Pyth announced on the X platform that it has launched an upgraded version of Pyth, Oracle Integrity Staking (OIS), which aims to improve the reliability of data sources and the security of the DeFi ecosystem.
OIS introduces on-chain staking rewards and slashing mechanisms to encourage publishers and PYTH holders to participate in staking and ensure the security of the oracle network.
Publishers can be rewarded for providing high-quality data and punished if the data is wrong. In addition, PYTH holders can stake and delegate to publishers to enhance their returns.
The Pyth DAO will be responsible for overseeing key updates and parameters of the OIS.
