Question 1

What is PYTH?

Accepted Answer

PYTH is the governance token of Pyth Network. Pyth Network provides market data to on-chain applications; PYTH's core role is to allow token holders to participate in protocol- and DAO-level decisions through governance staking, rather than representing equity in the network. The native PYTH token is on Solana and uses the SPL standard. PYTH visible on other networks may be an official bridged token representation, so the network where the asset is located and the token address being used should be checked separately.

Question 2

What is PYTH used for?

Accepted Answer

PYTH is mainly used for governance and staking related to oracle data quality. Governance participants can stake tokens to vote on Pyth DAO proposals; in the Oracle Integrity Staking mechanism, publishers can stake PYTH, and others can also delegate stakes to publishers. The two uses address different issues: governance determines protocol matters managed by the community, while integrity staking operates around the responsibilities and incentives of data publishers. Holding PYTH does not automatically mean receiving fixed income or corporate equity.

Question 3

How do I participate in PYTH governance?

Accepted Answer

To participate in Pyth governance, holders must first stake PYTH in the governance staking program; only the staked amount is used for voting. PYTH merely held in a wallet but not staked in that program is not equivalent to voting power usable in this mechanism. Once a proposal enters voting, participants use staked PYTH to express support or opposition; whether a proposal passes also depends on the applicable quorum and approval requirements, not merely on one side having more votes.

Question 4

How is PYTH voting power calculated?

Accepted Answer

Under the rules described in official documentation, Pyth governance calculates voting power 1:1 based on the amount of staked PYTH: staking 1 PYTH corresponds to 1 unit of voting weight. Unstaked balances should not be conflated with this governance voting power. Weight is not the sole condition for a proposal to take effect automatically. During the voting period, a proposal must also meet the participation threshold and approval requirements applicable at that time; therefore, “how many votes are held” and “whether a proposal passes” are related but different questions.

Question 5

Who can submit Pyth DAO proposals?

Accepted Answer

Under the rules described in official documentation, a participant holding an amount equivalent to 0.25% of all staked PYTH can submit a governance proposal. The basis for comparison is the total amount of staked PYTH, not the total supply of 10 billion tokens or the available balance of any wallet. After submission, the proposal enters a 7-day voting period. This arrangement first sets a proposal threshold based on the total staked amount, then gives the community a fixed window to vote; the proposal must still ultimately meet the approval and quorum requirements applicable at that time.

Question 6

What is Oracle Integrity Staking?

Accepted Answer

Oracle Integrity Staking is Pyth's mechanism for linking economic staking with the quality of published data. Data publishers can lock PYTH as collateral, and other stakers can choose to delegate PYTH to a publisher; a publisher's stake size can include both its own stake and stake delegated to it. When a publisher's data is determined to be inaccurate or inconsistent, the related stake may face slashing. It does not guarantee that data will always be correct; rather, it strengthens publisher accountability for data quality through collateral that can be lost.

Question 7

What are the risks of Oracle Integrity Staking?

Accepted Answer

The direct risk of participating in Oracle Integrity Staking is slashing risk: if data associated with a publisher is determined to be inaccurate or inconsistent, part of the related stake may be slashed. Publishers staking their own PYTH bear the risk to their own stake; delegators who delegate tokens to a publisher also need to understand that their funds are connected to that publisher's conduct. Integrity staking is not an unconditional arrangement for earning returns by depositing tokens. Before participating, distinguish governance staking from publisher-focused integrity staking, and read the eligibility, delegation, and slashing rules applicable at the time.

Question 8

What is PYTH's total supply?

Accepted Answer

PYTH has a total supply of 10 billion tokens, and the whitepaper specifies that this total will not increase. Total supply describes the protocol-level cap and is not equivalent to the number freely tradable on the market at a given time. When understanding supply, total supply, unlocked supply, and circulating supply should be distinguished: tokens that remain locked under established arrangements should not be treated as having entered tradable supply merely because they are included in total supply; real-time circulating supply is also affected by unlocking progress and on-chain state.

Question 9

Which categories received the initial PYTH allocation?

Accepted Answer

The whitepaper divides the initial PYTH allocation into five categories: publisher rewards, ecosystem growth, protocol development, community and launch, and private sales. These categories serve different purposes, including data-publishing incentives, ecosystem building, protocol development, community launch, and historical financing. Allocation categories do not mean that these tokens will enter the market at the same time. To determine the effect of a category on tradable supply at a particular time, its lockup and unlocking arrangements must also be considered.

Question 10

What is PYTH's initial unlock arrangement?

Accepted Answer

In the initial supply structure described in the whitepaper, 15% of PYTH is unlocked and 85% is locked; the locked portion unlocks gradually according to arrangements at multiple points after token launch. Unlocked means no longer subject to that initial lockup constraint; it does not guarantee that all unlocked tokens will be sold immediately or constitute an equivalent circulating supply. The initial unlock structure explains when supply may change from locked to transferable status, rather than predicting circulating supply or price on any particular day.

Question 11

Which chains can PYTH be used on?

Accepted Answer

PYTH is native to Solana and uses the SPL token standard. The official address page also lists token representations on other networks; these representations are for cross-network use but do not constitute independently new total supplies. Before cross-chain operations, confirm the target network, the officially listed address, and the bridging path. Do not transfer based solely on a token name or symbol, because unofficial or identically named tokens may exist on different networks.

Question 12

Where can I find official information about PYTH?

Accepted Answer

Pyth Developer Hub provides information on PYTH governance, staking, and official token addresses; the whitepaper explains token supply, allocation, and the initial unlock structure. The address page is used to verify networks and token representations, while the whitepaper is used to understand the initial token-economic structure. Governance parameters and available interfaces may change as governance progresses. Before staking, voting, or conducting cross-chain operations, check the current official pages and the network you are connected to again.

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