We are excited to announce that we have received a $PYTH allocation of tokens from Pyth Network as part of their Retrospective Airdrop. Pyth is the leading price feeds provider for Solana and powers many leading decentralized applications. We are proud to have worked side by side with them from the early days, helping them in 2022 to build a custom multisig implementation of Squads for Pyth governance, and have been close ecosystem partners ever since.
Pyth recently launched its governance token, $PYTH, which was airdropped to users from the 27 different blockchains where Pyth is available. Initially airdropped to dApp users, Pyth also decided to reward projects and partners that have contributed to making Pyth what it is today with a $PYTH allocation. Squads has been selected for this second $PYTH retrospective airdrop and is thankful to have received an allocation of $PYTH tokens.
Squads is today Solana’s leading multisig solution, helping the largest teams and organizations secure their on-chain assets such as treasuries and programs. We contribute to reinforcing the security of Solana-based projects and their on-chain operations through our platform, Squads, as well as our protocol codebase for projects like Pyth who want their unique applications on top of it.
As recipients of the $PYTH token allocation, we plan to actively participate in Pyth governance and support many of the other recipients of $PYTH token allocations looking to secure their assets with multisig security on Solana. The Squads app offers $PYTH airdrop recipients the secure environment they need to manage their $PYTH airdrop with their team members and participate in governance collectively, rather than using a cold/hot wallet not built for teams and management of their company assets.
For any project operating on Solana and in need of reliable price feeds for their dApp, we confidently recommend checking out Pyth:
Website: https://pyth.network
Price Feeds: https://pyth.network/price-feeds
Twitter: https://twitter.com/PythNetwork
About Squads Labs
Squads Labs is a core contributor to Squads Protocol, the leading multisig infrastructure on Solana. In addition to helping maintain the protocol, Squads Labs makes the Squads platform, an institutional-grade multisig platform for Solana-based teams. The Squads platform helps web3-native teams manage and secure digital assets on-chain. To learn more about Squads Labs, please visit https://www.sqds.io/.
About Squads Protocol
Squads is a multisig protocol that helps web3-native teams manage and secure digital assets on-chain. Squads Protocol v3 is the first formally verified program on Solana. Squads Protocol v4 introduces time locks, spending limits, roles, sub-accounts, fee relayers, multiple-party payments, support for SquadsX and more. Squads v4 has been audited by Neodyme, OtterSec, Trail of Bits and Certora. It has also undergone two formal verifications, one by OtterSec and the other by Certora. To learn more about Squads Protocol, please visit https://squads.so/protocol
