Pyth Network, known for providing real-time market data for blockchain applications, has joined forces with DeFi development teams Morpho and Gauntlet to enhance lending and borrowing protocols on Ethereum and Base.
The collaboration aims to improve the efficiency and security of lending platforms by leveraging Pyth’s low-latency price data.
Michael Cahill, co-founder and CEO of Douro Labs, a key contributor to Pyth, explained that Pyth Network’s real-time price data offers DeFi protocols the most current market prices. This reduces the risk of using outdated information, which can result in incorrect pricing and transaction execution.
By integrating Pyth’s data, the partnership hopes to provide a more reliable and secure environment for DeFi lending, benefiting both borrowers and lenders on Ethereum and Base platforms.
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