Pyth launches its upgraded version of OIS, introducing on-chain staking rewards and penalty mechanisms

BlockBeats news, on September 21, Pyth announced the launch of Oracle Integrity Staking (OIS), an upgraded version of Pyth, which aims to improve the reliability of data sources and the security of the DeFi ecosystem.

OIS encourages publishers and PYTH holders to participate in staking and ensure the security of the oracle network by introducing on-chain staking rewards and penalties. Publishers can get rewards by providing high-quality data, and they will be punished if the data is wrong.

In addition, PYTH holders can stake and delegate to publishers to enhance their returns. Pyth DAO will be responsible for overseeing key updates and parameters of OIS.