Pyth Network launches PYTH reserve to sustain network value through token purchases
Summary
Pyth Network has introduced the PYTH Reserve, a new mechanism designed to sustain the value of its native PYTH token by using protocol-generated revenue for regular open-market token purchases. This reserve is managed by the PYTH DAO Treasury and scales its resources based on revenue derived from Pyth's core products, which include Pyth Pro, Pyth Core, Entropy, and Express Relay. This creates a transparent, rules-based connection between network adoption, revenue generation, and the long-term economic model of the token. Furthermore, the Pythian Council will conduct quarterly pricing reviews to optimize fees across products, aiming to maximize revenue while ensuring continued adoption.
(Source:Crypto Briefing)