Pyth Network to use 33% of DAO treasury for monthly PYTH buybacks

Pyth Network has launched a buyback program this month, dubbed PYTH Reserve, which will allocate 33% of its DAO treasury to purchase PYTH tokens from the open market monthly. According to The Block, the buybacks will be funded by network revenue. The first purchase is expected to be between $100,000 and $200,000. The DAO treasury currently holds approximately $500,000.