Ahoy hoy Josh!! How would this strategic reserve be accomplished? What medium of exchange and from which budget should this be achieved?
Would this be in addition to the existing OIS rewards? Or is there another mechanism?
Would this form part of a hypothetical use of fees generated?
I would be interested in hearing a highly-detailed plan for consideration, and how this tangible, measurable results would benefit the project in the long term
I would prefer a Solana strategic reserve. BTC and ETH already have ETFs. And this will also strengthen the relation of pyth and solana. And the profit generated might be use as a regular buyback of the $PYTH token, or like an auction mechanism to burn the $PYTH token, like in injective.
By the way, where is the financial support for Pyth to build a strategic reserve? Pyth’s core isn’t generating much revenue. I am very curious about the recent development of the offchain service pyth will be offering.
I’m against any action to sell $PYTH tokens to buy another cryptocurrency, especially given the recent brutal price action of $PYTH.