[ONGOING] OP-PIP-91: PYTH Token Phase 2 — Purchases #3

Proposals
1

Abstract

Transfer 33% 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.

Description

Following the distribution of the revenues from Pyth Pro for January 2026 by Douro Labs, the Pyth DAO Treasury currently holds:

  • 353,852 USDC
  • 21.39 SOL

This proposal aims to transfer 33% of the DAO Treasury holdings to the Pythian Council (Ops Multisig) as it was tasked by the Pyth DAO to administer and execute the purchases of the PYTH token.

Therefore, the Pythian Council (Ops Multisig—GAdn7TZhszf5KTfwNRx3A2nP6KCRFEWucZubgdEqbJA2) wallet will receive the following:

  • 116,771 USDC
  • 7.058 SOL

Once the swaps are completed, the proceeds (PYTH tokens) will be sent back to the Pyth DAO Treasury (Gx4MBPb1vqZLJajZmsKLg8fGw9ErhoKsR8LeKcCKFyak).

Next Steps

  1. DAO members vote on the OP-PIP-91

If approved:

  • The Pythian Council Ops Wallet will receive 116,771 USDC and 7.058 SOL from the Pyth DAO Treasury
  • The Pythian Council will start the purchases as specified by OP-PIP-87 and approved by the DAO
  • The Pythian Council shall send back the recently acquired PYTH tokens to the Pyth DAO Treasury