Pyth Network announced the establishment of the PYTH Reserve, which will publicly buy back PYTH tokens monthly.
TL;DR
Pyth Network has launched the PYTH Reserve, a mechanism that uses protocol revenue to automatically buy back PYTH tokens monthly, linking product adoption to network value.
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According to ChainCatcher, Pyth Network announced the establishment of the PYTH Reserve, which will introduce a structured mechanism to automatically convert protocol revenue into continuous PYTH token buybacks, thereby directly linking product adoption with network value.
The operating mechanism involves the Pyth DAO treasury receiving a portion of the protocol's revenue and using this revenue to repurchase PYTH tokens on the open market each month. The repurchased tokens constitute the PYTH reserve – an economic outcome that directly injects real product revenue into the network's value.
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