Granite Protocol Expands DeFi Ecosystem with Integration of Pyth Oracle on Stacks Blockchain
CAYMAN ISLANDS – 12/01/2025 – (SeaPRwire) – Granite, an innovative liquidity protocol built on the Stacks Bitcoin Layer 2, is further expanding its contributions to the Bitcoin DeFi ecosystem by integrating the Pyth Oracle. The move represents a significant milestone in the quest to bring decentralized financial solutions to the Bitcoin network. By incorporating Pyth’s trusted, real-time price feeds into its platform, Granite enables smart contracts on Stacks to interact with high-quality financial data that is essential for precise asset pricing. This addition will not only enhance the accuracy of trades but also open the doors to more advanced decentralized finance (DeFi) applications on Bitcoin’s Layer 2 solution, positioning Granite as a key player in this rapidly growing space.
Pyth, which is a decentralized oracle network, has made a name for itself by providing real-time, high-quality price data that is resistant to tampering, a crucial component for decentralized finance applications. Pyth is known for offering direct price feeds sourced from some of the world’s most reputable financial institutions, such as exchanges, trading firms, and liquidity providers. This stands in stark contrast to many other oracles that rely on a network of intermediaries, which can result in slower or less reliable data. By relying on direct feeds from the financial world’s top players, Pyth ensures that Granite’s DeFi users receive the most up-to-date and trustworthy data available, minimizing the risks associated with inaccurate or delayed pricing.
Granite’s decision to bring Pyth to Stacks is a strategic move to propel Bitcoin DeFi into a new era of efficiency, reliability, and innovation. As DeFi protocols continue to evolve, the need for accurate, real-time market data becomes ever more pressing. Blaize Wallace, a founding contributor to the Granite Protocol, emphasized the importance of reliable data feeds in powering a decentralized ecosystem. “Accurate, on-demand price data is the lifeblood of any DeFi ecosystem,” Wallace remarked. “Oracles are fundamental in allowing protocols like Granite to seamlessly integrate assets such as stablecoins and sBTC. By integrating Pyth with Stacks, we are laying the groundwork for the next wave of DeFi innovation on Bitcoin Layer 2 networks.”
Initially maintained by Hiro Systems, the Pyth Oracle on Stacks has now been handed over to Granite Protocol contributors under the guidance of Trust Machines, marking a new phase of development for the platform. Recently audited by the Clarity Alliance, the Pyth oracle has undergone several upgrades to improve its functionality and make it more accessible to DeFi developers. With these improvements, Granite’s integration of Pyth will now offer a more consistent and streamlined experience for projects looking to access reliable financial data, ensuring a smoother interaction compared to similar oracle integrations across other blockchain ecosystems.
Pyth’s reputation for delivering high-quality, reliable price data is well-established across the blockchain space. With over 500 data feeds spanning 80 blockchains and 400 decentralized applications (dApps), Pyth is trusted by some of the largest and most influential DeFi projects. Its decentralized approach provides transparency and security that is paramount in a space where accurate data is essential for effective risk management.
Granite Protocol is designed to solve some of the most pressing challenges in the Bitcoin DeFi landscape, particularly around lending and borrowing. As a liquidity protocol, Granite empowers users to unlock the value of their Bitcoin by borrowing stablecoins, all while eliminating the risks typically associated with counterparties or rehypothecation. By integrating Pyth’s low-latency price feeds into its ecosystem, Granite ensures that it can offer reliable, up-to-date, and competitive pricing data for users, further enhancing the protocol’s functionality.
With a focus on building a secure and risk-averse environment for Bitcoin DeFi, Granite has undergone extensive audits by leading firms and whitehat hackers to ensure the safety of its platform. The team behind Granite remains committed to delivering a robust, user-friendly DeFi experience that continues to meet the needs of an ever-growing global community of Bitcoin enthusiasts and DeFi participants.
To learn more about the Pyth Oracle integration and access the latest data feeds, developers and users can visit Granite’s official GitHub page. For more information about Granite Protocol, please visit Granite’s official website.
About Granite Protocol
Granite Protocol is a cutting-edge Bitcoin liquidity protocol designed to function on the Stacks blockchain. It allows borrowers to use Bitcoin as collateral in exchange for stablecoin loans, all without the risks associated with counterparty exposure or rehypothecation. In addition, liquidity providers can earn competitive yields by contributing to the pool, which is then used to support the loans issued to borrowers. Granite was incubated by Trust Machines, a pioneering organization in the blockchain space, and continues to work towards a future where decentralized finance on Bitcoin is secure, scalable, and risk-free.
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