Keom
5 min readFeb 14, 2024

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Dear Keomrads!

Over the past months, many exciting new developments were in the works for Keom, which will now finally be unveiled to the community over the coming weeks and in Q2 2024.

This includes:

  • A multiphase rewards program
  • Expanding the product suite with fully on-chain margin trading built on lending market liquidity
  • Launching the Keom suite on new CDKs including the cross-collateral lending market, isolated markets, and margin trading
  • Developing a groundbreaking product that harnesses the latest advancements in ZK infrastructure to dramatically transform and redefine zkDeFi, offering an unparalleled first-mover advantage in this arena. Stay tuned for an announcement very soon!

Keom Protocol and Pyth Network

Keom and Pyth have a long-term and fruitful partnership thanks to which Keom Protocol has not only integrated Pyth’s oracle services but has also been an instrumental contributor to the zkEVM price pusher right from the start. Impressively, Keom’s contributions were pivotal, with up to 5% of all zkEVM transactions being attributed to the price push efforts, which necessitated a considerable expenditure of gas (ETH).

To commemorate this collaborative journey and to lay the foundation for future endeavors, Pyth has graciously awarded the Keom Association with $PYTH tokens. Instead of using these tokens merely to offset the incurred costs, a substantial portion will be allocated for rewards, aimed at encouraging user participation in specific new activities within the Keom ecosystem. We are in the process of finalizing the details and will soon unveil more information on how you can engage with and benefit from this initiative, along with several other reward programs. Stay tuned for exciting updates!

Keom Protocol relies on the Pyth network to deliver low latency price updates for tens of feeds. It helped us minimize the risk of price stalling, deliver improved performance in lending/borrowing, and have a shorter and more efficient asset listing process.

Keom contributed to the Pyth network by creating a customizable helm chart for the pusher to be used by other interested protocols. It can be found here:

https://github.com/daedlock/pyth-pusher

https://github.com/pyth-network/charts/pull/24

Keom Protocol utilizes Pyth’s open-source infrastructure components namely price-service (xc) and pusher to maintain multiple feeds on zkEVM which allowed us to be the first protocol to launch post-genesis on Polygon zkEVM. We are deploying on half a dozen Polygon CDK chains and are looking into using Pyth oracles wherever possible. Thus we are looking forward to further co-marketing and future deployment with Pyth.

Why does Keom choose to be #PoweredByPyth?

The integration of Pyth oracle brings many advantages to Keom:

  • High-Quality Data Sources: Pyth aggregates data from multiple premier data providers, ensuring a high level of accuracy and reliability.
  • Latency and Frequency of Updates: Pyth’s low-latency data feeds and high-frequency updates ensure that Keom receives timely data, which is essential for making informed decisions in fast-moving markets.
  • Security Measures: Pyth employs robust security measures, including confidence intervals, which provide our platform with additional data points to assess the reliability of the information, ensuring that our users receive trustworthy data.
  • Ease of Integration: The straightforward integration process with Pyth Oracle allows Keom to seamlessly incorporate high-quality market data, enhancing our service offerings without significant development overhead.
  • Competitive Platform Fees: Thanks to Pyth’s Pull Oracle design, Keom enjoys lower data acquisition costs, enabling us to offer competitive fees to our users.
  • Wide Coverage of Assets: Pyth’s extensive coverage of financial assets, including cryptocurrencies, equities, and commodities, allows our platform to cater to a broad audience with diverse investment interests.
  • Presence Across Multiple Blockchains: Pyth’s availability on multiple blockchains enhances our platform’s flexibility and reach, allowing us to serve users across various blockchain ecosystems.

Technical Details

Unique features and functionalities introduced by this integration include

  • Dynamic Data Consumption: Our smart contracts are optimized to consume data from Pyth in a way that dynamically adjusts to the varying demands of our DeFi products, ensuring efficiency and cost-effectiveness.
  • Enhanced Data Security: Incorporating Pyth’s confidence interval metrics into our data processing adds an extra layer of security, allowing our systems to evaluate the reliability of data before executing transactions.
  • Customized Data Solutions: We’ve developed customized solutions that leverage Pyth’s high-frequency updates, allowing our products to offer features like real-time asset valuation and instant risk assessment.

What are Keom Association’s plans for the $PYTH tokens?

  • User rewards and other activation campaigns
  • Ecosystem development & partnership programs
  • Continuation of the development & security of the protocol

The Road Ahead

Looking ahead, Keom’s collaborations with Pyth include several ambitious projects aimed at further enhancing Keom’s zkDeFi product suite:

  1. Advanced DeFi Products: Leveraging Pyth’s real-time data, we plan to introduce new advanced DeFi products that cater to the needs of sophisticated investors seeking high-performance, data-driven investment opportunities.
  2. Cross-Chain Expansion: Keom is at the frontier of CDK DeFi interoperability building towards AggLayer and will expand our integration with Pyth across additional Polygon CDKs, broadening our reach and making our products accessible to a wider audience.
  3. Community-Rewards and Loyalty Programs: In line with our commitment to our community, we will launch initiatives and incentives that encourage loyal participation in Keom’s suite of zkDeFi products #PoweredByPyth.

Keom is proud to be already Powered by Pyth utilizing Pyth Price Feeds for Keom Protocol on Manta Pacific, Polygon zkEVM, Polygon PoS, and more to come!

Stay tuned for more updates on our collaboration with Pyth Network and get the alpha on upcoming reward programs on X and Discord.

Start lending and borrowing on Keom now

About Pyth

Pyth Network is the largest first-party financial oracle solution delivering real-time market data to over 40 blockchains in a secure, transparent manner. Pyth supports 380+ 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 Pyth’s innovative pull oracle design, applications can effortlessly “pull” the latest Pyth price onto their native blockchain on demand.

In less than a year, the network has secured over $2.0B in total value. Pyth has facilitated over $50B in trading volume and serves over 230 on- and off-chain applications. You can learn more about Pyth from their website and documentation.

About Keom

Keom is a suite of zkDeFi products powered by Polygon 2.0. Committed to asset safety and user protection, Keom leads innovation in risk metrics and methodologies, backed by world-class legal expertise and R&D.

X (previously Twitter) | Discord | Telegram | Website

Disclaimer

This blog is strictly for information and educational purposes. It does not constitute an endorsement of any of the third-party products and materials referenced herein.

Its content shall always be corroborated by your own research and advice sought from independent sources.

DeFi and the overall crypto space are still developing and there are risks involved in engaging with them.

This blog shall not be deemed to constitute financial, legal, tax or any other sort of advice.

This blog shall not be construed as a solicitation to buy or sell any assets or to make any financial decisions.

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Keom

Keom is an AI-enhanced suite of zk-powered trading products, spearheading performant DeFi with intelligent tools and hard-coded compliance. www.keom.io