Pyth crypto jumps 16% as DAO commits product income to PYTH buys

Pyth Network [PYTH] has gained roughly 16% across two days after its DAO approved a new rule connecting product income with token purchases. The policy creates a recurring source of demand for PYTH. But the amount purchased will depend on the money Pyth’s products generate. Every dollar received will now buy PYTH Under the newly approved “100% Rule,” all funds received by the Pyth DAO from its products will go toward accumulating PYTH. Previously, the DAO committed one-third of its non-PYTH balance each month. Every transfer also required a separate community vote.

Source: AMBCrypto