Pyth Retroactive Airdrop

Cryptex Finance is a DeFi protocol on the Arbitrum network that builds cutting edge markets within a new system called Cryptex Pi.

Cryptex Pi uses Ethereum smart contracts, Perennial derivatives vaults, and Pyth data oracles to provide secure and decentralized trading for users.

Cryptex has partnered with Pyth to provide the low latency oracles needed to create these cutting edge financial solutions. https://pyth.network/

Some benefits of Pyth oracles are as follows:

• Latency and frequency of updates.
• Security measures (https://pyth.network/blog/reliability-efforts-at-pyth) (such as confidence intervals (https://pyth.network/blog/what-is-confidence))
• Ease of integration.
• Competitive platform fees thanks to Pull Oracle design (https://pyth.network/blog/pyth-a-new-model-to-the-price-oracle).
• Wide coverage of assets.
• Presence across multiple blockchains.

Currently, Pyth oracles power 12 markets within the Cryptex protocol via our integration with Perennial Labs, offering users low latency, low fees and the reliable access these markets at any time.

The Cryptex DAO plans to both develop and integrate many more customizable markets for the Cryptex Pi system.

As part of this partnership, Cryptex is thrilled to announce the DAO is the recipient of PYTH tokens.

These tokens are part of Pyth’s Retrospective Airdrop program, and can be utilized for anything in line with the core mission of continued growth and development of the Cryptex DAO, to which Cryptex protocol delegates and community members have 100% discretion via snapshot and voting with CTX governance.

We extend a sincere thank you to Pyth, not only for this retroactive airdrop but for their partnership and commitment to providing the oracles required to develop state of the art decentralized solutions.

Please note:

Access to π is restricted for users in certain jurisdictions. This is not an offer to sell tokens and is not investment advice.

DISCLAIMER: Any views expressed in this post represent the sole analysis of Cryptex, (“Cryptex”) whose opinions are based solely on publicly available information. No representation or warranty, express or implied, is made as to the accuracy or completeness of any information contained herein. Cryptex expressly disclaims any liability based, in whole or in part, on such information, any errors therein, or omissions therefrom. Cryptex also reserves the right to modify or change its views or conclusions at any time in the future without notice. Cryptex is an open-source, fully decentralized protocol. v2 is not available in any restricted jurisdictions. Cryptex is NOT an ICO. No sale has been solicited. The information contained in this post DOES NOT recommend the use of any Cryptex token, nor is it an offer to sell a solicitation, or an offer to buy any Cryptex tokenized asset. Furthermore, CTX token rewards governing the protocol are granted by Cryptex to system providers with a value of ZERO. Always do your own research. The information contained in this post is not intended to be, nor should it be construed or used as, investment advice. No representation, recommendation, or warranty, express or implied, is made as to the future performance or functionality of any Cryptex token. Any unaffiliated use of this document, or the contents herein, is strictly prohibited without the prior written consent of Cryptex.