Token Symbol: PYTH5S

Brief:

The Pyth Network is the largest first-party oracle for the world’s financial data. It supports more than 300 real-time price feeds across major asset classes including digital assets, equities, ETFs, FX, and commodities. The network comprises some of the world's largest exchanges, market makers, and financial services providers contributing their proprietary price data on-chain for aggregation and distribution to smart contract applications. Thanks to the Pyth Network’s innovative pull oracle design, applications can effortlessly "pull" the latest price onto their native blockchain on demand. In less than a year since the launch of its cross-chain pull model, the network has secured over $1B in total value. The Pyth Network has been used by DeFi protocols in over $70B in trading volume and in over 200 applications. The Pyth Network is a protocol that allows market participants to publish price data on-chain for smart contracts to use. The protocol is an interaction between: Data providers, who submit their proprietary price information to Pyth's oracle program. The Pyth Network has multiple data providers for every price feed to improve the accuracy and robustness of the system. Pyth's oracle program, which combines the providers’ data to produce a single aggregate price and confidence interval value (e.g. the price of BTC as $30,000 ± $1). dApps, which read the price data produced by the oracle program on their native blockchain.

PYTH5S is a leveraged token that goes short on PYTH with 5x leverage, which means that for every decrease in the price of PYTH in the market, the leveraged PYTH token seeks a 5x increase in its price. PYTH5S is required to maintain its target leverage and does so through dynamic rebalancing to gain a net value increase by 5% when the price of PYTH falls 1%.

Due to such rebalancing and investment costs, PYTH5S may suffer a net value loss when the market fluctuates. Please note, AscendEX’s leveraged tokens are not suitable for long-term investment. Investors must be cautious while investing in leveraged tokens and manage their investment risks in a timely manner.

Official Website：https://pyth.network/
Whitepaper：https://pyth.network/whitepaper.pdf

Risk Disclosure:

Leveraged tokens differ from regular tokens for spot trading in that there is higher risk and volatility, which could bring about great returns or losses in a single day. Please learn more about leveraged tokens in our help center before making an investment.