The post Pyth Partners with Gauntlet and Morpho to Boost Lending on Base and Ethereum appeared on BitcoinEthereumNews.com.

Pyth Network, a real-time market data provider for blockchain applications, has teamed up with Gauntlet and Morpho to provide improved lending and borrowing experiences on Base and Ethereum. DeFi protocols benefit from Pyth’s dependable, low-latency price data, which gives them a competitive advantage and allows them to optimize capital efficiency for users while drastically lowering risk. With an open, trustworthy, and effective lending primitive that facilitates the formation of permissionless markets, Morpho is upending the DeFi lending industry. Investors may control DeFi yield more easily since pre-approved businesses can use its protocol to establish custom vaults with tailored risk management requirements. DeFi protocols have total control over the liquidation loan-to-value (LTV) ratios, price oracles, collateral selection, caps, and other details because of the open nature of Morpho’s marketplace. It offers the adaptable foundation experts need to build bespoke lending vaults with dynamic tactics intended to enhance return and optimize capital efficiency. One of the first approved vault operators on Morpho, Gauntlet is the creator of cutting-edge yield farming primitives that have grown to some of the largest DeFi protocols in the sector. It has chosen the USDC Core MetaMorpho Vault as its initial offering on Morpho, taking use of Pyth’s low-latency price oracle. Being a trailblazer of tried-and-true DeFi yield optimization techniques founded on sensible risk, Gauntlet is well aware of how crucial precise, dependable, and low-latency asset price data is to the sound operation of lending and borrowing procedures. The design of Pyth provides much lower risk, improving the experience for Gauntlet’s vault customers. It enables vault administrators to obtain price feed data many times per second straight from the most reliable financial institutions in the world. Matt Dobel, Gauntlet’s Head of Business Development stated: “We are pleased to pilot Pyth price feeds for the UNI/USDC market in our USDC Core MetaMorpho…

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Filed under: News - @ June 22, 2024 12:28 am