About the Bounty

Research Topic:

Write and publish a thoughtful research article on Entropy, the Pyth Network’s newest solution for generating random numbers on-chain securely and reliably. This article should explore how Entropy works and how it may help the wider DeFi and Web3 space grow.

About Pyth Entropy:

Entropy allows developers to quickly and easily generate secure random numbers on the blockchain. Entropy's rapid response time allows developers to build applications such as NFT mints and games with responsive UX. Entropy also provides strong security guarantees to ensure that both users and application developers can trust that the results are random.

You can learn more about how Entropy works and legacy solutions for on-chain randomness.

What is the Pyth Network?

First announced in April 2021, the Pyth Network is the largest and fastest-growing first-party financial oracle for real-time asset price data. Pyth delivers over 500 low-latency price feeds across digital assets, FX, ETFs, equities, and commodities to more than 55 blockchain ecosystems, securely and transparently.

The Pyth Network comprises some of the world’s largest exchanges, market makers, and financial services providers, who contribute their proprietary price data to the Pyth oracle for on-chain aggregation and distribution to smart contract applications.

Pyth introduces a pull oracle design which empowers apps to request or pull the latest price update to their native blockchain on demand. The Pyth Network has secured more than $400B in trading volume across hundreds of Web3 and Web2 applications. You can learn more from the Pyth website and documentation.

For more information about Pyth Network, please visit the website and documentation.

Submission Requirements:

• Word count: The article can be anywhere from 1,000 to 2,000 words.

• Publication: The article should be published on a personal or third-party website (e.g. a blog or research house)

• Sharing: The published article should be shared on X and LinkedIn. Please add these links when making your submission.

• Submissions will not be taken into account if:

  • The submission is not written in English.

  • The submission is plagiarized.

Grading:

• Originality: Your research should be original.

• Evidence: Your research should include rigorous evidence and analysis.

• Quality: Any data and methodology used should be transparent and logical.

• The best articles will contain clear, logical, and well-reasoned insights and will incorporate thoughtfully analyzed data.

• Winners will be selected within one week of the conclusion of the submission period.

Bounty Prizes:

• 1st place will get 1,000 PYTH tokens

• 2nd place will get 666 PYTH tokens

• 3rd place will get 333 PYTH tokens

Resources

• Explore Pyth

• Documentation

• How Entropy Works

• Best Practices

• Discord

• Telegram

Terms & Disclaimer:

Pyth Data Association ("PDA") is a nonprofit Swiss association whose mission is to support the independent growth and development of the Pyth Network. PDA has established the Pyth Ecosystem Grant Program (this "Program") to encourage independent contributions from new participants on the Pyth Network. Nothing in this Program, nor any related documentation or webpage, should be construed as establishing an employment, contractor, partnership, joint venture, legal or agency relationship for any purpose between PDA and any grantee or any of his or her personnel, agent, assigns or other representatives of any kind, and no authority to bind PDA shall be granted to anyone at any time whatsoever. The grantee will report to all applicable government agencies as income all compensation received by them pursuant to this Program. Grantee shall assign all title and interest in the deliverables (including all Intellectual Property Rights) to PDA; provided that, PDA shall irrevocably and perpetually grant to the general public, including the Pyth token holder community, all rights and licenses in and to the deliverables pursuant to the terms and conditions of the Apache 2.0 open source license. Furthermore, PDA reserves the right to conduct any and all compliance screenings, including but not limited to, checks against sanctions lists, identity verification processes, and other Anti-Money Laundering (AML) and Know Your Customer (KYC) procedures as mandated by applicable law and within the relevant legal framework. Such compliance measures may impact or impede the disbursement of any awards under this Program.

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