Mage Finance Introduces Pioneering Bitcoin Lending Approach on MerlinChain
Mage Finance Introduces Pioneering Bitcoin Lending Approach on MerlinChain
🔮 Unlock Bitcoin DeFi
Mage Finance has launched a decentralized Bitcoin money market on MerlinChain's zk-rollup technology, allowing users to lend, borrow, and earn with Bitcoin assets within the DeFi ecosystem. The Mage Chain, recognized as the first Bitcoin L3 appchain, aims to improve interoperability and security in the CeFi sector through advanced technologies like zk-DID. Mage Finance leverages Pyth Price Feeds for real-time and high-quality financial data, ensuring precision and reliability on its platform.
Unlock the alchemy of your assets with Mage Finance 🧙♂️ @Mage_Finance introduces a pioneering approach to Bitcoin lending through its development on @MerlinLayer2 and is powered by Pyth. Learn more about our integration below: ℹ️ About Mage Finance Mage Finance represents a
The hopes of DeFi start with Avalon 🔮 @avalonfinance_ is the leading decentralized lending protocol on @MerlinLayer2 and is now powered by Pyth. Learn more about our integration below: ℹ️ About Avalon Finance As the leading lending protocol on Merlin, Avalon features
Pyth Network Adds $INIT and $HYPER Tokens
Two major blockchain tokens have joined the Pyth Network ecosystem: - **$INIT**: Initia's native token is now live on Pyth, accessible across 100+ blockchains - **$HYPER**: Hyperlane's native token received a day-1 listing due to high demand, also available on 100+ blockchains permissionlessly Both integrations expand cross-chain accessibility and price feed availability for these tokens through Pyth's oracle network.
Proof of Pyth Continues Expansion
Pyth Network continues its steady expansion across blockchain ecosystems, with recent integration on TON blockchain marking its latest milestone. The oracle network now provides price feeds on over 100 blockchains permissionlessly. Key developments: - Integration with TON blockchain - Launch of syUSD with Pyth price feeds - Public backing from Pyth MDPs (Market Data Partners) - Integration with TradeOnDESK platform Pyth's consistent growth demonstrates increasing adoption of decentralized oracle services across DeFi ecosystems.
Pyth Network Expands with ZORA Token Integration
Pyth Network has expanded its oracle services with the integration of $ZORA, the native token of Zora protocol. The price feed is now accessible across more than 100 blockchains in a permissionless manner. Key Updates: - $ZORA/USD price feed now live on Pyth Network - Available on 100+ blockchain networks - Permissionless integration capabilities Developers can integrate $ZORA price feeds through the [Pyth Network interface](https://www.pyth.network/price-feeds/crypto-zora-usd).
Express Relay: A Solution to DeFi's MEV Problem
**Express Relay** introduces a new approach to combat Miner Extractable Value (MEV) in DeFi, which has cost users over $150M. Key features: - Protocols auction trades to verified searchers off-chain - Direct execution between searchers and protocols - Eliminates validator interference and hidden fees - Average 65% savings in liquidation bonuses Partners include major firms like Wintermute, Flow Traders, and Auros Global. Learn more: [Express Relay Documentation](https://docs.pyth.network/express-relay)
Pyth Price Feed Council Election Enters Final Phase
The Pyth Network's Price Feed Council election is reaching its conclusion. This critical vote will determine the council members responsible for: - Managing Pyth's available price feed list - Overseeing delegate publisher selection **Key Details:** - Voting platform: [Realms](https://app.realms.today/dao/PYTH/proposal/55zfNQK3EUZf5516sysMJDMcRpyy9qUuMksmaZfM7xev) - Multiple candidates including @ndiakom, @totomanov, @Mariobern_, @LawrenceGS, @silverfox8465, @xbtogroup, and @GuruXing Cast your vote now to help shape Pyth's future governance.