Pyth DAO has passed OP-PIP-136, authorizing the use of all funds generated from its products to purchase PYTH on the open market and deposit the tokens into its reserve. The move replaces the previous framework, under which only one-third of the treasury’s non-PYTH balance was allocated for PYTH purchases. The proposal also swaps out the earlier month-by-month voting process for a standing authorization and extends the same approach to the treasury’s existing non-PYTH assets. Execution rules remain unchanged, including a 5% slippage cap, a $25,000 limit per trade, and on-chain public reporting. Data cited in the announcement shows Pyth’s annual recurring revenue has reached $11.5 million, up 86% quarter over quarter. Over the past three months, more than 94% of real-world asset perpetual trading volume used Pyth data, while the PYTH reserve has grown to 42 million tokens.
According to an official announcement cited by ChainCatcher, decentralized autonomous organization Pyth DAO has approved proposal OP-PIP-136, deciding to use all funds generated from its products to buy PYTH on the open market and deposit the tokens into its reserve.
Previously, the allocation was set at one-third of the treasury’s non-PYTH balance. The new proposal replaces the earlier monthly proposal voting process with a standing authorization. It also applies to the treasury’s existing non-PYTH assets.
Execution rules stay in place
The execution framework remains unchanged, including a 5% slippage cap, a $25,000 limit for each trade, and on-chain public reporting.
Figures disclosed by Pyth
Data in the announcement shows Pyth’s annual recurring revenue, or ARR, has reached $11.5 million, marking 86% quarter-over-quarter growth. Over the past three months, more than 94% of real-world asset, or RWA, perpetual trading volume used Pyth data. As of now, the PYTH reserve holds 42 million tokens.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
