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Pyth DAO votes to send all product revenue into PYTH buybacks

Published Source: CryptoPolitanRead original

Crypto Insight Summary: The Pyth DAO has approved a proposal to use 100% of the money it earns from Pyth’s commercial products into buying PYTH on the open market. The change, passed as OP-PIP-136, now means that the amount of PYTH the DAO collects now depends directly on the network’s fast-growing data revenue. What is Pyth DAO changing?... Crypto Insight Analysis: Direction: Bullish PYTH Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Buybacks increase demand for PYTH, but impact depends on revenue scale.

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Pyth DAO votes to send all product revenue into PYTH buybacks — Crypto Insight