Today, Douro Labs made the seventh distribution of 3,776,270 PYTH ($176,669 USD equivalent) to the DAO. Per CO-PIP-104, this distribution is paid in PYTH tokens at the May monthly TWAP of $0.046784 ($1 = 21.37 PYTH).
This distribution covers revenue from Pyth Pro subscriptions and Listing as a Service (LaaS) for May 1st 2026 to June 1st 2026, in accordance with CO-PIP-9 and OP-PIP-98.
May Revenue Breakdown
| Product | Gross Revenue | DAO Share | Douro Labs |
| ------------------- | ------------- | ------------------------- | ---------- |
| Pyth Pro (60/40) | $291,448* | 3,737,795 PYTH ($174,869) | $116,579 |
| LaaS (90/10) | $2,000 | 38,475 PYTH ($1,800) | $200 |
| Marketplace (60/40) | $0 | 0 PYTH ($0) | $0 |
| Total | $293,448 | 3,776,270 PYTH ($176,669) | $116,779 |
*Pyth Pro gross revenue was $343,837; $52,389 in credits applied for uncollectable historical revenue & cleanup, resulting in net revenue of $291,448.
Cumulative Revenue (since Sept 2025)
| Product | Gross Revenue | DAO Share | Douro Labs |
| ----------- | ------------- | --------- | ---------- |
| Pyth Pro | $1,445,063 | $867,038 | $578,025 |
| LaaS | $43,000 | $38,700 | $4,300 |
| Marketplace | $0 | $0 | $0 |
| Total | $1,488,063 | $905,738 | $582,325 |
Note: Cumulative figures shown in USD for consistency with prior reports.
May Highlights
Continued momentum across markets and infrastructure WITH major wins in APAC expansion, index adoption, and chain integrations.
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Kraken lists PYTHOIL — First major CEX to list a Pyth Index product, bringing 24/7 oil exposure to retail.
-
70+ Hong Kong equities live — Comprehensive HK stock coverage now available on Pyth Pro.
-
Pyth Core/Pythnet sunset announced — Legacy infrastructure to be deprecated by end of July 2026.
-
IPO day-one support — CRBS listed on Pyth within hours of IPO.
-
BitMEX FX markets — BitMEX launches FX perpetuals powered by Pyth Pro.
-
Pyth Pro on Cardano — Cardano Foundation integrates Pyth Pro.
PYTH/USD Monthly TWAP — 2026-05
Per CO-PIP-104, when Douro Labs delivers revenue in PYTH tokens, the conversion rate is the average daily closing price of PYTH/USD from the Pyth Lazer feed across all calendar days in the payment month.
2026-05 TWAP: $0.046784
Rate: $1 = 21.37 PYTH
DAO Distribution: $176,669 ÷ $0.046784 = 3,776,270 PYTH
| Date | Closing Price |
| -------------- | ------------- |
| 2026-05-01 | $0.046845 |
| 2026-05-02 | $0.049659 |
| 2026-05-03 | $0.048943 |
| 2026-05-04 | $0.048671 |
| 2026-05-05 | $0.049640 |
| 2026-05-06 | $0.051750 |
| 2026-05-07 | $0.052430 |
| 2026-05-08 | $0.059870 |
| 2026-05-09 | $0.058450 |
| 2026-05-10 | $0.059350 |
| 2026-05-11 | $0.058243 |
| 2026-05-12 | $0.054149 |
| 2026-05-13 | $0.050928 |
| 2026-05-14 | $0.050642 |
| 2026-05-15 | $0.046604 |
| 2026-05-16 | $0.044733 |
| 2026-05-17 | $0.043729 |
| 2026-05-18 | $0.044420 |
| 2026-05-19 | $0.038831 |
| 2026-05-20 | $0.042412 |
| 2026-05-21 | $0.042585 |
| 2026-05-22 | $0.039723 |
| 2026-05-23 | $0.042116 |
| 2026-05-24 | $0.041225 |
| 2026-05-25 | $0.041140 |
| 2026-05-26 | $0.040204 |
| 2026-05-27 | $0.039988 |
| 2026-05-28 | $0.038909 |
| 2026-05-29 | $0.040520 |
| 2026-05-30 | $0.042386 |
| 2026-05-31 | $0.041205 |
| AVERAGE (TWAP) | $0.046784 |