$PYTH There’s a move here that I think is pretty significant—the Pyth DAO has decided to use its revenue for buybacks.
Here’s how it works: all revenue the DAO receives from Pyth products is now used to buy $PYTH on the open market. The tokens bought back go into the PYTH Reserve rather than being burned.
It’s important to understand that buybacks and burns are two completely different approaches.
Here’s how it works: all revenue the DAO receives from Pyth products is now used to buy $PYTH on the open market. The tokens bought back go into the PYTH Reserve rather than being burned.
It’s important to understand that buybacks and burns are two completely different approaches.