Pyth Network Launches PYTH Reserve to Link Adoption and Network Value
4 Articles
4 Articles
Pyth Network launches PYTH reserve to sustain network value through token purchases
The PYTH reserve initiative could enhance network stability and investor confidence by aligning token value with increased adoption and revenue. The post Pyth Network launches PYTH reserve to sustain network value through token purchases appeared first on Crypto Briefing.
Pyth Launches Token Buyback Program After Pyth Pro Hits $1M ARR
What Is Pyth Changing With Its New Buyback Program? Pyth Network has introduced a recurring token buyback program that will use 33% of its DAO treasury balance each month to purchase PYTH on the open market. The initiative, called the “PYTH Reserve,” is funded directly by revenue generated across the protocol’s data products. Michael James, head of institutional business development at Douro Labs and a contributor to Pyth, told The Block that th…
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