Hassan Maishera
Pyth Network announced in a blog post on Thursday that it is upgrading its infrastructure. Under the new infrastructure, Pythnet is being retired, OIS reward emissions are ending, while Lazer, Pyth Pro, and the Data Marketplace are the forward infrastructure.
Pyth DAO is winding down rewards for Oracle Integrity Staking (OIS), the program that served as the network's first experiment in cryptoeconomic security for price feeds. Staking and slashing remain live.
Furthermore, the team noted that Pyth Pro and the Data Marketplace are where new integrations are landing, where revenue is being generated, and where the network's focus sits.
Continuing to emit new rewards on Pythnet would also be misaligned with OP-PIP-100. The infrastructure OIS was built on is being retired. Rewards should wind down alongside it rather than draw on new allocations for a sunsetting piece of infrastructure.
Pyth Pro delivers institutional-grade market data direct from top firms—accurate, transparent, and affordable across every asset class and geography.
To achieve this, Pyth has collaborated with industry leaders and government agencies like Cboe, Jane Street, Revolut, and the U.S. Department of Commerce to establish a new model that makes market data more accessible, accurate, and transparent.
These contributions are aggregated transparently with cryptographic verification and supported by staking and slashing mechanisms. The effect is to capture price discovery as it occurs at the source, all while creating a system that rewards accuracy and participation.
Pyth Pro is designed to give institutions a transparent, holistic view of global markets across every asset class and geography, eliminating the inefficiencies, blind spots, and escalating costs of the legacy market data supply chain.
Pyth Pro consolidates global coverage into one distribution network: more than 2,000 feeds across equities, futures, ETFs, commodities, FX, cryptocurrencies, and fixed income. Data is updated at millisecond frequency with over 99.9% uptime and 95% accuracy vs. NBBO, and new symbols are added every week.
First user is already live. Aftermath Finance, a leading DEX and LSD protocol on Sui, is integrating Pyth Pro to power faster and more accurate pricing across its products.
Pyth Network is an innovative decentralized oracle that sources financial market data from over 90 first-party publishers, including major exchanges and market-making firms worldwide. PYTH is up 11% in the last 24 hours, trading at $0.05092 per coin.
