initial commit

Author: aditya520

pages/home/pyth-token.mdx

@@ -1,23 +1,38 @@
-# What is PYTH?
+import { Steps } from "nextra/components";
 
-    PYTH is the governance token of the Pyth Network.
+# PYTH Token
 
-    PYTH Token holders can access Pyth governance through the convenient staking and governance [frontend](https://staking.pyth.network/).
+The Pyth Network, as a distributed system, needs to have a constitution and a clear governance system.
 
-    Pyth Network’s governance system allows anyone with PYTH Tokens to participate. Token holders must stake their tokens in the Pyth staking program to vote on community governance proposals. Governance uses a 1:1 coin-voting system, where each staked token confers one vote.
+PYTH is the governance token of the Pyth Network, and the [Pyth DAO constitution](https://github.com/pyth-network/governance/blob/main/docs/constitution/pyth-dao-constitution.md) is the governance framework for the Pyth DAO. The constitution outlines the rules and procedures of the Pyth DAO. These rules and procedures are generally enforced through on-chain contracts and the associated parameters, unless specified by the Pyth DAO for actuation off-chain.
 
-    Any PYTH Token holder can submit proposals to the Pyth DAO as long as they have 0.25% of the total PYTH tokens staked.
+## PYTH Token Staking
 
-    A proposal is considered passed if it meets the following conditions at the end of the 7 day voting period:
-    - More yesses have been cast than nos.
-    - The "Approval Quorum" has been met. This is a percentage of staked tokens that must have voted yes for the proposal to pass. The threshold can vary depending on the type of proposal.  The current thresholds can be found in the "Governances" sections of the [parameters of the DAO](https://app.realms.today/dao/PYTH/params) as "Community Vote Threshold Percentage". It is expressed as a percentage of staked tokens at the start of the voting period for the proposal.
+PYTH Token can be staked for Governance and Oracle Integrity.
 
-    Proposals are binding on-chain: each proposal has one or more associated instructions that are executed when the proposal passes. Community governance proposals can relate to all of the following:
+<Steps>
+### Staking PYTH for Governance
 
-    - Determine the size of update fees.
-    - Determine the reward distribution mechanism for publishers.
-    - Approve other software updates to on-chain programs across blockchains.
-    - Determine the price feeds are listed on Pyth and their reference data (e.g., number of decimal places in the price, reference exchanges).
-    - Choose the publishers that are permissioned to provide data for each price feed
+PYTH token holders can participate in Pyth governance through staking and [governance](https://staking.pyth.network/). Token holders use their staked tokens in the Pyth staking program to vote on community governance proposals.
+
+Governance uses a 1:1 coin-voting system, where each staked token confers one vote.
+
+Any PYTH Token holder can submit proposals to the Pyth DAO as long as they have **0.25% **of the total PYTH tokens staked.
+At the end of the **7 day** voting period, a proposal is passes if it meets the following conditions:
+
+- More yesses have been cast than nos.
+- The "**Approval Quorum**" has been met. \
+  **Approval Quorum** is a percentage of staked PYTH tokens that must have voted yes for the proposal to pass. "Community Vote Threshold Percentage" is expressed as percentage of staked tokens at the start of the voting period for the proposal. This percentage threshold can vary depending on the type of proposal. The current threshold can be found in the "Governances" sections of the [parameters of the DAO](https://app.realms.today/dao/PYTH/params).
 
 Please note that the scope of community governance proposals may be expanded if the PYTH token holders (or the Pyth DAO) decide so.
+
+### Staking PYTH for Oracle Integrity
+
+The Pyth Network is built to give decentralized applications reliable and trustworthy data. The quality of the data it provides is paramount for the functioning of these applications and the overall success of the network.
+
+Pyth's [Oracle Integrity Staking] (OIS) concentrates the production of quality data in the hands of a limited set of semi-trusted entities to achieve more coverage and lower latency than the competition. The responsibility of Publishers over data quality is not just ethical but also incentivized through economics:
+
+- **Staking and Slashing:** Publishers can self-stake PYTH tokens as collateral. It also allows other stakers to choose publishers to delegate their PYTH tokens. In the event of data inaccuracies or inconsistencies, a portion of this stake can be slashed as a penalty. This mechanism ensures that publishers have a vested interest in providing accurate data
+- **Reputation:** The reputation of data publishers is directly linked to the quality of data they provide. Publishers with a track record of providing accurate data are more likely to be trusted and attract more interest
+
+</Steps>