Pyth Network Bi-Weekly Update 29 July 2024

Recap of the Previous Two Weeks

ARB Received Last Disbursement: 166,667 ARB

ARB Utilized as Incentives in the Last Two Weeks: 8,800 ARB

Contracts incentivized over the last 2 weeks: 0xff1a0f4744e8582DF1aE09D5611b887B6a12925C

Contract address label Form completed for all addresses: Yes

ARB left over: 157,867 ARB

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: This 4th bi-weekly disbursement was done slightly late as multisig operators of it were not available.

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: 8,356 daily txs triggering price updates in the Pyth smart contract.

Average daily volumes: N/A

Number of unique user addresses: 52 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: 1.95 ETH or 6,635$ or 8,800 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