Pyth Network Eyes PYTH Token Buybacks with 33% of Revenue for Reserve Strategy

The Pyth Network is implementing a reserve strategy by allocating approximately 33% of its protocol revenue through the DAO to purchase PYTH tokens on the open market, aiming to bolster the network's financial stability and token value in the blockchain oracle sector. Revenue Allocation: Pyth Network dedicates one-third of its earnings to PYTH token buybacks [...]