Pyth

**Kalshi**, the world's largest prediction market, has integrated **Pyth Pro** to power real-time settlement for commodity and energy markets. **Markets now supported:** - Gold - Silver - Oil - Natural Gas - Corn - Wheat The integration addresses a critical gap in prediction markets: traditional exchanges close, but commodity prices continue moving. Pyth Pro enables Kalshi to settle bets using prices that remain live 24/7, even when conventional markets are offline. This follows Polymarket's recent adoption of Pyth Pro for similar use cases, indicating growing demand for continuous price feeds in prediction markets. [Read coverage from Benzinga](https://www.benzinga.com/markets/prediction-markets/26/04/51969511/kalshi-taps-pyth-network-to-settle-bets-on-gold-oil-wheat-and-more)

Coinbase has introduced perpetual futures trading for gold and silver, utilizing Pyth Pro's oracle infrastructure for price feeds. **Key Details:** - Gold and silver perpetual futures now available on Coinbase - Powered by Pyth Pro oracle technology - Expands traditional commodity exposure in crypto markets This follows a pattern of precious metals integration in DeFi, with platinum and palladium previously launching on LeverageX in August 2025, also using Pyth's oracle services. The addition brings traditional commodity trading instruments to Coinbase's platform, allowing traders to gain exposure to precious metals through perpetual futures contracts.

**Pyth Network has announced a major infrastructure upgrade and economic model shift.** The oracle network is moving away from subsidy-based token emissions toward a revenue-driven approach. This transition involves sunsetting their previous network infrastructure in favor of new systems. **Key changes include:** - Economic model now based on actual protocol revenue instead of token emissions - PYTH Reserve converts protocol revenue into monthly open-market PYTH token purchases - Approximately 12 million PYTH tokens purchased to date through this mechanism - Revenue generated from multiple products: Pyth Pro, Core, Entropy, Express Relay, and the Data Marketplace The shift represents a move toward sustainable tokenomics backed by real business activity rather than inflationary emissions. Full details are available in [Pyth's official blog post](https://www.pyth.network/blog/pyth-s-next-chapter-infrastructure-upgrade-and-a-revenue-based-economic-model?utm_source=organic_social&utm_medium=x_post&utm_campaign=2604_post&utm_term=oissunset).

**Pyth Network has discontinued reward emissions for its Oracle Integrity Staking (OIS) program.** What's changing: - Reward emissions have ended (Y=0) - Most participants are expected to unstake from OIS What remains unchanged: - Stakers can still withdraw anytime with no lockup changes - Slashing mechanisms remain active for staked participants - Governance staking continues as a separate, unaffected program - Token holders can still participate in Pyth Network governance and decision-making The move marks a significant shift in the network's incentive structure while maintaining its core governance framework.

Pyth Network's Oracle Integrity Staking program has reached a significant milestone with approximately **1 billion PYTH tokens** staked across roughly **120 publisher pools**. **Key Achievement:** - Zero slashing proposals have been submitted to the Pyth DAO since the program's inception - This demonstrates strong oracle reliability and publisher performance The staking mechanism allows PYTH holders to help secure the network's oracle data feeds while earning rewards. The absence of slashing proposals indicates publishers have maintained high standards in data accuracy and reliability. Stakers can participate at [staking.pyth.network](https://staking.pyth.network/?utm_source=organic_social&utm_medium=x_post&utm_campaign=2412_ois)

Multiple prediction market platforms are experiencing increased demand across their services. The growth spans several major platforms: - **Polymarket** - **Trade[XYZ]** - **Coinbase** - **Kalshi** - **OKX** - **BitMEX** - **Bitget** Institutional participants are increasingly joining through marketplace channels, signaling broader acceptance of prediction markets in traditional finance.

The Pyth DAO approved OP-PIP-100, marking a significant infrastructure shift for the oracle network. **Key Changes:** - Pythnet, the appchain operational since 2021, will be sunset later in 2026 - Migration to Lazer as the new underlying rail - Oracle Integrity Staking program winding down - OP-PIP-103 sets reward rate to 0 before pool depletion on April 22-23 This transition represents a strategic move away from the dedicated appchain model toward a new infrastructure approach with Lazer.

Pyth Network is implementing a major infrastructure upgrade that fundamentally changes its economic model. **Key Changes:** - Transitioning from Oracle Integrity Staking (OIS) to a revenue-based economic system - New infrastructure rails being deployed - OIS staking rewards program will be discontinued This marks a significant shift from the OIS model introduced in 2024, which incentivized data quality through staking mechanisms. Current OIS stakers will need to understand how these changes affect their positions and rewards. The upgrade represents Pyth's evolution toward a more sustainable, revenue-driven oracle infrastructure model.

The Pyth Data Marketplace is restructuring how financial data flows through markets. **The Legacy Problem** - Traditional model gave vendors control over institutional price data - Institutions creating price discovery had minimal say in data distribution **The New Approach** Pyth's marketplace introduces three core principles: - **Ownership**: Data producers retain control - **Transparency**: Clear visibility into data usage - **Global reach**: Accessible infrastructure This shift moves away from legacy architectures that constrain modern market infrastructure, enabling price discovery aligned with real-time settlement. [Read Pyth's SEC comment letter](https://www.sec.gov/files/douro-labs-comment-letter-rule-603-vendor-display-rule-022026.pdf)

Polymarket has launched a crude oil prediction market powered by Pyth's oracle network. The integration brings real-time price data verification to the platform's commodities trading markets. **Key Details:** - Polymarket's new crude oil market uses Pyth for price feeds - Follows the principle of "don't trust, verify" for data accuracy - Expands Polymarket's offerings beyond crypto and political predictions This marks another adoption of Pyth's oracle infrastructure in DeFi applications, following previous integrations with platforms like Euler Finance vaults.