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 individuals 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 individuals 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 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. Nonetheless, to make sure most alignment with Pyth governance, this section contains a further requirement:

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

How one 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 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 note the Pyth Governance Distribution Part 2 airdropClaim your tokens and begin taking part in Pyth governance

Observe: Unclaimed tokens shall 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 neighborhood members, we purpose to boost lively participation in Pyth governance and contribute to its decentralized future.

Get Concerned in Pyth Governance

For those who’re new to Pyth governance or want a refresher, listed here are some helpful 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 interact with Synthetix Perps on Arbitrum:

Extra Price Rebates: Pyth stakers buying and selling on Synthetix Perps shall be eligible for additional charge rebates, on high of the present ARB LTIP charge 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 important worth to individuals whereas guaranteeing sustainability and alignment with each protocols’ goals.

Subsequent Steps

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