Pyth Network Boosts Morph DeFi Ecosystem With Real-Time Price Feeds
Pyth Network has partnered with Morph to introduce over 500 real-time price feeds from various asset classes into its layer-2 platform. The partnership aims to create cutting-edge DeFi applications that leverage reliable data and scalable infrastructure, driving innovation in the decentralized finance space. Morph’s layer-2 solution enhances Ethereum scaling experience by leveraging zero-knowledge technology and optimistic rollups.
The price feed on Morph will secure its DeFi ecosystem, allowing protocols to request or pull price updates from the Pythnet appchain as needed. Developers will benefit from new tools to integrate into their smart contracts. Morph is also fostering its ecosystem through the Sparkloom initiative, which includes a hackathon with $18,000 in prizes and an incubator program.
(With inputs from Shikha Singh)
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