Look, Pyth team

[Derrp]

I am an investor. And I am not exhausted. Please do not pretend to speak on my behalf.

I have seen your created threads here and have avoided responding until now because I can see that your price-time horizon is short. This is fine, we all have different outlooks.

I do not think the Pyth Network can actually functionally operate without unlocks. I have recently replied to someone that shares your concerns, so please allow me to post here too:

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As far as I understand it, at the next unlock we will:

• Unlock a portion of Publisher rewards: which are vital, obviously to continue to pay our 1st party sources.
• Unlock a portion of Protocol Development which for contributors (likely Douro et. al.). Unlikely that Douro would keep the wheels turning if we did not pay them
• Unlock a portion of Ecosystem Growth for Devs, Early publsihers, and Community Grants (Pyth Playground, PythWheel, Pythentity, etc.). Likely the only easy portion of funds to freeze. But community growth freezes and likely retraces.
• Unlock a portion of Private Sales. Unlikely to be possible due to contractual agreements from the beginning.

• If we stop Publisher rewards, we definitely fail
• If we stop Protocol development, we fail
• If we stop Private sales unlocks, we have legal trouble
• If we stop Ecosystem Growth, we likely retard the ability to scale the Pyth Network easily, and all the community, research, and development stagnates or disappears

I may be missing something, but I don’t really see a compelling case for a lack of unlock, or even a delay. What I see is a need to maximise revenue streams as quickly as possible so we can keep paying Douro and our publishers in the longest possible timeline.

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If you are focused on short (and long) term token price, I suggest you also get involved in Pyth token phase 3 discussion

Pyth Token Phase 3

In general, I thought the intent of OIS was a great use of the token to actually stake against quality data. HOWEVER: It depended largely on the publisher staking $PYTH against their own data to be effective as a “punishment” metric. Whilst some publishers confidently backed up their data with tokens, the overwhelming majority of publishers staked zero tokens. Furthermore, not one data misprint (for a slashing proposal) was submitted to the Pythian Council, as far as I can tell. So there was …

Which seeks to end OIS rewards. This will reduce emissions and likely support short term price. Also, and perhaps more importantly, it will increase the chances of profit sustainability for the longer term success of the project. Further discussions about the actual use of these reserve tokens may become relevant also. Currently they buyback PYTH from the open market and take it off the circulating supply in the Reserve wallet.

There are plenty of ways to achieve what you want (price appreciation). Unfortunately, focusing on necessary unlocks (which were baked-in and fully transparent before TGE) I do not think is the path to achieving this. Ultimately, it may be a race to the bottom of the project collapses due to its inability to pay the various first-party data sources that make us the best damn price layer that has ever existed.

I thank you for your honesty, but encourage you to see the multitude of options you have before you. Instead of insisting that your particular method of goal attainment is the only path forward.