Pyth has recently undergone a major upgrade to Oracle Integrity Staking (OIS). Pyth currently covers half the number of protocols as Chainlink. This Staking upgrade also has a certain degree of innovation. This period of industry confusion is the right time to learn. Accumulating knowledge will lead to fruitful results. A brief study and summary are provided below.

In simple terms, staking incentivizes high-quality data and fines low-quality data. Retail investors can stake and entrust publishers to share the risks and benefits, so as to better help ensure the security of the oracle and further empower pyth (2/n) x.com/PythNetwork/status/18373...

Data publishers can obtain rewards by staking PYTH. They will be rewarded for providing high-quality data and fined for providing wrong data. (3/n)

Retail investors can entrust their pledges to these data publishers to help them improve their incentives. If the data does not meet the standards, both the publisher and the entruster will be fined (3/n)

This is similar to Restaking, both of which guarantee one's own funds to others, and share the joys and sorrows. Considering that the key areas of empowerment of Restaking also include oracles, Pyth's wave can be regarded as grabbing this piece of cake in advance. After all, it is Pyth's own ecosystem that can enforce it (4/n)

Of course, Pyth OIS not only focuses on data quality, but also encourages data publishers to expand the coverage of price feed data through incentive mechanisms. By supporting more asset types, publishers can increase the upper limit of pledge and obtain higher potential rewards. Not only quality, but also quantity is important. It can be said that it is closely following the population policy. More quantity will make it easier to grow bigger and stronger (5/n)

Pyth DAO is responsible for determining the parameters for managing Oracle Integrity Staking, such as the staking limit, delegation fees, penalty amounts, etc. The most important excerpts for stakers are as follows: - Maximum reward rate (currently 10%): The maximum reward rate that can be obtained in the staking pool. Although a higher maximum reward rate can increase the total profit potential of participants, it is necessary to ensure that Oracle Integrity Staking and Pyth Network… x.com/i/web/status/18384221334...

- Delegation Fee (currently 20%): The publisher charges a fixed percentage of rewards to the stakers in the staking pool as a delegation fee, which is the net reward after deducting any slashing amount. - Slashing Mechanism (currently capped at 5%): If the data does not meet the requirements, both the publisher and the supporting stakers may be fined. (7/n)

Pyth’s TVS (Total Value Secured), i.e. the total TVL of the projects covered, continues to grow and is close to $5B. A careful analysis shows that it has a relatively large advantage over Solana and Sui. These two chains are currently developing well, and the project owners have relatively sufficient budgets. The effect of Pyth’s staking campaign can be observed carefully (8/n)

Twitter is limited in length. If you want to know more information, I recommend reading @TechFlowPost, which is more comprehensive than the official tweet (9/n)

In general, although the current industry development is confused, it is indeed still iterating and updating, learning from each other, and finally posting the pledge link 👇 (n/n)