Market data provider for blockchain applications Pyth Network has announced a partnership with the Morpho and Gauntlet development teams focused on decentralized finance (DeFi). The goal is to improve the borrowing and lending processes on Ethereum and Base. 🤝

Pyth will provide real-time pricing data, making lending protocols more efficient and secure.

Morpho introduces a lending platform that supports the creation of a permissionless market. It makes it easier for investors to manage DeFi returns and gives DeFi protocols the flexibility to set “loan-to-value (LTV) ratios, price oracles, collateral selection, etc.”

Gauntlet, creator of farming primitives, will work with the Core MetaMorpho Vault on Morpho, improving the accuracy and reliability of price data.

Pyth currently has a total locked value of $7 billion and provides price feeds to over 350 DeFi protocols on various blockchains.