Pyth x Morph: A New Beginning
Pyth x Morph
The partnership between Pyth and Morph marks a major step forward in the DeFi ecosystem. By integrating trusted Pyth pricing data into the Morph scalable infrastructure, users can access accurate and up-to-date information while benefiting from Morph’s flexibility and security. This collaboration offers users the ability to confidently build new DeFi applications, knowing that their data is secure and being built on a scalable platform.
“The partnership between Pyth and Morph opens doors for developers to create cutting-edge DeFi applications that leverage reliable data and scalable infrastructure, driving innovation in the decentralized finance space.” - Cecilia Hsueh, CEO at Morph
🐨 𝑴𝒐𝒓𝒑𝒉𝒊𝒏𝒈 𝒘𝒊𝒕𝒉 𝑷𝒚𝒕𝒉... 🔮
— Morph 🐨 (@MorphL2) April 24, 2024
The partnership between Pyth and Morph opens doors for developers to create cutting-edge DeFi applications that leverage reliable data and scalable infrastructure, driving innovation in the decentralized finance space.
Follow closely… https://t.co/pj33Ct087k
Consumer Benefits
Real-Time Data Integrity: Consumers can access accurate pricing information in real-time, enabling informed decision-making in DeFi transactions.
Enhanced Scalability: With Morph's scalable infrastructure, users experience faster transaction processing times and lower fees, enhancing the overall DeFi experience.
Increased Security: Morph's innovative Layer 2 approach ensures robust security measures, safeguarding user assets and transactions against potential threats.
Innovation Opportunities: The partnership between Pyth and Morph opens doors for developers to create cutting-edge DeFi applications that leverage reliable data and scalable infrastructure, driving innovation in the decentralized finance space.
Pyth Price Feed Contract Address
Pyth is currently available on Morph using Pyth Stable price sources that are accessible via Hermes Stable.
View Pyth Testnet Profile
Contract Address: 0xA2aa501b19aff244D90cc15a4Cf739D2725B5729
Pyth Network
The Pyth Network revolutionizes data transparency and reliability in the realm of decentralized finance (DeFi) by incentivizing participants to continuously publish accurate and timely price updates for various products. Each product, such as BTC/USD, is equipped with a price feed that updates dynamically, accompanied by a confidence interval representing the estimated uncertainty of the price. This information is securely stored on-chain, accessible to both blockchain-enabled programs and off-chain applications. By aggregating data from first-party data providers, Pyth ensures the provision of high-quality, real-time pricing information.
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MorphL2 Blockchain
Morph is a fully permissionless EVM L2 that uses a combination of optimistic and zero knowledge rollup technology to enable limitless possibilities in finance, gaming, social media, and entertainment. Morph is the first Layer 2 on Ethereum to launch with a decentralized sequencer, aligning it with several core principles of web3 — decentralization, censorship resistance, and security. The blockchain was built with mainstream audiences like gamers and social media users in mind, making it a user-friendly option for developers who require a chain to build these types of apps on.