Pyth upgrades infrastructure and restructures economic model

Odaily News: Pyth Network has announced a major strategic transformation: a comprehensive infrastructure upgrade, with its economic model shifting from token incentives to revenue-driven growth. According to two core proposals (OP-PIP-100, OP-PIP-103), Pythnet will be gradually phased out by 2026, with the focus shifting to the next-generation underlying Lazer network. The OIS staking reward mechanism will be terminated (parameter Y set to 0), while the security slashing mechanism will be retained.

Meanwhile, the PYTH Reserve has used protocol revenue to repurchase approximately 12 million PYTH tokens. Commercial products (Pyth Pro, Data Markets) have become the core growth drivers. Leading prediction markets such as Polymarket and Kalshi have already integrated with Pyth, and institutional adoption continues to rise.