Pyth Network launches PYTH token reserve and will conduct monthly token buybacks in the open market

Pyth Network announced the launch of the PYTH token reserve, which operates by using a portion of the network's revenue each month to purchase PYTH tokens on the open market, ensuring predictability and scalability of transactions.

Pyth Network also added that it plans to systematically purchase over $1 million in revenue earned in the first month of Pyth Pro on the open market, and additionally, the PYTH DAO will allocate one-third of its funds to purchase PYTH from the open market.