Pyth Network has announced plans to establish the PYTH Reserve and conduct a monthly open-market buyback of the PYTH token.
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BlockBeats News, December 12th. According to official sources, Pyth Network has announced the establishment of the PYTH Reserve. Through the introduction of a structured mechanism, the protocol's revenue will be automatically converted into ongoing PYTH token buybacks, directly linking product adoption to network value.
The operation mechanism involves the Pyth DAO Treasury receiving a portion of the protocol's revenue and using these funds each month to buy back PYTH tokens on the open market. The repurchased tokens will constitute the PYTH Reserve — this is also the economic outcome of directly injecting real product revenue into network value.
-- Price
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