Pyth Network, a blockchain market data provider, has joined forces with DeFi-focused development teams Morpho and Gauntlet to enhance lending and borrowing experiences on Ethereum and Base. The partnership aims to provide more efficient and secure lending protocols by leveraging Pyth’s low-latency price data.
Morpho is introducing a lending platform that supports permissionless market creation. The platform simplifies DeFi yield management for investors and grants DeFi protocols flexibility in setting various parameters such as liquidation loan-to-value ratios, price oracles, collateral selection, and caps. Morpho’s contribution to the partnership will help streamline the lending process.
Gauntlet, a creator of yield farming primitives and one of Morpho’s approved vault operators, will operate a USD Coin Core MetaMorpho Vault on Morpho. By integrating Pyth’s pull method price oracle, Gauntlet aims to improve the accuracy and reliability of price data. Real-time price data is crucial for making informed decisions in the DeFi space.
Pyth’s data feeds, known for their low cost and high-frequency updates, play a vital role in securing and stabilizing the informational feed provided to decentralized applications. These data feeds have already been integrated into over 350 DeFi protocols across various blockchains, with a total value locked of $7 billion.
Through this partnership, Pyth, Morpho, and Gauntlet are working towards revolutionizing the lending and borrowing experience in the blockchain space by providing efficient and reliable market data.