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Pyth Network · Token

PYTH Token

Native governance token of the Pyth Network DAO.

About

PYTH is the native token of the Pyth Network DAO. It is used to vote on protocol parameter changes, treasury allocations, council membership, and other governance proposals. PYTH holders may also stake into Oracle Integrity Staking (OIS) to back specific Pyth publishers and share in the rewards (or slashing risk) of their data integrity. The token is deployed on Solana with cross-chain representations available on multiple blockchains via Wormhole.

Source: https://docs.pyth.network/home/pyth-token