The Pyth DAO approved a proposal, OP-PIP-136, that sends 100% of what it receives from Pyth’s products into open-market purchases of PYTH, Pyth Network announced on Oct. 8. The DAO’s governance forum lists the proposal as passed, and Pyth said the first purchases under it ran on Sept. 30.

The DAO has held a PYTH Reserve since December 2025, funded by monthly purchases sized at one third of its non-PYTH treasury balance, each needing its own vote. OP-PIP-136 replaces those votes with one standing authorization and extends the policy to non-PYTH assets the DAO already holds.

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Purchases Had Slowed

The proposal’s author, who posts as KemarTiti, listed monthly purchases at about 2.75 million PYTH in March, 1.80 million in June, 1.14 million in July and 669,662 in August. Meanwhile, Pyth said it reached $11.5 million in overall annual recurring revenue in September, up 86% quarter over quarter.

What the 100% Covers

The figure applies to the DAO’s own share of revenue, not to gross revenue. Pyth said a 60% share of revenue from the products the DAO owns goes to the DAO. The rule covers Pyth Pro subscriptions, Listing as a Service, the Data Marketplace and Pyth Indices. The proposal does not change any revenue split, and its author wrote earlier that Douro Labs keeps its contractual share.

Revenue that reaches the DAO as stablecoins goes to the Pythian Council Ops Multisig, which converts it into PYTH under the existing limits: a 5% slippage cap, a $25,000 limit on each trade and a preference for aggregators. The council may not sell, borrow against or distribute the PYTH, the proposal says.

Direct payments in PYTH are not described as open-market purchases, the proposal says. In the September discussion, a forum participant who goes by scp questioned whether PYTH paid directly by Douro Labs should count as a buyback. A Douro Labs account responded that, for Pyth Pro-related distributions, Douro would keep transferring the DAO’s share in USDC each month, to be converted to PYTH on-chain.

Pyth’s post puts the Reserve at 41 million PYTH in one passage and 42 million in another. Mike Cahill, CEO of Douro Labs and a core contributor to Pyth Network, said in the announcement that the DAO putting its entire share into the Reserve is “the strongest alignment this network has had.”

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