Pyth Launches Upgraded OIS, Introducing On-Chain Staking Rewards and Penalties
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September 21, 2024
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Pyth Announces Oracle Integrity Staking (OIS) to Enhance Data Reliability and DeFi Security
Pyth Network has announced the launch of Oracle Integrity Staking (OIS), an upgrade designed to enhance the reliability of data sources and strengthen the security of the DeFi ecosystem.
OIS incentivizes publishers and PYTH holders to participate in staking through on-chain rewards and penalty mechanisms, safeguarding the security of the oracle network. Publishers can earn rewards for providing high-quality data, while facing penalties for inaccurate information. PYTH holders can stake and delegate to publishers to enhance their returns.
The Pyth DAO will oversee key updates and parameters of OIS.
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