$PYTH Pyth Network activates the true yield mechanism, monthly token purchases through revenues
On 12/12, the Pyth Network officially announced a major shift in its token system with the creation of a PYTH reserve, transforming PYTH into a real asset that accumulates value.
🔸 Pyth offers a new structure that automatically converts a portion of protocol revenues into continuous purchases of PYTH tokens in the open market.
🔸 The DAO treasury will use actual revenue funds to execute periodic purchases every month. These repurchased tokens will form the buyback reserve, creating a direct link. As the use of the Oracle increases, revenues rise, and buying pressure on the token increases.
🔸 This is a crucial shift from a pure governance token model to a value accumulation model. Using real revenues to support the price creates natural buying pressure and effectively reduces the circulating supply, addressing the inflation problem many DeFi projects face.
Does Pyth set a new standard for true yield in the Oracle sector, challenging the dominance of Chainlink?
News for reference, not investment advice. Please read carefully before making a decision.
