Pyth Network DAO approves sending 100% of product revenue to PYTH buybacks

The Pyth Network DAO has approved a policy that turns its revenue into a standing PYTH buy order. Under the proposal, OP-PIP-136, 100% of eligible revenue from Pyth products will fund open-market buybacks of the PYTH token, which then go to the DAO’s PYTH Reserve. The change, nicknamed the “100% Rule,” was announced on October 8, 2026. It follows a governance vote that wrapped up in late September or early October. It also replaces a far more cautious arrangement that the DAO had been running for less than a year. From one-third to all of it The previous framework came from OP-PIP-87, adopted in December 2025. Under that setup, buybacks were capped at one-third of the DAO’s non-PYTH treasury balance each month. Each round also required its own separate vote. OP-PIP-136 removes both limits. Every dollar of eligible product revenue now goes toward buying PYTH, and the DAO no longer needs to vote each month to release the funds. The money behind it is growing quickly. Pyth’s annualized recurring revenue (ARR) has reached $11.5 million, an 86% increase quarter-over-quarter. The research attributes most of that growth to Pyth Pro subscriptions. Not all of that revenue lands with the DAO...