Pyth DAO Adopts 100% Rule, Directs All Product Revenue to PYTH Buybacks

Published October 9, 2026, 09:40 UTC. Pyth Network announced the 100% Rule on Oct. 7, 2026, after the Pyth DAO approved proposal OP-PIP-136.

The Pyth DAO has approved a new revenue policy that commits 100 percent of the funds it receives from Pyth products to accumulating PYTH tokens in its reserve, the network announced on October 7. The rule, passed under proposal OP-PIP-136, triples the prior framework, under which the DAO used one-third of its non-PYTH treasury balance for monthly PYTH purchases. Pyth's token rose 6.21 percent on Thursday after the announcement, climbing from around $0.0732 to a daily high near $0.08 before settling near $0.0752, according to The Crypto Times.

The 100 percent rule

Under the new system, every dollar of DAO product revenue is routed toward PYTH accumulation. The mandate covers revenue from Pyth Pro subscriptions, Listing as a Service, the Data Marketplace, and Pyth Indices. Pyth said 60 percent of the revenue from products owned by the DAO flows to the DAO itself, and all of that amount will now be directed into the reserve. Previously each monthly transfer required a separate DAO vote; the new framework replaces that with a standing authorization, so accumulation runs without a fresh vote every month.

How the buying works

The mechanics separate direct PYTH receipts from cash-like revenue. If the DAO receives PYTH directly, the tokens go straight into the reserve. If it receives stablecoins, a pre-authorized council uses them to buy PYTH on the open market before transferring the tokens to the DAO Treasury. The purchases operate under hard limits: a 5 percent slippage cap, a $25,000 ceiling per transaction, aggregator routing, public transaction proofs, and monthly reporting. The first acquisitions under the new authorization were already carried out on September 30, and the DAO's PYTH reserve held about 42 million PYTH as of the announcement. The reserve program has been running since December 2025, when the DAO began making monthly open-market PYTH purchases.

The $11.5 million revenue base

The policy lands on top of fast-growing data revenue. Pyth said its annual recurring revenue reached $11.5 million in September 2026, up 86 percent from the previous quarter and up from below $1 million in late 2025. Pyth Indices, its benchmark product, reached $1.81 million in fixed annual recurring revenue, and 50 indices are now live across U.S. equities, metals, oil, foreign exchange and other markets. Nasdaq now distributes Nasdaq Basic through Pyth's Data Marketplace, and the same API carries corporate action data covering stock splits, dividends, mergers and ticker changes.

Real-world asset data and 94 percent of RWA perp volume

A large share of the growth comes from real-world asset markets. Pyth said more than 94 percent of tracked real-world asset perpetual volume used its data over the past three months, with more than $2 trillion in total volume during that period, concentrated in perpetual contracts linked to stocks, gold, oil and indices. Trading and prediction market platforms using Pyth data include TradeXYZ, Lighter, Kraken, Coinbase and Phoenix for perpetual markets, while Kalshi and Polymarket use Pyth prices for some stock and commodity prediction markets. Mike Cahill, CEO of Douro Labs and a core contributor to Pyth Network, said the DAO committing all of its product revenue to the reserve is the strongest alignment the network has had. As of October 8, PYTH's market capitalization stood at roughly $596.32 million, with about $80.38 million in 24-hour trading activity, according to CoinMarketCap data cited by The Crypto Times.

This article is news reporting and is not investment advice.

Sources

• Pyth Network, official "100% Rule" announcement (Oct. 7, 2026), primary source
• The Crypto Times, PYTH Gains 6% as Pyth DAO Adopts 100% Revenue Buyback Rule (Oct. 8, 2026), secondary source
• TradingView / CoinMarketCal, Pyth Network: DAO raises revenue buyback allocation to 100% (Oct. 8, 2026), secondary source