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.
DEFI0.91%
PYTH5.74%
COMP1.17%
ETH0.6%
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staking_grampsvip
· 42m ago
The pitfalls you've encountered are all wealth in life.
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ChainBrainvip
· 09-08 22:51
defi players are being played for suckers
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GweiTooHighvip
· 09-08 22:41
Brother, the gas fees are really a robbery. I'm crying.
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CryptoTarotReadervip
· 09-08 22:35
Suckers finally woke up.
View OriginalReply0
zkProofInThePuddingvip
· 09-08 22:33
Paying more IQ tax is also a form of growth.
View OriginalReply0
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