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Pyth Network has introduced a suite of proprietary 24/7 index products covering U.S. equities, metals, and oil, enabling continuous price discovery for assets that traditionally trade only during market hours. Early adopters such as Coinbase, Kraken, dYdX, and Nado are using these indices to launch new markets, including equity index futures co-developed with MarketVector. In parallel, the network promotes community engagement through a $PYTH token airdrop that offers governance tokens and encourages staking via platforms like DappRadar, positioning token holders to participate in network security and earn rewards.
Pyth Indices provide continuous pricing for equities and commodities, sourced from over 135 institutions.
The launch includes single-asset indices for major U.S. stocks, gold, silver, WTI and Brent oil, and co-developed equity futures.
$PYTH token airdrops aim to distribute governance tokens valued at up to $500 to existing holders.
Staking $PYTH on platforms such as DappRadar allows participants to earn additional tokens while securing the network.
Early users of Pyth Indices include major exchanges like Coinbase and Kraken, which plan to use the data for perpetual contracts and other derivatives.
Pyth Indices are proprietary 24/7 single-asset index products that deliver continuous price data for U.S. equities, metals, and oil, sourced from leading on‑chain and off‑chain trading venues.
Initial users include cryptocurrency exchanges Coinbase, Kraken, dYdX, and Nado, which are leveraging the indices to create new markets and perpetual contracts.
Holders can claim $PYTH tokens through an airdrop that provides governance tokens and can stake those tokens via platforms like DappRadar to earn rewards and help secure the network.
Staking $PYTH requires acquiring the token, selecting a staking pool on a platform such as DappRadar, delegating the tokens to the pool, and earning additional $PYTH as rewards for participating in transaction validation.
The airdrop distributes complimentary $PYTH tokens to existing holders, granting them governance rights and the opportunity to earn rewards through staking.
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