About 2.75M PYTH in March. About 669662 in August
That’s how much Pyth DAO bought back each month under the old rules. So now everything DAO receives from Pyth products goes toward $PYTH
. Buybacks are being brought back not because of a surplus, but because they were drying up
What actually changed:
- DAO revenue from products goes into the PYTH reserve; stablecoins are exchanged on the market
- And the DAO only sees 60% of revenue, not all of it
- Purchased tokens aren’t burned; they’re held in reserve. They can only be sold through a separate vote
- $25000 transaction limit and 5% slippage
PYTH up 15.8% in 24 hours
ARR of $11.5M in September, up 86% quarter over quarter, but the project itself is reporting this
In short, it’s a good rule, but who knows how much money will be under it
#PythNetwork
That’s how much Pyth DAO bought back each month under the old rules. So now everything DAO receives from Pyth products goes toward $PYTH
. Buybacks are being brought back not because of a surplus, but because they were drying up
What actually changed:
- DAO revenue from products goes into the PYTH reserve; stablecoins are exchanged on the market
- And the DAO only sees 60% of revenue, not all of it
- Purchased tokens aren’t burned; they’re held in reserve. They can only be sold through a separate vote
- $25000 transaction limit and 5% slippage
PYTH up 15.8% in 24 hours
ARR of $11.5M in September, up 86% quarter over quarter, but the project itself is reporting this
In short, it’s a good rule, but who knows how much money will be under it
#PythNetwork