Pyth Network Airdrop: How to Claim, Steps
The crypto world is buzzing with the news of the upcoming airdrops for $PYTH stakers. With a low cost right now, you can buy 1000 $PYTH. The potential gain appears to be great. This article will guide you through the process of claiming your airdrop in under 5 minutes.
Eligibility: A Retrospective Airdrop
This program is for past community members who have contributed to the network and DeFi participants who were active in the ecosystem. The airdrop is retrospective, meaning only individuals who contributed in the past will be eligible to claim tokens. The Pyth Network Retrospective Airdrop program will distribute PYTH tokens to active community members and DeFi participants who used decentralized applications powered by Pyth data.
If you are eligible, you can claim your tokens by following the instructions on the Pyth Network Retrospective Airdrop page. The airdrop is cross-chain and covers over 90,000 wallets across 27 chains. You may be eligible for the airdrop if you have interacted with dApps that use Pyth data, hold Pyth NFTs, or have a special role in the Discord server.
The Claim Process will check your wallet activity and/or Discord account to calculate how many tokens you are eligible to claim. You can find more information about the eligibility criteria and the claim process on the Pyth Network Retrospective Airdrop page. Good luck! 🤞
The Pyth Network
The Pyth Network is currently the largest and fastest-growing first-party Oracle network. It delivers real-time market data to financial dApps across more than 40 blockchains and provides over 380 low-latency price feeds across various sectors, including crypto, equities, ETFs, FX pairs, and commodities.
Key Metrics
The key metrics for the $PYTH token are as follows:
- Market cap: $498M
- FDV: $3.34B
- Circulating supply: 1.5B (15%)
- Total supply: 10B
- Maximum supply: 10B
Pyth has recently secured undisclosed funding from some of the biggest players in the crypto industry, including Multicoin Capital, Wintermute, Delphi Digital, Castle Island Ventures, and others.
What is an Oracle network?
An oracle network is a system that provides real-world data to a blockchain. It acts as a bridge between the deterministic blockchain ecosystems and the variable nature of real-world data.
In the context of blockchain, oracles are entities that connect blockchains to external systems, thereby enabling smart contracts to execute based upon inputs and outputs from the real world. They play a foundational role in the creation of the verifiable web, connecting blockchains that would otherwise be isolated to off-chain data and computation, and enabling interoperability between blockchains.
Airdrop Steps:
- Install the Phantom wallet: Visit the Phantom website, choose your preferred browser, and download the wallet.
- Purchase tokens and deposit them into your wallet: Visit the CEX you usually use, buy some $PYTH, copy your Solana wallet address, and withdraw $PYTH to your wallet.
- Stake your tokens: Future rewards for stakers will be based on the amount of staked tokens and the length of the staking period. Connect your wallet, enter the amount of $PYTH, and click on “Stake.”. Remember, unstaking requires 7 days!
- Participate in governance voting: If there are any active proposals, it can be beneficial to participate in them.
- Track your wallet: Monitor your rank and gain insight into your position compared to other wallets with the Dune dashboard.
- Potential airdrops for $PYTH stakers include Kamino Finance ($KAM), Monad ($MONAD), Drift Protocol ($DRIFT), Zeta Markets ($ZETA), Marginfi ($MRGN), Cega Finance ($CEGA), Parcl ($PRCL), and others.
Factsheet
- Name: Pyth Network
- Status: Active
- Confidence: High (based on the recent undisclosed funding from major players in the crypto industry)
- Sector: Cryptocurrency / Blockchain
- Chains: Ethereum, Solana, Aptos
Please note that the “confidence” field is subjective and based on the recent developments around the project. Always do your own research before making any investment decisions.
Sources: Pyth network, @0xPepesso and @ardizor on X.