We’re thrilled to announce that Part 2 of the Pyth Governance Distribution is now full and prepared for eligible contributors to assert their tokens.
We’re thrilled to announce that Part 2 of the Pyth Governance Distribution is now full and prepared for eligible governance contributors to assert their tokens. This section builds upon our earlier distribution, additional strengthening the connection between Synthetix and Pyth whereas fostering energetic participation in Pyth governance.
Part 2 Distribution Particulars
Part 2 of the distribution is now reside, and eligible customers can declare their PYTH tokens on the following hyperlink by way of Streamflow: Declare Your PYTH Tokens
Eligibility Standards
The eligibility standards for Part 2 stay in keeping with our earlier distribution. Nevertheless, to make sure most alignment with Pyth governance, this section contains a further requirement:
Contributors will need to have held and staked their PYTH tokens obtained within the prior distribution earlier than July nineteenth, 2024.
Methods to Declare Your Pyth Tokens
Claiming your Pyth tokens is straightforward. Simply comply with these easy steps:
Head to https://app.streamflow.finance/airdrop with the Solana pockets you submitted by way of Appy on the Synthetix DiscordSign in and confirm your walletIf you are utilizing Ledger/Squad, click on the mandatory button on Streamflow.On the airdrops web page, you will notice the Pyth Governance Distribution Part 2 airdropClaim your tokens and begin collaborating in Pyth governance
Word: Unclaimed tokens will likely be returned to the Synthetix Treasury Council pockets after 28 days.Â
Strengthening Pyth Governance
This second section of distribution additional reinforces our dedication to supporting Pyth in its early phases and deepening the connection between the Synthetix and Pyth communities. By distributing further PYTH governance tokens to engaged neighborhood members, we intention to reinforce energetic participation in Pyth governance and contribute to its decentralized future.
Get Concerned in Pyth Governance
In the event you’re new to Pyth governance or want a refresher, listed here are some precious sources that can assist you get began:
Upcoming Collaboration: Synthetix and Pyth on Arbitrum
We’re excited to announce an upcoming collaboration between Synthetix and Pyth designed to reward Pyth stakers and promote the cross-pollination of customers on the Arbitrum community. This initiative goals to create further worth for each Synthetix and Pyth neighborhood members along with Arbitrum LTIP rewards.
Enhanced Rewards for Pyth Stakers
As a part of this collaboration, we’re planning to introduce further incentives for Pyth stakers who have interaction with Synthetix Perps on Arbitrum:
Extra Charge Rebates: Pyth stakers buying and selling on Synthetix Perps will likely be eligible for additional price rebates, on prime of the prevailing ARB LTIP price rebates.Cross-Ecosystem Advantages: This initiative is designed to encourage Pyth customers to discover and interact with the Synthetix ecosystem on Arbitrum, fostering better integration between our communities.
The main points of this program are nonetheless being finalized. We’re working diligently to create a rewards construction that gives important worth to contributors whereas making certain sustainability and alignment with each protocols’ targets.
Subsequent Steps
Verify your eligibility for Part 2 of the distribution.Declare your PYTH tokens utilizing the offered hyperlink.Interact with the Pyth neighborhood and take part in governance selections.Keep knowledgeable concerning the upcoming Synthetix-Pyth collaboration on Arbitrum.
Any Questions?
When you have any questions or feedback, please head on to the Synthetix Discord.
