Pyth to use 100% of product revenue received by DAO for PYTH buybacks, ARR reaches $11.49 million

PANews reported on October 8, citing Pyth's official blog, that the Pyth DAO has approved the "100% Rule," directing all Pyth product revenue received by the DAO toward open-market buybacks of PYTH, replacing the previous mechanism of using one-third of the non-PYTH treasury balance each month for buybacks. This ratio applies to the DAO's share, not the protocol's total gross revenue. As of the end of September, Pyth's annualized recurring revenue (ARR) reached $11.49 million, up 86.5% from the previous quarter, with 276 paying accounts.