Oracle Firm Peace Network Introduces Staking Rewards and Slashing Mechanism with OIS Launch
CryptoNewsTerminal Staff21 Sep, 2024
Oracle Firm Peace Network Introduces Staking Rewards and Slashing Mechanism with OIS Launch
Oracle solution provider Peace Network (PYTH) has launched the Oracle Integrity Staking (OIS) program, introducing on-chain staking rewards and a slashing mechanism to its network. This move aims to incentivize publishers to stake their PYTH tokens, making them eligible for on-chain rewards. However, if a publisher provides incorrect data, a portion of their staked amount will be slashed as a penalty. The OIS launch is a significant step towards enhancing the reliability and security of the PYTH network. By introducing staking rewards, Peace Network encourages publishers to actively participate in securing the network, while the slashing mechanism ensures that publishers are held accountable for providing accurate data.
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