Pyth DAO passes OP-PIP-136, 100% of product revenue will be used to buy back PYTH

PANews October 8 news, according to the official Pyth blog, Pyth DAO has approved the "100% Rule," directing all Pyth product revenue received by the DAO to open market buybacks of PYTH, replacing the previous mechanism of using one-third of the non-PYTH treasury balance for buybacks each month. This ratio applies to the DAO's share, not the protocol's total gross revenue. As of the end of September, Pyth's annual recurring revenue (ARR) reached $11.49 million, up 86.5% quarter-over-quarter, with 276 paying accounts.