Pyth Network DAO has approved proposal OP-PIP-136, nicknamed the “100% Rule,” directing 100% of eligible protocol revenue to open-market PYTH token buybacks without requiring a monthly vote. This policy replaces the previous mechanism (OP-PIP-87), which capped buybacks at one-third of the DAO’s non-PYTH treasury balance each month and required a separate vote for each round. Pyth’s annualized recurring revenue has reached $11.5 million, an 86% quarter-over-quarter increase driven primarily by Pyth Pro subscriptions. The DAO receives approximately 60% of these revenues, with the remaining 40% going to Douro Labs. Buybacks are executed by the Pythian Council Ops Multisig with a $25,000 cap per transaction and maximum slippage of 5%; bought tokens are locked in the Reserve, which already holds 41 to 42 million PYTH.
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