Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Solana Forum => Topic started by: Metha Wulandarin on February 09, 2024, 06:26:55 PM

Title: The PYTH Ecosystem and the future of PYTH
Post by: Metha Wulandarin on February 09, 2024, 06:26:55 PM
Pyth Retrospective Airdrop: Phase 2 - Decentralized Apps

Who is Eligible?
The 160+ applications eligible for the second phase of the Retrospective Airdrop program span a number of DeFi use cases, including DEXs, borrow/lending, structured products, stablecoin protocols, and even data analytics and decision intelligence.

The eligible dApps can be found below. Readers can look forward to many of these app teams and founders, if not all of them, announcing their own activities and roadmaps on how they will use their PYTH Token allocations.

Check All Ecosystem : https://pyth.network/blog/pyth-network-retrospective-airdrop-second-phase (https://pyth.network/blog/pyth-network-retrospective-airdrop-second-phase)
(https://i.ibb.co/Lrxfn5R/IMG-20240210-000034.jpg)

Total Token for pyth community ecosystem is 52%
New unlock 7%
 of the 160 dex, later you can add allocation from pyth for the community.
Including: Jupiter, Zerolend, Layerbank, Kiloex, Mode Network, and many more.
(https://i.ibb.co/VxYxzdF/IMG-20240209-232602-896.jpg)
Resource  : https://mode.mirror.xyz/hz48dT9RPnJU_sKhOtiYE1weQn1YMzAY_W4jwtubHh8 (https://mode.mirror.xyz/hz48dT9RPnJU_sKhOtiYE1weQn1YMzAY_W4jwtubHh8)

PYTH Tokens to a number of stakeholders throughout the Pyth Network ecosystem. Approximately 30,000 SynFutures traders who have traded on zkSync Era can share in the airdrop rewards.
(https://i.ibb.co/Jkx4RZ6/IMG-20240210-000949-867.jpg)
Resource : https://medium.com/synfutures/synfutures-to-receive-pyth-tokens-through-pyth-network-retrospective-airdrop-program-bc6931ec28b2 (https://medium.com/synfutures/synfutures-to-receive-pyth-tokens-through-pyth-network-retrospective-airdrop-program-bc6931ec28b2)

There is now 1B pyth at stake
(https://i.ibb.co/rxhc5bk/20240210-002206.png)
Resource : https://twitter.com/PythNetwork/status/1755864154018365452?t=1nTRAII1wxwu1xTji75W7Q&s=19 (https://twitter.com/PythNetwork/status/1755864154018365452?t=1nTRAII1wxwu1xTji75W7Q&s=19)

Has anyone here joined or staked pyth coins?
Title: Re: The PYTH Ecosystem and the future of PYTH
Post by: rdluffy on February 09, 2024, 07:41:26 PM
I use some of these 160 services that they're reporting will have some kind of airdrop, but I don't know if I'll qualify because I don't have a lot of volume yet and I haven't been using them that long

Are you staking PYTH?

There are so many projects these days that I can't keep up with them all and PYTH is one that I've put on the side for a while, but the price of the coin reflects the interest well, there are a lot of people betting on it
Title: Re: The PYTH Ecosystem and the future of PYTH
Post by: Metha Wulandarin on February 10, 2024, 03:24:24 PM
Are you staking PYTH?
Yes I am risking PYTH but in a small amount maybe for now there is no value but if PYTH continues to grow like its parent coin (SOL) maybe it is enough to buy one Toyota Camry car.
I hope you can manage your time to keep checking all the projects you follow because there will be many projects that have the potential to provide airdrops in the future and if possible leave your money to make transactions in the PYTH ecosystem regardless of the nominal even if it is in small amounts
Title: Re: The PYTH Ecosystem and the future of PYTH
Post by: rdluffy on February 10, 2024, 08:21:16 PM
Yes I am risking PYTH but in a small amount maybe for now there is no value but if PYTH continues to grow like its parent coin (SOL) maybe it is enough to buy one Toyota Camry car.
I hope you can manage your time to keep checking all the projects you follow because there will be many projects that have the potential to provide airdrops in the future and if possible leave your money to make transactions in the PYTH ecosystem regardless of the nominal even if it is in small amounts

It's in my list already, right now I'm learning more about LayerZero and Zksync, and I'll try to learn more about Pyth
I read in X (Twitter) that people consider 1000 PYTH a good amount to stake for a possible airdrop, but right now I don't think I can afford this amount hehehe, maybe 100
Title: Re: The PYTH Ecosystem and the future of PYTH
Post by: Metha Wulandarin on February 11, 2024, 09:12:16 AM
It's in my list already, right now I'm learning more about LayerZero and Zksync, and I'll try to learn more about Pyth
I read in X (Twitter) that people consider 1000 PYTH a good amount to stake for a possible airdrop, but right now I don't think I can afford this amount hehehe, maybe 100
For LayerZero until now I have never interacted in the ecosystem but for zkSync I have interacted quite a lot in the zkSync network.
Do you have NFT libertas if you do congratulations the price is now 0.1 ETH or the equivalent of $250 at the current rate.
Yesterday I saw on Twitter (X) someone said that the minimum stake was 250 PYTH but in my opinion it was just a suggestion because there was no official announcement from PYTH and I also did not stake that much because I was still exploring the ZKlink network.
Title: Re: The PYTH Ecosystem and the future of PYTH
Post by: KryptoBull on February 12, 2024, 12:17:37 AM
For LayerZero until now I have never interacted in the ecosystem but for zkSync I have interacted quite a lot in the zkSync network.
Do you have NFT libertas if you do congratulations the price is now 0.1 ETH or the equivalent of $250 at the current rate.
Yesterday I saw on Twitter (X) someone said that the minimum stake was 250 PYTH but in my opinion it was just a suggestion because there was no official announcement from PYTH and I also did not stake that much because I was still exploring the ZKlink network.
Ethereum has Chainlink, Solana has Pyth. I believe that PYTH can compete with LINK in the Oracle field because the Solana ecosystem is growing very quickly, the demand for using Pyth will be huge.

Unfortunately I don't use these services on Solana, if I invested I would just buy tokens and stake on Binance. I also want to try participating in Pyth's retroactive but haven't been able to spend time on them even though I know that they have great potential and can bring great income to participants.
Title: Re: The PYTH Ecosystem and the future of PYTH
Post by: Metha Wulandarin on February 12, 2024, 11:46:57 AM
Ethereum has Chainlink, Solana has Pyth. I believe that PYTH can compete with LINK in the Oracle field because the Solana ecosystem is growing very quickly, the demand for using Pyth will be huge.

Unfortunately I don't use these services on Solana, if I invested I would just buy tokens and stake on Binance. I also want to try participating in Pyth's retroactive but haven't been able to spend time on them even though I know that they have great potential and can bring great income to participants.
Developers from PYTH have prepared 500,000 $pyth for projects in the PYTH ecosystem, this is official information from their discord account.
Maybe you should increase your work hours, relax less with social media that is less useful in real life, focus on the definite and passive but if you like challenges you can add to it by exploring the airdrop community.
Title: Re: The PYTH Ecosystem and the future of PYTH
Post by: rdluffy on February 12, 2024, 01:45:09 PM
For LayerZero until now I have never interacted in the ecosystem but for zkSync I have interacted quite a lot in the zkSync network.
Do you have NFT libertas if you do congratulations the price is now 0.1 ETH or the equivalent of $250 at the current rate.
Yesterday I saw on Twitter (X) someone said that the minimum stake was 250 PYTH but in my opinion it was just a suggestion because there was no official announcement from PYTH and I also did not stake that much because I was still exploring the ZKlink network.

I don't have this NFT libertas, and in fact I don't have any NFT  :P, I just interact with the services, with the blockchains, make bridges and so on, otherwise a lot of money is spent on a lot of uncertainty

250 PYTH at today's exchange rate is around 140 dollars, it's not that high and it may pay to leave it in stake to "run the risk" of being eligible for an airdrop

1000 pyth is already 550 dollars, if you really believe in the coin's potential, it's also a reasonable amount to invest and can pay off, but I can't at the moment
Too much to explore right now hehe
Title: Re: The PYTH Ecosystem and the future of PYTH
Post by: MrSpasybo on February 12, 2024, 07:22:50 PM
The 160+ applications eligible for the second phase of the Retrospective Airdrop program span a number of DeFi use cases, including DEXs, borrow/lending, structured products, stablecoin protocols, and even data analytics and decision intelligence.
Hope airdrop participants will receive many rewards from Pyth. This event can help Pyth be promoted very effectively in this very crowded crypto market.

I do not participate in Airdrop nor Retroactive, I am just a normal investor and PYTH token on CEXs is my goal, although the reward from airdrop is also really attractive. I look forward to the positive impact of the airdrop on the PYTH token price chart in the future. Currently what I see is a very strong recovery of PYTH token in the past month, confirming real demand from investors for PYTH token.

(https://www.tradingview.com/x/uwaNKyjO/)
Title: Re: The PYTH Ecosystem and the future of PYTH
Post by: Metha Wulandarin on February 13, 2024, 06:30:17 PM
1000 pyth is already 550 dollars, if you really believe in the coin's potential, it's also a reasonable amount to invest and can pay off, but I can't at the moment
Too much to explore right now hehe
If you are busy and don't have time to explore a project, it doesn't matter, still prioritize passive ones because being retro doesn't guarantee you can get airdrops.
Hope airdrop participants will receive many rewards from Pyth. This event can help Pyth be promoted very effectively in this very crowded crypto market.

I do not participate in Airdrop nor Retroactive, I am just a normal investor and PYTH token on CEXs is my goal, although the reward from airdrop is also really attractive. I look forward to the positive impact of the airdrop on the PYTH token price chart in the future. Currently what I see is a very strong recovery of PYTH token in the past month, confirming real demand from investors for PYTH token.

(https://www.tradingview.com/x/uwaNKyjO/)
Yes you are absolutely right for PYTH is now pumping and many groups or retroactive seekers are joining.
If you become an investor why don't you try staking PYTH on their official website maybe one day you can qualify for an airdrop from PYTH.
Title: Re: The PYTH Ecosystem and the future of PYTH
Post by: kulkhan on February 15, 2024, 08:40:18 PM
I use some of these 160 services that they're reporting will have some kind of airdrop, but I don't know if I'll qualify because I don't have a lot of volume yet and I haven't been using them that long

Are you staking PYTH?

There are so many projects these days that I can't keep up with them all and PYTH is one that I've put on the side for a while, but the price of the coin reflects the interest well, there are a lot of people betting on it
I get some PYTH from airdrop. I think it is strong project. It already viral coin. Huge people involving on PYTH and buying and staking. I also bought Some PYTH and holding it.I want to staking this fantastic coin. It is solana based good project. I think when bull session will come and and Solana price will up then  PYTH will imoon. So who are holding or staking PYTH they will be huge profited there has no doubt.
Title: Re: The PYTH Ecosystem and the future of PYTH
Post by: Google+ on May 19, 2024, 02:39:50 AM
I use some of these 160 services that they're reporting will have some kind of airdrop, but I don't know if I'll qualify because I don't have a lot of volume yet and I haven't been using them that long

Are you staking PYTH?

There are so many projects these days that I can't keep up with them all and PYTH is one that I've put on the side for a while, but the price of the coin reflects the interest well, there are a lot of people betting on it
I get some PYTH from airdrop. I think it is strong project. It already viral coin. Huge people involving on PYTH and buying and staking. I also bought Some PYTH and holding it.I want to staking this fantastic coin. It is solana based good project. I think when bull session will come and and Solana price will up then  PYTH will imoon. So who are holding or staking PYTH they will be huge profited there has no doubt.
Before you hold some of the PYTH you get from this airdrop then you should look at the project they are developing, if the project they are developing can be useful for the people and provide profits for those who contribute to this project then you can hold longer and wait until the price becomes expensive.
Title: Re: The PYTH Ecosystem and the future of PYTH
Post by: Metha Wulandarin on May 19, 2024, 07:39:08 PM
I use some of these 160 services that they're reporting will have some kind of airdrop, but I don't know if I'll qualify because I don't have a lot of volume yet and I haven't been using them that long

Are you staking PYTH?

There are so many projects these days that I can't keep up with them all and PYTH is one that I've put on the side for a while, but the price of the coin reflects the interest well, there are a lot of people betting on it
I get some PYTH from airdrop. I think it is strong project. It already viral coin. Huge people involving on PYTH and buying and staking. I also bought Some PYTH and holding it.I want to staking this fantastic coin. It is solana based good project. I think when bull session will come and and Solana price will up then  PYTH will imoon. So who are holding or staking PYTH they will be huge profited there has no doubt.
If I were you, I would not buy pyth anymore, I would sell it 70% and the rest to contribute to other projects built in the PYTH ecosystem why is that because a system like this is more risky than what we earn later and moreover no one knows from the future of the project.
Title: Re: The PYTH Ecosystem and the future of PYTH
Post by: MrSpasybo on May 20, 2024, 12:28:56 AM
Yes you are absolutely right for PYTH is now pumping and many groups or retroactive seekers are joining.
If you become an investor why don't you try staking PYTH on their official website maybe one day you can qualify for an airdrop from PYTH.
I have considered this possibility as well, but currently the airdrop wave on Solana may have stopped and not many projects are conducting airdrops for PYTH stakers. In addition, 2.13B PYTH tokens will be unlocked soon on May 20th, which is larger than the total circulating supply of 1.5B PYTH. I am really worried that this token unlock event will cause the PYTH price to continue to fall deeply and create temporary losses for PYTH holders.

I think I will wait for PYTH to recover after this token unlock event before continuing to invest in PYTH and stake PYTH through Phantom wallet for higher rewards. I really hope that the PYTH price will not fall below the Fibo 0.618 ~ $0.41 price zone.

(https://www.tradingview.com/x/1HFkp6KJ/)

Title: Re: The PYTH Ecosystem and the future of PYTH
Post by: Metha Wulandarin on May 25, 2024, 09:25:40 PM
Yes you are absolutely right for PYTH is now pumping and many groups or retroactive seekers are joining.
If you become an investor why don't you try staking PYTH on their official website maybe one day you can qualify for an airdrop from PYTH.
I have considered this possibility as well, but currently the airdrop wave on Solana may have stopped and not many projects are conducting airdrops for PYTH stakers. In addition, 2.13B PYTH tokens will be unlocked soon on May 20th, which is larger than the total circulating supply of 1.5B PYTH. I am really worried that this token unlock event will cause the PYTH price to continue to fall deeply and create temporary losses for PYTH holders.

I think I will wait for PYTH to recover after this token unlock event before continuing to invest in PYTH and stake PYTH through Phantom wallet for higher rewards. I really hope that the PYTH price will not fall below the Fibo 0.618 ~ $0.41 price zone.

(https://www.tradingview.com/x/1HFkp6KJ/)

  • Crypto Token Unlocks: AVAX, ARB, PYTH to Distribute $3 Billion in May 2024 (https://www.fxempire.com/news/article/crypto-token-unlocks-avax-arb-pyth-to-distribute-3-billion-in-may-2024-1427010)
Yes I also heard this news on the telegram channel and when I checked in the market it turned out that PYTH had plunged freely down but I still opened a short position but the market said otherwise after I opened a short position pyth immediately reversed direction and I had to close the short position in a state of loss.
Title: Re: The PYTH Ecosystem and the future of PYTH
Post by: MrSpasybo on May 26, 2024, 12:39:30 AM
Yes I also heard this news on the telegram channel and when I checked in the market it turned out that PYTH had plunged freely down but I still opened a short position but the market said otherwise after I opened a short position pyth immediately reversed direction and I had to close the short position in a state of loss.
Condolences on your stop-loss, but I hope you will soon regain your profits from future investment decisions. Stop-loss protects your assets and opportunities in this market ^^

PYTH price has been on a continuous downtrend since mid-March, possibly due to the news of the token unlock event in May being reflected in the price chart. Surprisingly, right after billions of PYTH tokens were unlocked, PYTH price surged from $0.36 to $0.5, confusing many investors. It is possible that PYTH holders did not have a plan to sell immediately after receiving unlocked tokens, they continued to hold and find ways to pump PYTH price to sell at a higher price in the future. I also have high expectations for the future of PYTH token and Pyth Network as it is the only oracle that can compete with ChainLink in this bullrun. Other oracles like Band or DIA seem to have been forgotten in the oracle sector.
Title: Re: The PYTH Ecosystem and the future of PYTH
Post by: Metha Wulandarin on May 26, 2024, 09:15:15 PM
Yes I also heard this news on the telegram channel and when I checked in the market it turned out that PYTH had plunged freely down but I still opened a short position but the market said otherwise after I opened a short position pyth immediately reversed direction and I had to close the short position in a state of loss.
Condolences on your stop-loss, but I hope you will soon regain your profits from future investment decisions. Stop-loss protects your assets and opportunities in this market ^^

PYTH price has been on a continuous downtrend since mid-March, possibly due to the news of the token unlock event in May being reflected in the price chart. Surprisingly, right after billions of PYTH tokens were unlocked, PYTH price surged from $0.36 to $0.5, confusing many investors. It is possible that PYTH holders did not have a plan to sell immediately after receiving unlocked tokens, they continued to hold and find ways to pump PYTH price to sell at a higher price in the future. I also have high expectations for the future of PYTH token and Pyth Network as it is the only oracle that can compete with ChainLink in this bullrun. Other oracles like Band or DIA seem to have been forgotten in the oracle sector.
There are many possibilities why the PYTH coin spiked up after the token opening.
It could be that there are those who are not interested in selling it or after the token opening investors immediately stake on the PYTH platform or it could be that investors want to sell it later when the Altcoin season occurs.
Title: Re: The PYTH Ecosystem and the future of PYTH
Post by: MrSpasybo on May 27, 2024, 10:26:23 PM
There are many possibilities why the PYTH coin spiked up after the token opening.
It could be that there are those who are not interested in selling it or after the token opening investors immediately stake on the PYTH platform or it could be that investors want to sell it later when the Altcoin season occurs.
There are many possibilities and we cannot know for sure. Sometimes, weak hands sold PYTH tokens before the token unlock event, while early investors decided to hold and pump PYTH price to get more profits in the future. The crypto market is really interesting and beyond our simple predictions!

I hope that PYTH price will continue to grow in the future to promote the overall development of the Solana ecosystem. I don't want Solana to be known only for memecoins, I also want the oracle market to be more vibrant thanks to the competition between Chainlink and Pyth!
Title: Re: The PYTH Ecosystem and the future of PYTH
Post by: Metha Wulandarin on May 29, 2024, 11:53:34 AM
There are many possibilities why the PYTH coin spiked up after the token opening.
It could be that there are those who are not interested in selling it or after the token opening investors immediately stake on the PYTH platform or it could be that investors want to sell it later when the Altcoin season occurs.
There are many possibilities and we cannot know for sure. Sometimes, weak hands sold PYTH tokens before the token unlock event, while early investors decided to hold and pump PYTH price to get more profits in the future. The crypto market is really interesting and beyond our simple predictions!

I hope that PYTH price will continue to grow in the future to promote the overall development of the Solana ecosystem. I don't want Solana to be known only for memecoins, I also want the oracle market to be more vibrant thanks to the competition between Chainlink and Pyth!
Even though I don't own pyth anymore, I'm still holding on to pyth unlike other projects, of course, you know many projects that were hype at the beginning of TGE and disappeared after listing in the market.
If I look at the volume and X accounts they remain active and continue to do fan updates in different communities on telegram I see that there are still many who are staking and holding PYTH.
Title: Re: The PYTH Ecosystem and the future of PYTH
Post by: MrSpasybo on May 29, 2024, 09:48:05 PM
Even though I don't own pyth anymore, I'm still holding on to pyth unlike other projects, of course, you know many projects that were hype at the beginning of TGE and disappeared after listing in the market.
If I look at the volume and X accounts they remain active and continue to do fan updates in different communities on telegram I see that there are still many who are staking and holding PYTH.
Yeah, looking at Pyth's profile, we can rest assured that Pyth is not a scam project or will disappear soon in the future. Pyth is invested by large funds such as Multicoin Capital, Delphi Digital and Wintermute, meaning that this project has been carefully reviewed by the teams of these funds, and we have the right to believe that they are really serious when investing in Pyth.

In terms of solutions, Pyth can compete with Chainlink in the oracle sector by providing real-time prices for smart contracts on multiple blockchains. With the explosion of DeFi and RWA in the future, we will see the development of Pyth like what Chainlink achieved in the bullrun 2021.