Pyth Network allocates all DAO revenue to PYTH buybacks

Pyth Network's DAO will now use all its product revenue for monthly PYTH token buybacks, replacing the previous one-third allocation. This boosted PYTH's price by over 11%.

Pyth Network has introduced the "100% Rule," a new policy directing all eligible revenue received by its DAO from Pyth products toward monthly open-market purchases of PYTH tokens. This replaces the previous system, where only one-third of the DAO's non-PYTH treasury was used for buybacks, and eliminates the need for monthly voting on transfers. The policy applies specifically to the DAO's share of revenue, not the network's total gross revenue. As of the end of September, Pyth's annualized recurring revenue reached $11.5 million, marking an 86% increase from the previous quarter. The PYTH reserve now holds 42 million tokens. Following the announcement, PYTH's price surged by over 11%. The new approach is expected to increase demand for PYTH, influence market dynamics, and streamline the accumulation process, with stablecoins received by the DAO converted to PYTH and direct PYTH payments added to the reserve.