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Pyth upgrades infrastructure and rebuilds the economic model
Odaily Planet Daily News: Pyth Network announces a major strategic transformation: comprehensive infrastructure upgrade and a shift from token incentives to revenue-driven economic models. According to two core proposals (OP-PIP-100, OP-PIP-103), Pythnet will gradually shut down by 2026, with a focus shifting to the new generation underlying Lazer; the OIS staking reward mechanism will be terminated (parameter Y set to 0), but the security penalty mechanism will be retained.
Meanwhile, PYTH Reserve has repurchased approximately 12 million PYTH using protocol revenue, with commercial products (Pyth Pro, data marketplace) becoming the growth core. Leading prediction markets such as Polymarket and Kalshi have integrated, and institutional adoption rates continue to rise.