Pyth Network launches PYTH token reserve and will conduct monthly token repurchases on the open market

Pyth Network announced the launch of the PYTH token reserve, a strategic reserve that works by using a portion of the network's revenue to purchase PYTH tokens on the open market each month, thus ensuring the predictability and scalability of transactions. Pyth Network added that it now plans to systematically purchase PYTH on the open market with over $1 million in revenue from the first month of Pyth Pro, and that the PYTH DAO will also use one-third of its funds to purchase PYTH from the open market.