- What is the Price Feed Council?
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).
The first-ever Price Feed Council was elected in March 2024 and consists of 7 elected members who you can see here. The second Price Feed Council election happened in October 2024 and replaced 3 of the 7 previously elected council members. Finally, the third Price Feed Council election was held in April 2025, and replaced another 3 previously elected council members.
- The 4th Price Feed Council
According to the Pyth DAO constitution, the 4 members (out of 7) to remain in the next Pythian Council are selected given the following cascading criteria (the Election Criteria):
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The shorter tenure until the date of the election;
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In the case of equal tenure, the member with the higher amount of votes in the last election;
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In the case of equal tenure and equal amounts of votes, the member with the higher count of multisig participations
It is important to note that any Council member who has voted less than 1/3 of the proposals during the term will be excluded from automatic re-election.
You can find the table recapping all the Price Feed proposals here.
The below 2 Price Feed council members have the shortest duration (only 1 tenure) and so are automatically reelected unless they decide to step down (via a post below) or have failed to meet the 1/3 voting threshold:
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Anton Totomanov — Objective Labs
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Mario Bernardi — Pyth Data Association
Among the other council members, both John Gu and Nicolas Genechesi have had 2 terms and are automatically reelected unless they decide to step down (via a post below) or have failed to meet the 1/3 voting threshold.
Below are the voting participation of the 4 tentatively re-elected members:
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Anton Totomanov — Objective Labs → 12.7%
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Mario Bernardi — Pyth Data Association → 68.7%
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John Gu — Caladan → 2.4%
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Nicolas Genechesi — XBTO → 59.2%
2 of the 4 above council members have failed to reach the 33% threshold established and therefore will not be automatically re-elected.
Therefore, the 4th Price Feed Council Election must elect 5 new council members. They will join Mario Bernardi and Nicolas Genechesi.
- How to submit my candidacy?
Election of the Pyth DAO councils are a two step process:
a. One nominates himself/herself on the Pyth forum by creating a new topic under the Price Feed Council segment — nomination must be following the template below:
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Topic Title: [Price Feed Council Election #4], Candidate name, Protocol/Team/Company
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Wallet address (SPL/Solana):
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Describe how you will custody your private key (hardware wallet, MPC provider such as Fireblocks, etc):
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Name of Candidate
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Full Name:
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Twitter handle:
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Discord handle:
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Github handle:
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Current Role / Ecosystem
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Title:
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Company name (if applicable) or Protocol:
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Main Location
- Continent:
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Motivations to participate in the Pythian Council:
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…
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…
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…
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Relevant Experience:
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…
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…
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…
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This first step must be done by Sunday, November 16, 2025.
b. On Monday November 17, 2025, a multi-choice proposal will be created on Realms where all nominees will be listed.
The voting will last for one full week from the proposal creation.
- What is the Timeline for the council formation?
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Forum Nomination: From now until Sunday 16th, November, 2025
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Onchain Voting: From Monday 17th, November, 2025 until Monday 24th, November, 2025
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Pythian Council Approval: From Tuesday 25th, November, 2025, PYTH stakers will have to approve the elected Price Feed Council and budget.