Pyth Governance Distribution Phase 2 Now Live for Eligible Synthetix Users

We’re thrilled to announce that Phase 2 of the Pyth Governance Distribution is now full and prepared for eligible members to assert their tokens.

We’re thrilled to announce that Phase 2 of the Pyth Governance Distribution is now full and prepared for eligible governance members 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.

Phase 2 Distribution Particulars

Phase 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 Phase 2 stay per our earlier distribution. Nevertheless, to make sure most alignment with Pyth governance, this section contains an extra requirement:

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

Learn how to Declare Your Pyth Tokens

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

1. Head to https://app.streamflow.finance/airdrop with the Solana pockets you submitted by way of Appy on the Synthetix Discord
2. Check in and confirm your pockets
   1. In case you’re utilizing Ledger/Squad, click on the mandatory button on Streamflow.
3. On the airdrops web page, you will note the Pyth Governance Distribution Phase 2 airdrop
4. Declare your tokens and begin taking part in Pyth governance

Be aware: 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 phases and deepening the connection between the Synthetix and Pyth communities. By distributing further PYTH governance tokens to engaged neighborhood members, we purpose to reinforce energetic 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 beneficial 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 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:

1. Extra Price Rebates: Pyth stakers buying and selling on Synthetix Perps might be eligible for further charge rebates, on high of the prevailing ARB LTIP charge rebates.
2. 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 small print of this program are nonetheless being finalized. We’re working diligently to create a rewards construction that gives vital worth to members whereas making certain sustainability and alignment with each protocols’ goals.

Subsequent Steps

1. Examine your eligibility for Phase 2 of the distribution.
2. Declare your PYTH tokens utilizing the offered hyperlink.
3. Interact with the Pyth neighborhood and take part in governance selections.
4. Keep knowledgeable in regards to the upcoming Synthetix-Pyth collaboration on Arbitrum.

Any Questions?

When you have any questions or feedback, please head on to the Synthetix Discord.