Morphex receives a 250k PYTH allocation from the Retrospective Airdrop program.

As a perpetual DEX, Morphex is predicated on the need for accurate and timely pricing data, a need met by our oracle providers like Chainlink and Pyth. Our collaboration with Pyth, spanning nearly a year, has been instrumental in providing our platform with low-latency, off-chain price data. This data is crucial for our keepers, who are responsible for submitting these prices on-chain.

The announcement of the Pyth Network Retrospective Airdrop on November 1, 2023, marked a significant milestone in our journey. This program distributed PYTH tokens to various stakeholders within the Pyth ecosystem, with Morphex being a proud recipient of 250,000 PYTH. This airdrop not only bolsters our development and infrastructure funding but also enhances our capability to offer more incentives to our traders and liquidity providers, reinforcing our commitment to further attract more traders and liquidity.

Our decision to integrate Pyth’s oracle services into our pricing mechanism was driven by several key factors:

• Sub-second price updates
• Reliability
• Integration simplicity
• Asset and blockchain diversity

We invite you to experience the seamless trading environment enabled by Pyth’s oracle data on Morphex, setting new standards for decentralized trading!

Helpful Links:

• Morphex: https://www.morphex.trade/
• Pyth Network: https://pyth.network
• Pyth Documentation: https://docs.pyth.network