Guide to PYTH Staking for Airdrop Opportunities

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There is a possibility that they will airdrop tokens to PYTH stakers upon the token’s launch. In the following article, azc.news will guide you on how to stake PYTH to potentially receive airdrops from various promising projects.

Introduction to Pyth Network (PYTH)

Pyth Network is an oracle solution that provides highly accurate market data from professional traders and exchanges for smart contracts. The goal of Pyth Network is to offer prices for every asset on the blockchain and empower asset owners and data users. Currently, many projects are utilizing the oracle services provided by Pyth Network.

The potential to receive airdrops from projects using Pyth Network’s services is high when staking PYTH, similar to projects utilizing Celestia’s Data Availability (DA) service that airdropped to TIA stakers.

Guide to PYTH Staking

Step 1: Download the Phantom wallet extension to your browser and create a new wallet.

Step 2: Purchase PYTH and transfer it to your wallet; you can buy PYTH from centralized exchanges (CEX) such as Binance, OKX, Bybit, etc.

Note: Make sure to have additional SOL for gas fees on the Solana network.

Step 3: Visit staking.pyth.network, then click on STAKE.

Step 4: Choose the amount of tokens you want to stake, then click STAKE. Confirm the transaction on your Phantom wallet to complete the process.

Note: If you decide to unstake, the system will automatically unlock your PYTH every Thursday.

Step 5: Visit tinyurl.com/pyth-vote and proceed to vote on various Proposals.

Guide to Obtaining Roles in Pyth Network Discord

Step 1: Access the Pyth Network Discord channel and verify your identity.

Step 2: Claim the Pythian role.

Visit the “claim-pythian” channel and click on the snake emoji to claim the Pythian role.

Step 3: Claim the Pyth Holder role.

To obtain this role, you need to hold at least 1 PYTH in your wallet, and this PYTH should not be staked. Access the “pyth-holders-verify” channel, then click on the link https://matrica.io/.

On the matrica.io website, connect with the wallet containing your PYTH tokens. Go to settings and link your account with Discord.

Wait for some time for the system to update. Once successful, the Pyth Network logo will appear next to your name.

Conclusion

The above instructions from azc.news cover all the steps to stake PYTH tokens and increase your chances of receiving airdrops from projects within the Pyth Network ecosystem. We wish you success in your endeavors and hope you receive airdrops soon.