About the Price Feed Council

The Price Feed Council is in charge of selecting the price feeds available on the network as well as the selection of data publishers for the existing feeds.

As defined in the adopted Pyth DAO Constitution, the Price Feed Council is made of 7 members who are signers of the Price Feed Multisig Wallet. The Price Feed Multisig Wallet has powers to perform actions that are delegated to it by the Pyth DAO.

The Operational PIPs delegated to the Price Feed Council involve:

  • the management of the list of price feeds available through Pyth
  • the selection of publishers and the setting of the minimum number of such publishers per price feed

The execution of such actions by the Price Feed Council requires 5-of-8 approval (with one of the default multisig holders being the Operations Wallet itself)