Pyth Network announces a new grants program
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: May 16 2024- Pyth Ecosystem Grants Program: Pyth Data Association launches a program offering $50 million in PYTH grants to the community for sharing ideas and insights about the Pyth Network.
- Decentralized Finance (DeFi) on Pyth Network: Pyth aids DeFi by providing developers with high-quality price data, supporting over 350 applications across more than 55 blockchains.
- Grant Categories: The Pyth Network grants are divided into Community Grants, Research Grants, and Developer Grants to foster communities, support research, and incentivize tool development.
- Operated by Pyth DAO: The network is operated under a decentralized governance model, empowering stakeholders to shape its future collaboratively.
- Encouraging Development and Research: With $50 million in PYTH tokens available, the program aims to enhance the oracle network through development, research, and community initiatives.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
