Search results for "PIP"
$MORPHO reached a high of $2.632, or may be influenced by the Polygon community's release of the Polygon PoS Cross-Chain Interaction Liquidity proposal. Gate.io News: The Polygon community has released the "Polygon PoS Cross-Chain Interaction Liquidity Plan" pre-PIP improvement proposal. The proposal includes discussions on gradually deploying the 1.3 billion stablecoin reserves of the Polygon PoS Portal Cross-Chain Interaction bridge into the planned Liquidity pool. The proposal suggests Morpho Vaults and Markets as the underlying Liquidity protocol, Allez Labs as the system's curator/risk manager, USTB from Superstate, sUSDS from Maker, and stUSD from Angle as RWA and DeFi collateral, with Yearn as the reward program manager. Gate.io data shows that the price of $MORPHO has risen by 6.84% in the past 24 hours, with a current price of $2.54, a market capitalization of $274.43M, and a 24-hour trading volume of $21.09M.
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Messari has released the Pyth Network Status Report for the first quarter of 2024, according to a report by Jinse Finance. The report shows: ·In the first quarter, demand-side activity rose by 97%, and Pyth released 48 billion pulloracle updates. ·Pyth's total value obtained increased by 322% on a month-on-month basis, reaching $7.2 billion (including Ethena). It has added support for 41 new price feeds, expanded to 9 new blockchains, and integrated into 35 new applications. · Pyth has added 7 new data providers, bringing the total number of publishers on its network to 100 in the first quarter. · The betting amount of PYTH has increased by 92% compared to the previous period. This increase, combined with a 206% increase in PYTH price, has resulted in a 489% increase in the value of PYTH calculated in US dollars, from 215 million US dollars to 1.3 billion US dollars. ·The Pyth DAO launched its operations in the first quarter, approving the DAO Charter, establishing the Pythian and Price Feedback Committees, and initiating the execution of Pyth Operational Improvement Proposals (PIPs).
Golden Finance reported that Polygon has launched the first phase of zkPoS, aiming to connect Polygon PoS with AggLayer. zkPoS Phase 1 adopts a brand new ZK verifier supported by the Plonky3 proof system from Succinct Labs, enabling AggLayer to verify network consensus. After integration, AggLayer's TVL will increase by more than 20 billion US dollars. Polygon plans to propose a formal PIP in the autumn and intends to deploy the connection between Polygon PoS and AggLayer by the end of this year. This is part of the long-term strategy to transition Polygon PoS to zkEVM Validium.