Pyth Network, a real-time market data provider for blockchain applications, has teamed up with DeFi-focused development teams Morpho and Gauntlet to enhance lending and borrowing experiences on Ethereum and Base. The collaboration aims to improve lending protocols by utilizing Pyth’s low-latency price data. Morpho is introducing a lending platform to enable permissionless market creation, simplifying DeFi yield management for investors. Gauntlet, an approved vault operator, will run a USD Coin Core MetaMorpho Vault on Morpho to enhance price data accuracy. Pyth's data feeds, with high-frequency updates, can help stabilize information for decentralized applications. Currently, Pyth has $7 billion in total value locked and serves over 350 DeFi protocols. This partnership signifies a step towards more efficient and secure DeFi lending practices in the crypto space. Read more AI-generated news on: https://app.chaingpt.org/news