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Michael Cahill runs the one oracle that's turned into an actual business... $10 million in annual recurring revenue, 138+ institutions publishing their own prices, and we still haven't fired the starting pistol on 24/7 Digital Assets.
Market data is one of the last great cartels in TradFi. Exchanges charge billions a year for numbers that go stale in an instant, and everyone just pays it. Pyth's bet is that if the trading firms, exchanges and banks publish their prices directly, you can price almost anything in real time for a fraction of the cost. Michael joins me to explain how this works in practice, and what happens when we open the blockchain finance flood gates.
On this show, we cover:
- What makes an oracle
- How do you price data in a decentralised world
- The Pyth business model and roadmap
- Experience working with Governments and TradFi
- What happens when Wall Street unlocks 24/7 digital assets as 'BAU'
