Pyth upgrades infrastructure and restructures economic model

Odaily Planet Daily News Pyth Network announces a major strategic transformation: comprehensive infrastructure upgrade, shifting the economic model from token incentives to revenue-driven. According to two core proposals (OP-PIP-100, OP-PIP-103), Pythnet will be gradually shut down within 2026, with focus shifting to the next-generation underlying Lazer; the OIS staking reward mechanism will be terminated (parameter Y set to 0), but the security slashing mechanism will be retained.

Meanwhile, PYTH Reserve has used protocol revenue to repurchase approximately 12 million PYTH. Commercial products (Pyth Pro, Data Marketplace) have become the core of growth. Leading prediction markets such as Polymarket and Kalshi have been onboarded, and institutional adoption continues to rise.