Pyth DAO approves allocating 100% of product revenue to token buybacks
The Pyth Network DAO has approved a proposal to commit all revenue from Pyth products to open-market PYTH buybacks, expanding from its previous monthly treasury deployment framework.
The Pyth Network DAO has approved "The 100% Rule," committing 100% of the funds it receives from Pyth products toward purchasing PYTH tokens on the open market, according to announcements reported by The Block and SolanaFloor. The decision, authorized through proposal OP-PIP-136, replaces an earlier mechanism that required separate monthly votes to deploy one-third of the DAO's non-PYTH treasury balance.[1][2][3][4]
Under the new standing authorization, covered revenue streams include Pyth Pro subscriptions, Listing as a Service, Data Marketplace, and Pyth Indices. Non-PYTH assets already held by the DAO will follow the same path. Execution guardrails remain unchanged from the previous framework, preserving a 5% slippage cap, a $25,000 transaction limit, aggregator routing, monthly reporting, and public proofs.[1]
Pyth disclosed that its data business reached $11.5 million in annualized revenue in September, representing an 86% quarter-over-quarter increase. The DAO directs the purchased assets to its reserve on Solana, which holds approximately 42 million tokens. Crypto Briefing noted that while the policy could bolster token demand, it also restricts treasury flexibility and depends heavily on sustained revenue growth.[1][4][5]
Key facts
- Pyth DAO approved proposal OP-PIP-136, directing 100% of product revenue to open-market PYTH token buybacks.
- The prior framework deployed one-third of the DAO's non-PYTH treasury balance each month via separate transfer votes.
- Covered products include Pyth Pro subscriptions, Listing as a Service, Data Marketplace, and Pyth Indices, alongside existing non-PYTH assets.
- Buyback execution guardrails remain set at a 5% slippage cap, a $25,000 transaction limit, aggregator routing, monthly reporting, and public proofs.
- Pyth reported that its data business reached $11.5 million in annualized revenue in September, marking an 86% increase quarter over quarter.
- Tokens are directed to the PYTH reserve address on Solana, which holds around 42 million tokens.
Sources · 5 sources
- TB
The Block@TheBlockCoPost on X ·
THE BLOCK: Pyth Network said its DAO has committed 100% of the revenue it receives from Pyth products to buying solana:HZ1JovNiVvGrGNiiYvEozEVgZ58xaU3RKwX8eACQBCt3 tokens on the open market, up from its previous practice of deploying one-third of its non-PYTH treasury balance each month. Pyth said its data business reached $11.5 million in annualized revenue in September, up 86% quarter over quarter, while its PYTH Reserve holds about 42 million tokens.
Open source - SO
SolanaFloor@SolanaFloorPost on X ·
🚨JUST IN: @PythNetwork DAO approves allocating 100% of revenue received from Pyth products to open market $PYTH buybacks. https://t.co/xe6kOMSO3s
Open source - KC
Kalshi Crypto@Kalshi_CryptoPost on X ·
JUST IN: Pyth to allocate 100% of DAO revenue towards buybacks
Open source - CB
Crypto BriefingArticle ·
Pyth Network DAO approves sending 100% of product revenue to PYTH buybacks The policy shift could enhance PYTH token value by increasing demand, but it limits flexibility and requires sustained revenue growth for impact. The post Pyth Network DAO approves sending 100% of product revenue to PYTH buybacks appeared first on Crypto Briefing .
Open source - CB
Crypto Briefing@Crypto_BriefingPost on X ·
🔥NEW: Pyth DAO will direct all revenue from Pyth products to its solana:HZ1JovNiVvGrGNiiYvEozEVgZ58xaU3RKwX8eACQBCt3 reserve under a new standing authorization. https://t.co/WbJZ2V7JQA
Open source