided reliable support while I engaged in trading, lending, and NFT investments, but also showed me the potential for Decentralized Finance to disrupt the traditional $50 billion market data industry.
Reflecting on my journey in Decentralized Finance, when I first entered this field, I naively believed that the on-chain world could easily achieve passive income. However, reality soon hit me hard. During a lending experience on the Compound platform, I almost faced liquidation and lost $1000 due to a delayed oracle that incorrectly reported the Ethereum price. This experience made me realize the importance of accurate and timely data in Decentralized Finance.
During another large transaction on Uniswap, I lost 12% of my principal due to serious slippage issues. It felt like the market had brutally 'harvested' me. Moreover, cross-chain operations are even more headache-inducing, as high fees and complex processes often deter people.
These experiences have deeply made me realize how important reliable data sources and efficient cross-chain solutions are in the world of Decentralized Finance. The emergence of Pyth Network offers new possibilities for addressing these issues. It not only has the potential to become a key infrastructure in the DeFi ecosystem but also hopes to be a valuable assistant for every investor, helping us make more informed decisions in this rapidly evolving digital asset world.