Greater than 500 Pyth worth feeds now powering Morph’s DeFi ecosystem.
Blockchain infrastructure supplier Pyth Community introduced the implementation of its worth feed in Morph testnet. The partnership introduces greater than 500 real-time worth feeds from Pyth, throughout asset lessons, into Morph’s layer 2 platform.
“The partnership between Pyth Community and Morph opens doorways for builders to create cutting-edge DeFi purposes that leverage dependable information and scalable infrastructure, driving innovation within the decentralized finance house,” stated Cecilia Hsueh, co-founder and CEO of Morph.
Morph’s layer 2 answer is designed to enhance the Ethereum scaling expertise by leveraging zero-knowledge (ZK) know-how and optimistic rollups. As well as, Morph focuses on a sequencing infrastructure to strengthen its scalability and decentralization.
Pyth’s worth feed on Morph will safe its decentralized finance (DeFi) ecosystem, permitting protocols to request or “pull” worth updates from the Pythnet appchain as wanted. The implementation will even profit builders, who could have a brand new set of instruments to combine into their sensible contracts.
Morph additionally promotes its ecosystem through Sparkloom initiative, which consists of a hackathon with $18,000 in prizes and an incubator program.