Pyth Governance Distribution Phase 2 Now Live for Eligible Synthetix Users

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 part 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 stay, and eligible customers can declare their PYTH tokens on the following hyperlink through Streamflow: Declare Your PYTH Tokens

Eligibility Standards

The eligibility standards for Part 2 stay in step with our earlier distribution. Nonetheless, to make sure most alignment with Pyth governance, this part consists of a further requirement:

Individuals will need to have held and staked their PYTH tokens obtained within the prior distribution earlier than July nineteenth, 2024.

How you can Declare Your Pyth Tokens

Claiming your Pyth tokens is simple. Simply observe these easy steps:

Head to https://app.streamflow.finance/airdrop with the Solana pockets you submitted through 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 taking part in Pyth governance

Notice: Unclaimed tokens shall be returned to the Synthetix Treasury Council pockets after 28 days.

Strengthening Pyth Governance

This second part 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 extra 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

Should you’re new to Pyth governance or want a refresher, listed here are some useful sources 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 extra 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 extra incentives for Pyth stakers who have interaction with Synthetix Perps on Arbitrum:

Further Payment Rebates: Pyth stakers buying and selling on Synthetix Perps shall be eligible for additional payment rebates, on prime 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 larger 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 guaranteeing sustainability and alignment with each protocols’ goals.

Subsequent Steps

Verify your eligibility for Part 2 of the distribution.Declare your PYTH tokens utilizing the supplied hyperlink.Have interaction with the Pyth neighborhood and take part in governance choices.Keep knowledgeable in regards to the upcoming Synthetix-Pyth collaboration on Arbitrum.