Pyth Network Unveils 33% Treasury Buyback Plan to Boost PYTH

Pyth Network will use 33% of its DAO treasury for monthly PYTH token buybacks, aiming to boost token value, reduce supply, and support long-term growth. The program is funded by network revenue and executed transparently on-chain.

Pyth Network has introduced a PYTH Reserve program, allocating 33% of its DAO treasury to monthly buybacks of PYTH tokens from the open market. This initiative, funded by network revenue, aims to strengthen the token’s value, reduce circulating supply, and foster long-term sustainability. The buybacks are executed transparently on-chain, with initial purchases expected between $100,000 and $200,000, based on a treasury of about $500,000. The program is designed to create predictable market support and align incentives for token holders, while also positioning Pyth Network competitively in the blockchain oracle sector. The approach mirrors strategies seen in other networks and is intended to tie token value more closely to network adoption and revenue growth. Pyth’s new data product, Pyth Pro, has surpassed $1 million in annual recurring revenue in its first month, with ambitions for significant growth. The buyback program is seen as a model for treasury management in decentralized finance.