KEY TAKEAWAYS
- Pyth Network, in collaboration with the Optimism DAO, has launched a gas rebate program to support developers on the OP Mainnet.
- The initiative offers up to 70,000 OP tokens in gas rebates, reducing operational costs for DeFi developers.
- This program aims to enhance the Ethereum Virtual Machine ecosystem by integrating Pyth’s data feeds with OP Mainnet infrastructure.
Building on the OP Mainnet has become more accessible with the launch of a new gas rebate program by Pyth Network, in collaboration with the Optimism DAO. This initiative, supported by a grant from the OP Foundation, aims to assist developers by offering up to 70,000 OP tokens in gas rebates for Pyth-powered applications on the OP Mainnet.
The program is designed to alleviate the high operational costs often associated with building in the decentralized finance (DeFi) space. By reducing these costs, developers can allocate more resources towards innovation and scaling their projects. This initiative is part of Pyth Network’s commitment to empowering developers and enhancing the Ethereum Virtual Machine (EVM) ecosystem.
How the Gas Rebate Program Works
The gas rebate program provides a significant opportunity for developers on the OP Mainnet to focus on creating decentralized applications (dApps) without the burden of gas fees. Rebates will be distributed based on usage, allowing builders to concentrate on development rather than operational expenses.
Integrating Pyth Network’s high-quality, low-latency data feeds with the OP Mainnet infrastructure offers developers a robust toolkit for enhancing their on-chain applications. This combination ensures that both cost efficiency and data excellence are prioritized in the building process.
Getting Started with the Program
Developers interested in participating in the gas rebate program can begin by filling out the necessary form. As of January 13, 2025, rebates will be distributed, allowing builders to focus on innovation without worrying about gas fees.
For more information about the program and to get started, visit the official announcement here.
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