Pyth Network to Retire Pythnet Application Chain by 2026

Pyth Network has announced that the Pythnet application chain will be officially retired in late 2026, following the approval of the OP-PIP-100 proposal. According to Foresight News, the OP-PIP-103 proposal sets the Oracle Integrity Staking (OIS) reward distribution rate parameter to zero, marking the end of the OIS reward mechanism, which began in late 2024 and attracted approximately 1 billion PYTH in staking. Pyth Network stated that the OIS staking and penalty mechanisms remain effective, allowing current stakers to unstake and withdraw at any time. Moving forward, the network will focus on Lazer, Pyth Pro, and the data marketplace as its core infrastructure. Since its inception, the PYTH reserve has acquired about 12 million PYTH through the open market.