Mike Cahill (Douro Labs) on the Evolving Oracle Landscape (EP.476)

On The Brink with Castle Island

Nov 20, 2023•44 min•Ep. 476

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Episode description

We sit down with Mike Cahill, CEO of Douro labs, to talk Pyth's retroactive airdrop and launch. In this episode:

A brief history of Pyth
What was the problem with legacy oracles before Pyth
How is Pyth is technically differentiated from other oracles
The importance of introducing confidence intervals into prices
How does Pyth achieves cross chain data delivery
Disintermediation in the oracle market
Major proof points that convinced Mike that Pyth could work
Pyth's traction on various chains
Which blockchains Pyth does particularly well on
Mike addresses the 'collusion FUD'?
Why Pyth oracles are not like LIBOR
How the Pyth retrospective airdrop works
What's happening with Pyth governance on a go forward basis?