I support increasing the Pythian Council stipend to 45,000 PYTH per eligible member for the sixth term. I’ve served for two terms, and the workload has grown beyond the roughly 25 hours per mandate assumed in the original budget, especially with the recurring reserve operations introduced under OP-PIP-136.
The original stipend assessment was made when PYTH was worth roughly three to four times its current value. Since the stipend is denominated in PYTH, its value in dollar terms has fallen substantially even as the Council’s responsibilities have increased.
The adjustment also fits within the councils’ previously approved combined stipend envelope: up to 100,000 PYTH for the Pythian Council and 315,000 PYTH for the seven-member Price Feed Council. Since CO-PIP-139 retired the Price Feed Council, a maximum of 360,000 PYTH for the Pythian Council would remain 55,000 PYTH below that combined amount.
I support retaining the existing participation requirements and end-of-term review. As a current member who could benefit from another term, I believe the proposal should be assessed transparently under those same rules.