Guide for the 6th Pythian Council Election

Pythian Council
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1. What is the Pythian Council?

Under the Pyth DAO Constitution, the Pythian Council has eight members who sign the Pythian Multisig Wallet. The Council carries out powers delegated by the Pyth DAO. Its multisig requires 7-of-9 approval, including the Operations Wallet.

The Council’s delegated Operational PIPs cover:

  • upgrades to the oracle and cross-chain verification programs;
  • data-request and other protocol fees;
  • Express Relay upgrades, relayer assignment and performance, and fee distribution;
  • Entropy upgrades and request fees; and
  • formal objections to Pyth Data Marketplace publisher onboarding.

The DAO has also approved Council execution duties for the Strategic Reserve and cross-chain fee repatriation.

Previous Councils approved by the DAO:

2. The 6th Pythian Council

The Constitution provides for four members to remain from the current Council, selected in this order: shorter tenure; if tied, higher vote count at the last election; if still tied, higher multisig participation. A member who voted on fewer than one-third of the term’s proposals is excluded from re-election. If that rule disqualifies a member who would otherwise remain, more than four seats may need candidates, as happened in the fourth election.

Current fifth-Council members and their reported participation are below and are available here.

Member Organization Terms including current Fifth-term participation Status
Saad Majdaoui (Samurai) Pyth Network Chiron 1 84.62% Automatically re-elected
GrizzlyLand Pyth Network Chiron 2 84.62% Automatically re-elected
Frozenmind Pyth Community Contributor 2 100.00% Automatically re-elected
Yaser Jazouane Douro Labs 3 46.15% Automatically re-elected
George M XBTO 3 7.69% Below one-third threshold
Ivo Galic Trebuchet Network 4 7.69% Below one-third threshold
Marc Tillement Pyth Data Association 5 84.62% Meets threshold; seat up for election
Jayant Krishnamurthy Douro Labs 5 69.23% Meets threshold; seat up for election

Saad Majdaoui, GrizzlyLand, Frozenmind, and Yaser Jazouane are the automatically re-elected members on this snapshot.

Four seats are currently open for election.

3. Call for candidates

Community members with technical, governance, operational, or ecosystem experience are encouraged to stand. The Council reviews consequential on-chain changes and carries out DAO-approved decisions. Candidates should be prepared to review proposals, verify implementation instructions, sign when appropriate, and take part in ongoing Council work.

4. How to submit a candidacy

Create a topic in the Pythian Council forum section by Thursday, November 19, 2026, 23:59 UTC. Use the title:

[Pythian Council Election #6] Candidate name — Protocol/Team/Company

Include:

  • Solana and Ethereum wallet address and how its signing key will be held;
  • full name and public X/Twitter, Discord, and GitHub handles (where applicable);
  • current role, organization or protocol, and continent;
  • motivation to serve; and
  • relevant experience.

Under the Constitution, the candidate or nominator must hold at least 0.5 basis points of current Votable Tokens. If nominations exceed the available seats, the candidates will go to a one-week on-chain member vote. If nominations match the available seats, the DAO may vote directly on Council approval, as it did in the fifth election.

5. Timeline for Council formation (UTC)

  • Forum nominations: from publication of this guide through Thursday, November 19, 23:59 UTC.
  • If nominations exceed the available seats: on-chain member election will happen from Friday, November 20, through Friday, November 27 (one week). The DAO approval vote follows the result.
  • If nominations equal the available seats: launch the DAO Council-approval vote on Friday, November 20, without a competitive member election.
  • If nominations fall short: extend forum nominations through Thursday, November 26, 23:59 UTC. If a competitive vote is then needed, target Friday, November 27–Friday, December 4. If nominations then equal the seats, launch the DAO Council-approval vote on Friday, November 27 instead. Announce a further plan if seats remain unfilled.

6. Stipend

OP-PIP-118 approved a stipend of 12,500 PYTH per eligible member for the current six-month term. The DAO may decide to revisit this amount for the next Council. Payment for the current term remains subject to its final participation review and the approved payment process.

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