2024

DeFi

Enhance

Pyth Network

Coin

<ul class="news-points wp-block-list">
 <li>Oracle Integrity Staking introduces accountability and rewards for Pyth network participants.</li>
 <li>Pyth DAO governs staking, slashing, and reward parameters, ensuring system adaptability.</li>
 <li>PYTH token holders can stake, earn rewards, or face penalties based on data quality.</li>
</ul>
The Pyth Network has rolled out Oracle Integrity Staking (OIS). This upgrade aims to improve data source accountability by introducing staking rewards and slashing mechanisms for participants. With OIS, Pyth wants to make sure its real-time price feeds stay top-notch across the DeFi ecosystem.
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 What if you could get rewarded for protecting DeFi? Enter Oracle Integrity Staking (OIS)—an upgrade to Pyth bringing enhanced data source accountability for a more secure DeFi ecosystem. OIS brings on-chain staking rewards and slashing mechanisms to the network. Learn more <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2b07.png" alt="⬇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/0rJ58bH3Xa" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/0rJ58bH3Xa</a>— Pyth Network <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f52e.png" alt="🔮" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@PythNetwork) <a href="https://twitter.com/PythNetwork/status/1837382947349102987?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 21, 2024</a>
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Additionally, Oracle Integrity Staking will bring a decentralized staking mechanism to the Pyth network. This new feature lets PYTH token holders and data publishers stake tokens and receive rewards tied to the quality of data provided.
Beyond these reward…
The post <a href="https://coinedition.com/pyth-network-introduces-staking-program-to-enhance-data-reliability/" rel="noopener noreferrer nofollow">Pyth Network Introduces Staking Program to Enhance Data Reliability</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Pyth Network Introduces Staking Program to Enhance Data Reliability

Coin Edition

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