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Pyth Network partners with Morpho and Gauntlet to enhance DeFi Lending Practices #PythNetwork partners with #Morpho and #Gauntlet to revamp decentralized finance #DeFi lending practices on #Ethereum and Base #blockchain . This collaboration aims to enhance the efficiency and security of lending protocols by leveraging Pyth’s real-time price data capabilities. Morpho is set to unveil a new lending platform designed to support decentralized market creation. This platform will feature custom risk management specifications and pre-approved entity vault launches, aiming to streamline DeFi yield management. Gauntlet, known for its expertise in yield farming strategies, will operate a MetaMorpho Vault for #USD Coin $USDC on Morpho's platform. By integrating Pyth’s pull method price oracle, Gauntlet seeks to enhance the accuracy and reliability of price data, crucial for optimizing yield in DeFi environments.
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EigenLayer has fortified EigenDA security on Ethereum mainnet #EigenLayer has fortified #EigenDA data availability service on the #Ethereum mainnet with enhanced security measures aimed at warding off Sybil and distributed denial of service attacks. The latest upgrade includes a whitelist security feature that leverages either internet protocol addresses or Ethereum's elliptic curve digital signature algorithm (ECDSA) for authentication.
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TOP PROJECTS BY WEEKLY #TVL GROWTH $BADGER #AURA #NOTE #VCX $GNS $BSW #ION $BTRFLY $STARS $MPL
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Verida has secured $5 million to fortify user fata protection amid AI expansion #Verida has secured $5 million in funding aimed at bolstering protections for user data in response to the rapid expansion of generative AI technologies. The seed funding round attracted investment from O-DE Capital Partners, #ChaiTechVentures , #SimurgLabs , #GateLabs , #HASHCIB , Bison Capital, Amesten Capital, and Evan Cheng of Mysten Labs. The funding will fuel the development of new data storage solutions tailored for internet users seeking to safeguard their personal information from being utilized in AI training processes. Verida aims to empower users by providing decentralized storage and encryption solutions, ensuring data remains under the control of individual users rather than centralized platforms.
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Mina Foundation and Mirae Asset partner on Privacy-First token offering platform #MinaFoundation partners with #MiraeAsset to develop a privacy-focused platform for security token offerings. This collaboration, utilizing Mina Protocol's #zeroknowledge #blockchain technology, aims to enable asset ownership verification without revealing sensitive user data. The initiative addresses growing market demands for confidential transaction solutions in blockchain technology.
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