Pyth Network, a market data provider for blockchain applications, has partnered with Gauntlet and Morpho to enhance lending and borrowing experiences on Base and Ethereum. By utilizing Pyth’s reliable and fast price data, DeFi protocols gain a competitive edge and can optimize capital efficiency for users while reducing risk.
Morpho, an open and trustworthy lending primitive, is disrupting the DeFi lending industry. Through its protocol, pre-approved businesses can establish custom vaults with tailored risk management requirements, allowing investors to have better control over DeFi yield. The open nature of Morpho’s marketplace gives DeFi protocols complete control over liquidation loan-to-value ratios, price oracles, collateral selection, and other details. This flexibility enables experts to build bespoke lending vaults with dynamic strategies to maximize returns and optimize capital efficiency.
As one of the initial approved vault operators on Morpho, Gauntlet is known for its cutting-edge yield farming methods, which have become some of the largest DeFi protocols in the industry. Gauntlet has chosen the USDC Core MetaMorpho Vault as its first offering on Morpho, utilizing Pyth’s low-latency price oracle.
Gauntlet understands the importance of precise and reliable asset price data in lending and borrowing operations. Pyth’s design significantly reduces risk, improving the experience for Gauntlet’s vault customers. It allows vault administrators to access price feed data from the most reliable financial institutions in the world multiple times per second.
Matt Dobel, Gauntlet’s Head of Business Development, emphasized the advantages of Pyth’s unique “pull” design. Through the Pythnet appchain, dApps using Pyth can request low-cost and high-frequency price updates for over 500 assets, both on- and off-chain. In a time of increasing trading volumes and liquidity, Pyth provides the DeFi sector with unparalleled dependability by delivering the most up-to-date pricing data with sub-second latency.
Pyth has achieved significant success since the beginning of the year, expanding to support over ten additional blockchain networks and accumulating over $7 billion in total value locked. It currently serves more than 350 DeFi protocols, offering a comprehensive selection of price feeds across crypto, equities, forex, ETFs, and commodities markets.
