Pyth Network (PYTH)
Unlock Schedule
Pyth Network (PYTH) Token Unlock & Vesting Schedule
The unlock chart above provides a clear visual overview of the Pyth Network (PYTH) token release schedule, showing when and how tokens enter circulation across investor, team, treasury, and community allocations. Understanding these tokenomics dynamics is critical for evaluating potential supply pressure, inflation impact, and market liquidity over time — key factors that can influence PYTH price performance.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
The PYTH token powers governance and aligns incentives among publishers, developers, and token holders.
- Supply: Max supply of 10,000,000,000 PYTH. The initial circulating supply was 15%, with the remainder unlocking at 6, 18, 30, and 42 months after launch. (pyth.network)
- Allocations: Publisher Rewards (22%), Ecosystem Growth (52%), Protocol Development (10%), Community & Launch (6%), Private Sales (10%). These categories fund publisher incentives, grants, core development, the initial launch/airdrop, and strategic contributors. (pyth.network)
- Governance: PYTH holders participate in the Pyth DAO to set update fees, reward mechanisms, listing standards for new price feeds, permissioning rules for publishers, and software upgrades across chains. Governance is structured around proposals and elected councils that execute approved mandates. (pyth.network)
- Data‑usage fees: Because Pyth is a pull oracle, apps pay a small fee when they bring a fresh price on‑chain. Fees can be tuned by governance, and the model supports sustainable funding and publisher incentives at scale. (pyth.network)
- Oracle Integrity Staking (overview): Community resources describe a staking‑based accountability layer where publishers and participants can stake PYTH, with rewards for accuracy and potential penalties for faulty data. This aligns incentives around feed quality and reliability. (academy.binance.com)
Pyth also ran a large retrospective airdrop to bootstrap community governance and reward early users, dApps, and contributors, with up to 6% of total supply allocated across eligible groups. (pyth.network)
Assumptions
- Locked tokens unlock equally across the four cliffs at TGE+6, +18, +30, and +42 months.
Official tokenomics specifies four cliff dates but does not explicitly state split proportions; equal split is consistent with the 85% locked amount and widely reported 2.125B total per event.
- Genesis date anchored to 2023-11-20 for cliff calculations.
Official airdrop claim opened on 2023-11-20 and exchanges listed PYTH that day; unlock trackers align first cliff to 2024-05-20.
- No ongoing PoW/PoS issuance or protocol-level inflation for PYTH.
Pyth operates an appchain (Pythnet) with fees paid in target chain native tokens; tokenomics/whitepaper do not define mint-based rewards.
- Community and Launch airdrop distributions occur from already unlocked tokens and do not affect unlock schedule.
Airdrop is funded from the 6% Community and Launch allocation which is 100% unlocked at TGE.
- 1. https://www.pyth.network/blog/understanding-the-pyth-tokenomics
- 2. https://www.pyth.network/blog/pyth-network-retrospective-airdrop
- 3. https://www.pyth.network/blog/pyth-network-retrospective-airdrop-second-phase
- 4. https://www.pyth.network/blog/permissionless-mainnet-token-led-governance-are-live
- 5. https://pyth.network/whitepaper?ref=pyth-network.ghost.io