We’re thrilled to announce that Part 2 of the Pyth Governance Distribution is now full and prepared for eligible contributors to say 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 say their tokens. This section builds upon our earlier distribution, additional strengthening the connection between Synthetix and Pyth whereas fostering lively participation in Pyth governance.
Part 2 Distribution Particulars
Part 2 of the distribution is now dwell, 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 according to our earlier distribution. Nevertheless, to make sure most alignment with Pyth governance, this section contains an extra requirement:
Contributors will need to have held and staked their PYTH tokens obtained within the prior distribution earlier than July nineteenth, 2024.
The best way to Declare Your Pyth Tokens
Claiming your Pyth tokens is straightforward. Simply observe 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 required 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
Notice: Unclaimed tokens might be returned to the Synthetix Treasury Council pockets after 28 days.
Strengthening Pyth Governance
This second section of distribution additional reinforces our dedication to supporting Pyth in its early levels and deepening the connection between the Synthetix and Pyth communities. By distributing further PYTH governance tokens to engaged group members, we goal to reinforce lively participation in Pyth governance and contribute to its decentralized future.
Get Concerned in Pyth Governance
In case you’re new to Pyth governance or want a refresher, listed below are some useful assets that will help 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 group 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 interact with Synthetix Perps on Arbitrum:
Further Payment Rebates: Pyth stakers buying and selling on Synthetix Perps might be eligible for additional payment rebates, on high of the prevailing ARB LTIP payment rebates.Cross-Ecosystem Advantages: This initiative is designed to encourage Pyth customers to discover and have interaction with the Synthetix ecosystem on Arbitrum, fostering higher 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 vital worth to contributors whereas making certain sustainability and alignment with each protocols’ targets.
Subsequent Steps
Examine your eligibility for Part 2 of the distribution.Declare your PYTH tokens utilizing the supplied hyperlink.Have interaction with the Pyth group and take part in governance selections.Keep knowledgeable concerning the upcoming Synthetix-Pyth collaboration on Arbitrum.
Any Questions?
If in case you have any questions or feedback, please head on to the Synthetix Discord.
