Re7 Labs Joins Hands With Pyth to Advance Morpho’s Lending Vaults

Re7 Labs recently joined hands with Pyth, a top data infrastructure platform, to set new standards for Morpho's lending and borrowing vaults.

Re7 Labs, the creator of MetaMorpho, announced a partnership with Pyth, a leading data infrastructure platform, to advance Morpho’s lending and borrowing vaults. This partnership aims to revolutionize borrowing and lending in the decentralized finance ecosystem.

The collaboration will see Pyth's technology integrated into the lending vaults on the Base protocol, aiming to provide cutting-edge technology and risk management tools. This partnership aims to enhance the competitive edge of Morpho’s lending vaults and improve the user experience.

According to the announcement, Re7 and Morpho considered the first-party oracle, Pyth, as the most suitable alternative for lending vault upgrades due to several advantages. These advantages include its interoperability with a number of blockchains, reliability, and low latency in the transfer of data from one blockchain to another. Pyth will ensure that the vaults on the Base protocol are stable, fetch updated data, and are safe for users.

“Pyth oracles seal TVL across different applications and chains. We use them every day in DeFi. We’re excited to announce the launch of Pyth MetaMorpho vaults that expand the use of trusted Pyth infra with the flexible Morpho Blue system,” said Royce from Re7.

This collaboration will see the creation of Pyth MetaMorpho vaults, aiming to promote the widespread expansion of Pyth infra alongside the Morpho Blue system.

MetaMorpho is an open-source DeFi protocol that facilitates permissionless lending vaults on the Morpho Blue protocol. The vaults are decentralized, with permissionless vault creation that allows any user to create vaults. Each vault created on Morpho Blue contains one loan asset and can distribute funds to a number of Morpho Blue markets.

The alliance will create an open marketplace that will allow users to capitalize on liquidation LTVs, collateral sections, caps, oracles, and more on the Morpho vaults. The marketplace will also allow specialists from organizations such as Re7 Labs to curate the vaults to promote a suitable user experience and enhance the vault’s liquidity. Re7 Labs supports more than 200 protocols in more than 20 different chains.