Pyth Network announces infrastructure upgrade and economic model transformation

Pyth Network announces infrastructure upgrade and economic model transformation. According to proposals OP-PPIP-100 and OP-PPIP-103, Pythnet will gradually shut down in 2026 and shift towards a new generation of underlying Lazer; The OIS staking reward mechanism has been terminated, but the security penalty mechanism remains in place. PYTH Reserve has repurchased approximately 120 million PYTH units using agreement revenue, with commercial products such as Pyth Pro and the data market becoming the growth core. Predictive markets such as Polymarket and Kalshi have also been integrated.