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COIN OF THE DAY
$RNDR
#Render
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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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