Pyth Network Unveiled 2nd Phase of Retrospective Airdrop Program

Pyth Network Unveiled 2nd Phase of Retrospective Airdrop Program

Reported by The Block, Pyth Network has unveiled the second phase of its retrospective token airdrop program for 167 decentralized applications that have used the oracle network.

Eligible dapps are those that rely on Pyth’s price data for protocol operations, including transactions, asset valuation and on-chain settlement. Some 100 million PYTH governance tokens — worth around $47 million — will be distributed to the dapps.

“It is an honor to work closely with so many passionate developers pushing the boundaries of decentralized finance and the web3 capital markets,” Pyth Network said in a blog post.

Dapps receiving allocations include Synthetix, Mango Markets, Bonfida, Helium and PancakeSwap, spanning DeFi use cases such as DEXs, borrowing and lending, structured products, stablecoins and data analytics. Eligible dapps will announce their own individual allocations and plans for the tokens separately, Pyth explained in the post. However, a date for when the projects will receive their tokens is yet to be announced.

Source

Oracle

In This Article

Related News
Pyth launches new oracle ‘Lazer’ to offer price feeds to latency-sensitive apps Pyth launches new oracle ‘Lazer’ to offer price feeds to latency-sensitive apps
World Largest Settlement System DTCC and Chainlink Completed Fund Tokenization Pilot Program World Largest Settlement System DTCC and Chainlink Completed Fund Tokenization Pilot Program
Uma Protocol Introduced Oval Allows DeFi Protocols to Capture Oracle Extractable Value Uma Protocol Introduced Oval Allows DeFi Protocols to Capture Oracle Extractable Value
Oracle Network Pyth to Allocate Additional 55M $PYTH Tokens Airdrop for DeFi Users Oracle Network Pyth to Allocate Additional 55M $PYTH Tokens Airdrop for DeFi Users
Latest News More More
1 Day Ago Ethereum community plans onchain ‘time capsule’ to mark 10th anniversary of network’s genesis block
6 Days Ago Circle's post-IPO stock surge pushes market cap near Coinbase and USDC
June 20 Kraken offers bitcoin ‘staking’ yield via Babylon without wrapping or lending
June 17 Trump makes over $57 million from WLFI sales, Truth Social files for Bitcoin and Ethereum combo ETF, and more
June 13 XRP Ledger adopts USDC one week after Circle goes public
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open