Pyth upgrades infrastructure and restructures economic models

Odaily reports that Pyth Network has announced a major strategic transformation: a comprehensive upgrade of its infrastructure and a shift in its economic model from token incentives to revenue-driven growth. According to two core proposals (OP-PIP-100 and OP-PIP-103), PythNet will be gradually shut down by 2026, with a focus shifting to the next-generation underlying layer, Lazer. The OIS staking reward mechanism will be terminated (parameter Y set to 0), but the security staking mechanism will be retained. Meanwhile, PYTH Reserve has used protocol revenue to repurchase approximately 12 million PYTH tokens. Commercial products (Pyth Pro, Data Marketplace) have become the core of growth, with leading prediction markets such as Polymarket and Kalshi already integrated, and institutional adoption continuing to climb.