Pyth Launches Upgraded Oracle Integrity Staking, Introducing On-Chain Staking Rewards and Penalties
Article is form Jinse
September 21, 2024
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Pyth Upgrades Oracle Integrity with Staking (OIS)
Gold Finance reported that Pyth announced the launch of Oracle Integrity Staking (OIS) on X, an upgrade aimed at enhancing data source reliability and DeFi ecosystem security.
OIS incentivizes publishers and PYTH holders to participate in staking by introducing on-chain staking rewards and penalty mechanisms, safeguarding the oracle network.
Publishers can earn rewards for providing high-quality data, while incurring penalties for errors. Additionally, PYTH holders can stake and delegate to publishers for increased returns.
The Pyth DAO will oversee key updates and parameters for OIS.
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