Pyth DAO approved allocating all product revenue it receives to open-market buybacks PYTH。
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Pyth will DAO product revenue received 100%to PYTH buybacks,ARR reaching 11490000 USD
PANews October 8 news, according to Pyth the official blog,Pyth DAO approved the “100%Rule,” which will DAO all Pyth product revenue received for open-market buybacks PYTH, replacing the previous mechanism of using one-third of the non-PYTH treasury balance each month for buybacks. This percentage applies to DAO the share, not the protocol’s total gross revenue. As of the end of September,Pyth annual recurring revenue (ARR) reached 11490000 USD, up 86.5%, with paid accounts reaching 276 accounts.
DAO The Pyth product revenue received will all be used for open-market buybacks PYTH。
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This percentage applies to DAO the share, not the protocol’s total gross revenue.
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As of the end of September,Pyth annual recurring revenue (ARR) reached 11490000 USD, up from the previous quarter by 86.5%。
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Paid accounts reached 276 accounts.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This rule changes the previous mechanism of using one-third of the non-PYTH treasury balance each month for buybacks; note that 100%refers to DAO the share, not the protocol’s total gross revenue.ARR is annual recurring revenue, and the materials state that as of the end of September it was 11490000 USD。
Why it matters to readers
Pyth DAO specified that product revenue would be used for open-market buybacks PYTH, while also disclosing ARR and paid-account data.
You can understand it as follows:DAO the product revenue received will be used to buy back PYTH in the market, but the materials do not specify the exact buyback amount, frequency, or execution records.
Risks and unknowns
The materials only state that the news is from Pyth the official blog, and do not provide Pyth the original official-blog link.
The materials do not provide a proposal record for the “100%Rule”DAO.
The materials do not provide the actual buyback amount, frequency, or on-chain execution status.
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DAO
Abbreviation for decentralized autonomous organization, listed in the text as an application scenario for multisignature wallets.
