Gate News message, April 23 — Pyth Network (PYTH), a cryptocurrency data infrastructure provider, announced a major overhaul of its economic model, transitioning from a token-based incentive system to a revenue-driven growth strategy.
According to the OP-PIP-100 proposal, the network’s existing infrastructure, Pythnet, will be phased out gradually by 2026. The ecosystem will shift focus to Lazer, a next-generation infrastructure solution, while Pyth Pro and Data Marketplace—enterprise data services—will become central to the ecosystem. The project plans to accelerate infrastructure investments while pursuing sustainable revenue generation.
Under the separate OP-PIP-103 proposal, the OIS reward mechanism will also be phased out gradually, with reward distribution ceasing once parameter Y reaches zero. Staking and penalty mechanisms will remain operational. Approximately 1 billion PYTH tokens were staked during the OIS process, covering roughly 120 data provider pools.
Pyth’s economic shift is underscored by the PYTH Reserve’s repurchase of approximately 12 million PYTH tokens from the open market using protocol revenues. Revenue sources include Pyth Pro services, core oracle services, and the data marketplace.
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