Pyth and the 100% rule: what changes in its reserve
On October 8, 2026, Pyth explained the policy approved in OP-PIP-136, submitted on September 24: allocate 100% of the eligible funds received by the DAO from its data-products to accumulate PYTH.
The percentage applies to the DAO’s revenue portion, not to the entire business invoicing. Existing commercial distributions do not change. The authorization replaces the monthly votes of the previous mechanism, based on one-third of the treasury balance separate from PYTH.
Eligible assets are converted into PYTH and returned to the treasury. If the DAO receives PYTH directly, it keeps it; that is not a market purchase. Accumulating tokens in reserve also does not mean burning them or paying dividends.
The September report places the annualized recurring revenue, or ARR, at around $11.5 million. It’s an annualized subscription run-rate: it does not represent cash collected during the quarter or already executed purchase budget.
Execution matters: OP-PIP-140, published on October 7 and still open, proposes recovering USDC and transferring balances to the executing team. Operational risks and revenue drop risks remain.
Market read: at 22:40 UTC on 8/10, Binance spot showed PYTH at 0.08345 USDT (+14.85% in 24h). As context between oracles, LINK was down 3.98% and API3, 5.79%. The divergence does not prove a single cause; the effect of the reserve will depend on actual purchases and available supply, without guaranteeing profitability.
$PYTH $LINK $API3 Educational content. Not financial advice.
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