Pyth to launch reserve using buybacks from DAO treasury funds
PositiveCryptocurrency

- Pyth is set to launch a reserve by utilizing buybacks from its DAO treasury funds, which will involve purchasing the network's native PYTH token. Approximately 33% of the protocol's revenue will be allocated for this initiative.
- This development is significant as it demonstrates Pyth's commitment to strengthening its financial foundation and enhancing the value of its native token, potentially increasing investor confidence and supporting the overall growth of the cryptocurrency ecosystem.
— via World Pulse Now AI Editorial System