PYTH

Pyth Network is an oracle protocol that connects market data owners to applications across 100+ blockchains. Its market data is sourced from more than 120 first-party publishers, including leading exchanges and market-making firms. Today, over 550 protocols rely on Pyth to secure their applications.

SpinUp leverages Pyth Network to access accurate, real-time crypto asset pricing. This data underpins key functions such as minting and redemption for assets like mHYPE.

Pyth’s LST feeds are specifically used to calculate asset values during these processes and to determine the receipt tokens issued when deposits are made into the vault.