Pyth has launched its upgraded OIS, introducing on-chain staking rewards and penalty mechanisms

ChainCatcher news, Pyth announced the launch of the upgraded Oracle Integrity Staking (OIS), aimed at enhancing the reliability of data sources and the security of the DeFi ecosystem.

OIS incentivizes publishers and PYTH holders to participate in staking by introducing on-chain staking rewards and penalty mechanisms, ensuring the security of the oracle network. Publishers can earn rewards by providing high-quality data, and if the data is incorrect, they will face penalties.

In addition, PYTH holders can stake and delegate to publishers to enhance their returns. The Pyth DAO will be responsible for overseeing key updates and parameters of OIS.