Partnership Between Pyth Gauntlet and Morpho Aims to Enhance Lending Capabilities on Base and Ethereum

Pyth Network, a provider of real-time market data for blockchain applications, has joined forces with Gauntlet and Morpho to enhance lending and borrowing experiences on Base and Ethereum. The reliable and low-latency price data offered by Pyth benefits DeFi protocols, giving them a competitive edge and enabling them to optimize capital efficiency while reducing risk.
Morpho disrupts the DeFi lending industry with its open, trustworthy, and effective lending primitive that facilitates the formation of permissionless markets. Through its protocol, pre-approved businesses can establish custom vaults with tailored risk management requirements, allowing investors to have better control over DeFi yield. The open nature of Morpho’s marketplace gives DeFi protocols complete control over liquidation loan-to-value (LTV) ratios, price oracles, collateral selection, caps, and other details. This flexibility provides experts with the foundation they need to build bespoke lending vaults with dynamic strategies aimed at improving returns and capital efficiency.
As one of the first approved vault operators on Morpho, Gauntlet is a pioneer in yield farming primitives and has become one of the largest DeFi protocols in the industry. Gauntlet has chosen the USDC Core MetaMorpho Vault as its initial offering on Morpho, leveraging Pyth’s low-latency price oracle.
Gauntlet understands the importance of precise, reliable, and low-latency asset price data in the smooth operation of lending and borrowing processes. Pyth’s design significantly reduces risk and enhances the experience for Gauntlet’s vault customers by providing price feed data from the most reliable financial institutions in the world multiple times per second.
Matt Dobel, Gauntlet’s Head of Business Development, explained the significance of Gauntlet’s decision to utilize Pyth’s data feeds, highlighting the advantages of its unique “pull” design. Through the Pythnet appchain, dApps using Pyth can request low-cost, high-frequency price updates for over 500 on- and off-chain assets several times per second. In a time when trading volumes and liquidity are increasing, Pyth’s sub-second latency and unparalleled dependability ensure that the DeFi sector receives the most up-to-date pricing data.
Pyth has experienced significant success this year, expanding its support to over ten additional blockchain networks and accumulating a total value locked of over $7 billion. It currently serves more than 350 DeFi protocols with a comprehensive selection of price feeds covering the crypto, equities, forex, ETFs, and commodities markets.