Pyth DAO Approves 100% Revenue Buyback for PYTH as ARR Hits $11.49M
- —The 100% rule replaces buybacks funded by one-third of non-PYTH treasury balances
- —ARR reached $11.49 million, up 86.5% quarter-over-quarter
- —Paying accounts total 276
- —The rule applies to the DAO's revenue share, not gross protocol revenue
Why it matters: Continuous open-market buybacks reduce PYTH supply and tie protocol revenue directly to the token's price.
Source: PANews