The Pyth DAO has adopted a new standing policy that channels 100% of the revenue share it receives from network commercial products into monthly purchases of PYTH tokens. The change, known as OP-PIP-136 or the 100% Rule, replaces an earlier formula that allocated one-third of the DAO’s non-PYTH treasury balance each month and required a separate community vote for every transfer.

Details of the New Policy

Under the approved rule, stablecoin receipts from eligible products will be converted into PYTH on the open market and deposited into the project’s reserve. Any PYTH already received flows directly into the same reserve. Covered products include Pyth Pro subscriptions, Listing as a Service, the Data Marketplace, Pyth Indices, and additional network offerings such as Pyth Core and Pyth Entropy. The policy applies only to the DAO’s designated revenue share, not to gross product income.

The previous arrangement, established under an earlier proposal, had produced steadily smaller monthly acquisitions. Purchases fell from about 2.75 million PYTH in March to roughly 669,662 in August, a decline of approximately 75% over five months. Contributors attributed the drop to a shrinking non-PYTH treasury balance and a growing share of payments arriving already denominated in PYTH rather than stablecoins.

The new authorization eliminates the need for repeated monthly votes. Safeguards remain in place: each transaction is limited to $25,000 with a maximum 5% slippage. Acquisitions are recorded on-chain, and the DAO will publish monthly reports. The first purchases under the revised rule occurred on September 30. At the time of the announcement the reserve held approximately 41 million to 42 million PYTH. Tokens accumulated this way are not burned; they stay in the reserve and may later support network contributors or builders, subject to separate DAO approval for any disposition.

Revenue Expansion Supports Larger Purchases

Pyth reported annual recurring revenue of $11.5 million in September, an 86% increase from the prior quarter and up from $10.4 million in August. Pyth Indices alone contributed $1.81 million in fixed annual recurring revenue. Growth has been driven largely by demand for real-world-asset perpetual futures covering stocks, gold, oil and indices. More than 94% of tracked volume in that segment over the past three months relied on Pyth data feeds. Regulatory filings have also raised visibility: Kalshi designated Pyth as the sole price source for its CFTC-cleared gold and silver perpetual futures, while Coinbase referenced the network in an SEC filing related to single-name equity perpetuals.

Because purchase volumes will now scale directly with the DAO’s share of product receipts, rising commercial activity is expected to translate into larger monthly token acquisitions than the prior one-third treasury formula allowed.

Market Response

PYTH rose approximately 14% to 16% across the October 8–9 sessions. The token traded near $0.0857 after briefly reaching $0.0878, with earlier prints around $0.084 to $0.086. Trading remained above key moving averages during the advance, though the price approached a potential resistance zone near $0.088–$0.090.

The policy creates a recurring source of demand funded by actual product income rather than a fixed treasury percentage. Actual monthly amounts will vary with future eligible receipts and will continue to observe the established transaction limits.