Why you should be staking PYTH
The Airdrops Will Be Pouring In Soon
Time 2 minutes
Total cost ∼ $400 (1000 $PYTH)
Potential reward $20,000+
What is Pyth?
@PythNetwork is the leading oracle in the Solana ecosystem and provides on-chain financial data for DeFi applications. They offer real-time prices for cryptocurrencies, FX, and equities, They are currently the fastest growing first-party oracle network.
In December 2023 Pyth raised an undisclosed funding from some of the biggest crypto investors, just have a look at the list below
How to stake PYTH
Install a Solana wallet
â—† Go to http://phantom.app/download
â—† Download the wallet
â—† Set it up
Transfer funds to your phantom wallet
You have two options:
1. Buy PYTH from a CEX
â—† Transfer PYTH to your Solana address
2. Buy SOL/USDC from a CEX
â—†Transfer PYTH to your Solana address
â—† Go to http://jup.ag
â—† Swap SOL/USDC to PYTH (qualifies for JUP airdrop)
Stake PYTH
Rewards are based on the following
â—† Length of staked tokens
â—† Amount of tokens staked
â—† Increase in stake amount over time
Go to https://staking.pyth.network
â—† Connect your wallet
â—† Enter the amount you wish to stake and confirm
Note that unstaking takes 7 days.
Governance voting
â—† Go to https://app.realms.today/dao/PYTH
â—† Be an active user
â—† Vote on any proposal
â—† Check this once a week
â—† Your goal should be to try and stake 1000 or more $PYTH.
â—† You will position yourself for future airdrops, just have a look at this picture of the ecosystem (and it is growing)
