How Pyth Works: The Three-Party System
@PythNetwork operates as a continuous interaction between three core participants:
✔️The Publishers: First-party data sources including some of the world's largest exchanges, market makers, and financial institutions submit precise pricing data directly to Pyth's oracle program. Multiple publishers feed into every single asset to ensure accuracy and prevent manipulation
✔️The Oracle Program: Pyth’s on-chain program combines all individual publisher inputs into a single, aggregate price and confidence interval, filtering out anomalies in real time
✔️The Consumers: Smart contracts, decentralized applications (dApps), and end-users read this aggregated price feed to execute trades, liquidations, and loans safely