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Pyth Network Introduces 'PYTH Reserve' Token Buyback Mechanism

2025/12/14 13:07 (Updated 2025/12/14 14:00)
CoinPost
Written by A.Yamada
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Pyth Network Introduces 'PYTH Reserve' Token Buyback Mechanism

A Portion of Revenue to Fund PYTH Token Buybacks

On the 12th, the decentralized cross-chain data oracle Pyth Network announced the introduction of an economic mechanism called 'PYTH Reserve', which utilizes a portion of the protocol's revenue for monthly buybacks of PYTH tokens (open market purchases). The official joint treasury managed by Pyth Network's Decentralized Autonomous Organization (DAO) receives a part of the protocol's revenue and allocates these funds monthly for purchasing PYTH tokens on the open market. The purchased tokens will be stored as 'PYTH Reserve'. As the usage of Pyth...

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