The Pyth Data Association has launched the Pyth Ecosystem Grants Program, offering $50 million in PYTH grants to eligible community members, as per the latest information shared with Finbold on May 16.
The initiative seeks to encourage the sharing of ideas and insights about the Pyth Network within the Web3 community, fostering growth through educational and research projects.
The Grants Program is divided into three categories, each targeting a specific goal for advancing the Pyth Network and distributing PYTH tokens from the Ecosystem Growth tokenomics category.
The grants are available in both unlocked and locked formats.
The next wave of decentralized finance on Pyth
Pyth Network is aiding decentralized finance (DEFI) by providing developers with access to low-latency, high-frequency, and high-fidelity price data.
This enables the creation of high-throughput on-chain applications, making significant strides in DeFi.
Currently, Pyth Network supports over 350 applica
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