Guide for the Community Council Election #1

Community Council
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What is the Community Council?

The Pyth Community Council represents a cornerstone initiative to empower and amplify the collective voice of the Pyth community. As defined in the Pyth DAO Constitution, the Community Council is made of 7 members who are signers of the Community Multisig Wallet with a 6-signer requirement. The Community Multisig Wallet has powers to perform actions that are delegated to it by the Pyth DAO.

The Council’s core mandates include:

  • Value Creation: Driving initiatives that directly benefit Pythians through raising budget requests for the term and allocating according to the plan approved by the DAO, Impact Awards program oversight, and community-first development initiatives
  • Collective Voice: Representing and amplifying community interests through governance participation and advocacy, partnership development, and cross-ecosystem collaboration
  • Network Growth: Championing Pyth’s mission through educational content and resources, community-driven research, and strategic partnerships and integrations

Each elected council member takes on a specific role within the Community Council:

  • Council Lead: Provides strategic oversight and leadership for community initiatives
  • Administration: Oversees Impact Awards, community budget, and product development
  • Impact Operations: Develops and creates Pyth community social initiatives
  • Partnerships & Collaborations: Fosters and grows community relationships across web3
  • Analyst: Keeps abreast of Pyth Governance, Product development, and competitive analysis

Council members serve 12-month terms. The first-ever Community Council will be elected in March 2025.

How to submit my candidacy**?

**eligibility requires that you are a Pyth staker for the duration of your application and potential term.

Election of the Pyth DAO community council is a 2 step process:

  1. One nominates himself/herself on the Pyth forum by creating a new topic under the Community Council segment — nomination must be following the template below:

Topic Title: [Candidate name, Protocol/Team (if applicable)]
Wallet address (SPL/Solana): [tH1sI5af4k3So14NAaDdr3s5]
Describe how you will custody your private key (hardware wallet, MPC provider such as Fireblocks, etc):

**Name of Candidate: [**Full Name]
Twitter handle: [@twitterhandle]
Discord handle: [@discordhandle]
Github handle: [@githubhandle]

Motivations to participate in the Community Council:
…
…
…

Relevant Experience:
…
…
…

This first step must be completed by Sunday 9th March 11.59PM UTC at the latest.

  1. Nominate yourself onchain on Pyth DAO Realms (note that anyone can nominate someone else onchain)

Upon start of the on-chain voting election (Monday 10th March 0:00 UTC), all applications on the Pyth DAO Forum under the Community Council section will be submitted to Realms. Once submitted, voting for the candidates will commence.

What is the Timeline for the council formation?

  • Forum Nomination: From now till Sunday 9th March 11.59PM UTC
  • Onchain Nomination: From Monday 10th March 0:00 UTC - start of voting on-chain
  • End of Voting: Monday 17th March 00:00 UTC
  • Community Council Approve: From Monday 17th March, PYTH stakers will have to approve the elected Community Council.
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Big congrats to everyone involved! We’re moving forward on this huge milestone.

The creation of the Community Council has been approved by the DAO and added to the constitution. Official nominations can now commence!

You can check the post here;

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I’ve Nominated myself before without Wallet address (SPL/Solana): Added, do I need to do it again with Wallet added? And also I can’t make a post here, seems I’m restricted someone has to help me make the post the last time.

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Hey Smartcoded,

You are restricted until you level up to at least Trust Level 2: Member on this governance forum. You’ll get this badge upon completion:

image
image375×165 5.32 KB

All you need to do is actively participate in various methods on this forum including: active time spent, replies, reading etc. Check out the link to this topic below:

https://forum.pyth.network/t/discourse-trust-level-explainer/19/2

Alternatively, I am happy to post a new nomination topic on your behalf (as done previously) in case you don’t have the time. Feel free to DM me on Discord, or even message in here :slightly_smiling_face:

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Thank you, seems I understand now…

Do I need to add my wallet or resubmit the Nomination?

I’ve submitted my Nomination without the wallets before, and now Wallet is required.

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Yes sir. Submissions must follow the guide above.

Feel free to DM me and I can amend the original post if you like?

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Thank you.

I’ve got everything resolved today,and new nominations is up.

Should be Incase of anything else,I will let you know.

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