Pyth Network Bi-Weekly Update 12 August 2024

Recap of the Previous Two Weeks

ARB Received Last Disbursement: 166,667 ARB

ARB Utilized as Incentives in the Last Two Weeks: 31,272 ARB

Contracts incentivized over the last 2 weeks: 0xff1a0f4744e8582DF1aE09D5611b887B6a12925C

Contract address label Form completed for all addresses: Yes

ARB left over: 135,395 ARB (from last disbursement)

Plan for leftover ARB: It is reallocated for the future weeks disbursements.

Summary of incentives: The grant aims to use ARB to implement a rebate program to applications for gas fees related to Pyth price updates on Arbitrum.

Additional Info / Disclosures to Multisig: N/A

STATS

Average daily TVL: N/A or refer to this DefiLlama page to see the TVL secured by the Pyth oracle on Arbitrum.

Average daily transactions: 7,500 avg daily txs triggering price updates in the Pyth smart contract.

Average daily volumes: N/A

Number of unique user addresses: 45 avg daily addresses updated prices in the Pyth smart contract. Please note that users in the Pyth sense are applications/protocols rather than traditional end-users.

Transaction fees: 7.34 ETH or 18,450$ or 31,272 ARB

Link to Dashboard showing metrics: Usage per day & Usage per contract – both links should have the appropriate date window applied already.

Plan For the Next Two Weeks

Amount of ARB to be distributed: 166,667 ARB

Contracts that will be incentivized: 0xff1a0f4744e8582DF1aE09D5611b887B6a12925C

Contract address label Form completed for all addresses: Yes

Mechanism for distribution incentives: The grant aims to use ARB to implement a rebate program to applications for gas fees related to Pyth price updates on Arbitrum.

Summary of incentives plan: Same as above.

Summary of changes to the original plan: None