Pyth to launch reserve using buybacks from DAO treasury funds

Pyth Network Launches Monthly Buybacks With 33% DAO Treasury

TLDR: PYTH Reserve uses 33% of DAO treasury for monthly token buybacks on the open market. Pyth Pro surpassed $1M annualized revenue, fueling the Reserve and strengthening token value. Revenue from Pyth Core, Entropy, and Express Relay drives recurring treasury contributions. Institutional adoption creates a self-reinforcing cycle of growth, revenue, and network value. Pyth Network has launched a structured buyback program using 33% of its DAO …

Pyth Unveils PYTH Reserve, Tying Institutional Adoption Directly To Token Value

Pyth Network, a leading provider of institutional market data, today unveiled the PYTH Reserve, a mechanism designed to directly tie network adoption to token value by converting a portion of network revenue into systematic PYTH token purchases. The move is intended to add transparency to how the protocol captures value as usage grows, and to create a predictable, scalable way for revenue to compound into token demand. Under the new structure, P…

Pyth Network creates strategic reserve allocating 33% of revenue to native buybacks - The Cryptocurrency Post

Pyth Network, a prominent blockchain oracle provider, has announced a significant restructuring in its treasury management to strengthen its market position. The organization will implement a Pyth token buyback strategy using approximately one-third of the total revenue generated by the protocol. This measure seeks to align network incentives through the direct utilization of funds from its Decentralized Autonomous Organization (DAO). In a recen…

Pyth to launch reserve using buybacks from DAO treasury funds

Following a proposal by Aave’s DAO in August, the Pyth Network said on Friday that it would launch a PYTH reserve consisting of tokens purchased through a DAO buyback.

PYTH rallies 7% after Pyth Network announces revenue-backed buybacks

Cryptocurrencies performed relatively well on Friday as the value of all tokens increased by 3% in a day to $3.14 trillion. Amidst the improved sentiments, PYTH outperformed the broader market with a nearly 7% uptick on its daily chart. The digital token flipped bullish after Pyth Network revealed bold plans for its next growth phase. […]