{"id":137669,"date":"2024-09-22T10:00:46","date_gmt":"2024-09-22T07:00:46","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137669"},"modified":"2024-09-22T01:32:59","modified_gmt":"2024-09-21T22:32:59","slug":"pyth-network-introduces-staking-for-better-data-accountability","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/pyth-network-introduces-staking-for-better-data-accountability\/","title":{"rendered":"Pyth Network Introduces Staking for Better Data Accountability"},"content":{"rendered":"<p>The <strong><a href=\"https:\/\/x.com\/PythNetwork\/status\/1837382947349102987?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1837382947349102987%7Ctwgr%5Ef6fe1de9c1cc5a4f0df98c77af24cc96bb784dc7%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcoinedition.com%2Fpyth-network-introduces-staking-program-to-enhance-data-reliability%2F\" rel=\"nofollow\">goal<\/a> <\/strong>is to ensure high-quality real-time price feeds across the decentralized finance (DeFi) ecosystem.<\/p>\n<p>OIS brings decentralized staking to the Pyth network, allowing <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/pyth-network\/\">PYTH<\/a> <\/strong>token holders and data providers to stake tokens and earn rewards linked to the quality of the data they supply. To ensure data reliability, the system incorporates a slashing mechanism, penalizing contributors who provide inaccurate data. This structure holds both stakers and publishers accountable, promoting a trustworthy network.<\/p>\n<p>Governance over the OIS program is managed by the Pyth DAO, which oversees critical updates and votes on key parameters, such as staking rewards and slashing criteria. The DAO also decides how slashed funds are allocated and can introduce new reward mechanisms, including on-chain revenue generated by the oracle.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-137661\" href=\"https:\/\/cryptodnes.bg\/en\/bonk-inu-announces-first-ever-memecoin-etp-in-the-u-s\/\" title=\"Bonk Inu Announces First-Ever Memecoin ETP in the U.S.\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/01\/bonk-solana-token-gID_4-240x170.png\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bonk Inu Announces First-Ever Memecoin ETP in the U.S.<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>In this system, participants can delegate their PYTH tokens to data providers, increasing their reward potential. However, if a provider fails to meet the network\u2019s standards, stakers supporting them could face penalties, encouraging a more selective and responsible approach to staking. The staking process is straightforward, involving a four-step method where participants stake tokens, select publishers, and earn rewards based on publisher performance after a short warm-up period.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Pyth Network has introduced Oracle Integrity Staking (OIS), a feature designed to enhance accountability among data sources by implementing staking rewards and penalties.<\/p>\n","protected":false},"author":3,"featured_media":137671,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[108],"coin_category":[],"class_list":["post-137669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-price"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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