Abstract
Transfer one-third (1/3) of the current Pyth DAO Treasury to the Pythian Council (Ops Multisig) in order to execute the purchase of PYTH tokens as proposed and approved in OP-PIP-87.
Proposal: OP-PIP-123: PYTH Token Phase 2 — Purchases #8 | Pyth Governance
Description
Following the distribution of revenues from Pyth Pro and LaaS for June 2026 by Douro Labs, (excluding PYTH) the Pyth DAO Treasury currently holds:
| Asset | Balance | USD Value |
|---|---|---|
| SOL | 305.77 | $25,180 |
| USDC | 115,656.39 | $115,656 |
| Total (excl. PYTH) | $140,836 |
SOL/USD rate: $82.35
This proposal aims to transfer 1/3 (33.33%) of DAO treasury to the Pythian Council (Ops Multisig), which was tasked by the Pyth DAO to administer and execute PYTH purchases per OP-PIP-87.
Therefore, the Pythian Council Ops Multisig (GAdn7TZhszf5KTfwNRx3A2nP6KCRFEWucZubgdEqbJA2) will receive:
| Asset | Amount | USD |
|---|---|---|
| SOL | 101.92 | $8,393 |
| USDC | 38,552.13 | $38,552 |
| Total | $46,945 |
Once the swaps are completed, the proceeds (PYTH tokens) will be sent back to the Pyth DAO Treasury.
Implementation
The on-chain proposal will execute the following transfers from the Pyth DAO Treasury to the Pythian Council Ops Multisig:
• From: 9HKkxg5dpqjUEW1U2r76SpQCH7uvDMciytNYxrpwMVNc (Pyth DAO Treasury)
• To: GAdn7TZhszf5KTfwNRx3A2nP6KCRFEWucZubgdEqbJA2 (Pythian Council Ops Multisig)
| Transfer | Amount |
|---|---|
| SOL | 101.92 |
| USDC | 38,552.13 |
Next Steps
1. DAO members vote on OP-PIP-121
If approved:
• The Pythian Council Ops Wallet receives the specified amounts
• The Pythian Council executes USDC/SOL → PYTH swaps as specified by OP-PIP-87
• Swapped PYTH tokens are sent back to the Pyth DAO Treasury