Grace ℏ
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Today, we are excited to reveal a partnership with the @HBAR_foundation to bring all 400+ Pyth Price Feeds to @hedera 🔮 HLiquity is the first DeFi application on Hedera to be Powered by Pyth. Learn more about this launch below: ℹ️ About the HBAR Foundation The HBAR Foundation supports the creation of Web3 communities built on the Hedera network, by empowering and funding the builders developing these communities. The Foundation's six funds - focused on the Crypto Economy, Consumer Engagement, Sustainability, Fintech, Privacy, and Female Founders - each support communities within those areas, and the interconnectedness enables applications to participate as part of a larger ecosystem. The collective power of these funds enables entrepreneurs, developers, and enterprises of all sizes to tackle some of the world's largest problems and create and control their own economies, all built on the Hedera public network. Whether you're building something new or migrating an existing EVM-based application and community, the HBAR Foundation is here to support you. 🔮 Pyth Data on Hedera The deployment of the Price Feeds and Pyth Benchmarks marks a pivotal moment for the Hedera DeFi ecosystem Pyth Network offers an expansive suite of over 400 real-time price feeds across digital assets, foreign exchange pairs, commodities, equities, and ETFs Developers on Hedera can permissionlessly access any of these data feeds to power their smart contract applications and build out the next generation of blockchain-enhanced financial services As a matter of fact, we’re happy to reveal @swisscoast as the first DeFi app using Pyth Data on Hedera. HLiquity is a decentralized borrowing protocol that allows you to draw interest-free loans against $HBAR. Loans are paid out in $HCHF (a CHF-pegged stable on-chain currency) and must maintain a minimum collateral ratio of 110%. Thanks to Pyth Price Feeds, HLiquity can continuously monitor the current price of HBAR and CHF and ensure that all user vaults and the overall protocol remain over-collateralized 🗣️ Quotes “Public Oracle price feeds are a critical component for growth as lending is often seen as the crux of economic behavior. This infrastructure is a huge milestone to spur the development of innovative financial instruments on Hedera and we are ecstatic to partner with Pyth not only for the incredible tech but our alignment of a long-term strategic vision.” — HBAR Foundation Director of Business Development Grace Pfluger “Embracing Pyth Price Feeds on Hedera with HLiquity showcases a new era of DeFi, ensuring precise and timely collateral valuation for our users. This is a significant milestone for HLiquity, demonstrating our commitment to leveraging cutting-edge technology for enhanced financial solutions.” — Reto Habegger, COO at Swisscoast
🧗 SaucerSwap Climbs to #18! In the past month, SaucerSwap's TVL has soared by over 70%, overtaking established protocols such as Bancor and Quickswap in ranking. We welcome everyone to experience firsthand why @Hedera DeFi is on a path of accelerated adoption.
🛠️ The #Hedera Wallet Snap enables developers to seamlessly integrate Hedera into @MetaMask-based decentralized applications. Check out the tutorial below for a comprehensive guide on everything you need to know when utilizing snaps for your dApp! docs.hedera.com/hedera/open-so…
#Hedera is now connected to 30,000,000+ monthly active users via @MetaMask Snap 🦊 Join us at 11 AM ET tomorrow to learn everything about @Hedera Wallet Snap with @Consensys, @TuumTech, and @genfinity 👇 twitter.com/i/spaces/1OyJA…