Synthetix plans to distribute Pyth retroactive airdrops to community and governance members

Synthetix announced that it has become the recipient of the Pyth retrospective airdrop. In order to promote active participation in Pyth governance and strengthen consistency between the two communities, Synthetix will distribute this airdrop to the community and governance members, encouraging them to participate in Pyth governance. In addition, community contributors and V3 developers' grants will be included in future distributions.

With the upcoming Andromeda release, Synthetix will eliminate its reliance on slow oracles, primarily utilizing Pyth's oracle support for Synthetix V3 and Perps V3, introducing many new features including improved trading mechanisms, new pricing and settlement features, cross-margin, anti-MEV liquidation, and NFT-based account control. Synthetix encourages traders to try using Synthetix Perps supported by Pyth network oracles on Kwenta and Polynomial.