Divvy.Bet embraces Solana ecosystem with $PYTH integration

Divvy.Bet announced a giveaway, offering users who bet 10 $PYTH or more the opportunity to win 100 $PYTH

Decentralized crypto betting platform Divvy.Bet has officially added support for $PYTH. The integration allows users to utilize $PYTH tokens for betting, earning a portion of the house profits by providing liquidity.

For avid Divvy Pass holders, the platform is in the process of updating staking contracts to incorporate $PYTH rewards for staked passes, enhancing the benefits for its loyal users.

In addition to these developments, Divvy.Bet has rolled out an enticing opportunity for users to participate in a giveaway. By placing a bet of 10 $PYTH or more, individuals stand a chance to win a generous prize of 100 $PYTH. The deadline for entry is set for November 26 at 11:59 pm EST.

The announcement underscores Divvy.Bet's commitment to the Solana Ecosystem, positioning itself as a forward-thinking platform in the realm of sports betting. The move is expected to attract enthusiasts looking to explore the benefits of integrating $PYTH into their betting strategies.

At the beginning of November, Divvy.Bet celebrated a significant milestone in the Solana Ecosystem, surpassing $3 million in total volume after processing 21,000 wagers and supporting 9,000 matches.

The platform attributed its rapid growth to the efficiency of the Solana blockchain. In order to celebrate the achievement, Divvy.Bet announced a giveaway on X (formerly Twitter) for followers predicting the date of the next million-dollar milestone, with the winner receiving 5 SOL.

In additional recent advancements, Divvy.Bet introduced DVYPass V2, the newest iteration of its cryptocurrency betting platform, bringing in live staking and a range of improvements.

DVYPass V2 features an Enhanced Reward Allocation system for fairer rewards, Flexible Reward Claiming, and Bulk Staking & Unstaking, including a convenient “stake all” option.

Divvy.Bet has also provided a sneak peek into forthcoming UI enhancements and suggested that more thrilling features are in development, urging users to stay tuned for upcoming announcements.

Another major development saw Divvy.Bet venture into futures betting with its Champions Series, integrating traditional futures betting with Web3 technology. Participants predict the winner of the 2024 NFL Super Bowl LVIII, minting NFTs of selected teams, and at the season's end, NFT holders of the victorious team share the prize pool.

The Champions Series employs a dynamic prize pool expansion through Divvy.Bet's liquid staking of SOL, with odds calculated based on the parimutuel approach and fees contributing to a lucrative incentive structure.

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Written by Silvia Pavlof

Silvia has explored various forms of writing, ranging from content creation for social media to crafting movie scripts. Drawing on her experience as a journalist specializing in the gambling sector, she is currently investigating the impact of cryptocurrencies and blockchain on traditional gambling and iGaming.