A Guide to Projects Offering Airdrops for Staking PYTH

2024.01.17

A Guide to Projects Offering Airdrops for Staking PYTH

This article will guide you through exploring projects that may offer airdrops for staking $PYTH.

2024.01.17 - 02:39:40

Pyth

Navigating Web3 tides with focused insights

This article will guide you through exploring projects that may offer airdrops for staking $PYTH.

Author: Money Bunny

Translation: TechFlow

Pyth Network has already confirmed its airdrop, and this is just the beginning.

Due to the nature of oracle projects, other projects often integrate Pyth's price feeds, creating opportunities for collaborative marketing campaigns.

This article will explore projects that may airdrop tokens to $PYTH stakers.

What is Pyth Network?

Pyth Network is a first-party financial oracle network designed to publish continuous real-world data on-chain in a tamper-proof environment.

Despite being recently launched, Pyth Network already covers over 400 price feeds, 290+ dApps, and 49+ blockchains.

$PYTH Token

The total supply of $PYTH is 1 billion tokens, and this supply will not increase. Additionally, 85% of the tokens were initially locked in contracts.

$PYTH Data:

Current Price: $0.336
All-Time High: $0.56
Market Cap: $503.91 million

Where to Stake?

The token is on the Solana network. Click here to access the staking portal.

Additionally, users can participate in Pyth DAO voting. Click here.

Staking your tokens enables participation in Pyth Network governance. Newly staked tokens become eligible to vote in governance starting from the next epoch. (Epochs begin every Thursday at 00:00 UTC and last 7 days).

To be among the top 10-20% of stakers, it is recommended to stake at least 1,000 $PYTH (approximately $336).

Users can check their staking score via the Dune dashboard. Click here.

Upcoming Airdrop Projects

1. Monad (Raised $19M)

Monad is a high-performance Ethereum-compatible L1 designed to enhance decentralization and scalability.

They completed a $19 million seed round led by Dragonfly, with participation from Lemniscap and Placeholder, among others.

2. Zeta Markets (Raised $8.5M)

Zeta Markets is a DeFi derivatives platform offering centralized exchange speed and user experience with self-custody and transparency on Solana.

Zeta Markets raised $8.5 million in a round led by Jump Capital, with participation from Race Capital, Electric Capital, and DACM.

3. Drift Protocol (Raised $3.8M)

Drift Protocol is a decentralized perpetuals exchange built on Solana.

They successfully raised $3.8 million in a round led by Multicoin Capital, with participation from Jump and Alameda.

4. Polynomial (Raised $1.1M)

Polynomial is a decentralized derivatives trading exchange powered by the Synthetix protocol.

Polynomial Protocol raised $1.1 million in pre-seed funding, led by Acrylic, with participation from Caballeros Capital, GenBlock Capital, and others.