Abstract
Pyth has a mission of becoming the single source of truth for all prices. A true price layer for the entire system. In order to achieve that goal it requires that the Pyth Network scale up both in price feeds and feed requests in a time limited manner. Both, require a common ingredient, usage growth. With a corresponding impact on revenue growth. Therefore, the most suitable system to achieve said goals is the development of a Pyth mobile application for the mass market.
Rationale
Current revenue streams stem mainly from the crypto community which goes through cycles of boom, bust, and possibly stagnation. Limiting the growth rate of the Pyth Network.
The new Pyth Pro product will take time to grow in adoption among traditional finance. Furthermore, the number of institutional subscribers must be in the 1000s to produce significant monthly recurring revenue. It could take many years to reach those numbers.
In order to become the single source of truth requires an expedited process for growth. The most appropriate system to achieve that goal would be the development of a Pyth mobile app targeting the mass market. This is the means which will grow Pyth Network 10,000x in a timely manner.
Proposed Plan and Feasibility
The proposed plan would utilize Douro Labs in a design, build, sell agreement similar to that for Pyth Pro. Keeping it in house. There are other apps in that space, but the Pyth network is different. Users are likely to gravitate towards better technology and value.
Questions and Uncertainties
I’m uncertain about the costs involved here. Or any details of the design. That is something that I think Pyth network can work out with Douro Labs