[PASSED] OP-PIP-114: Community Council Term 1 Cycle 2 Stipend Disbursement

Proposals
1

Abstract

This Operational PIP authorizes the disbursement of 420,000 PYTH from the DAO treasury to the 7 Community Council members for their Term 1 Cycle 2 service (October 2025 – March 2026).

Per the Term 1 Exit Report, this stipend was committed but never disbursed by the DAO treasury.

Rationale

The Community Council budget includes a stipend component to compensate members for their governance work. The stipend structure was established in the original Community Council Budget Proposal:

  • Term 1 Cycle 1 (Apr–Sep 2025): 420,000 PYTH :white_check_mark:

  • Term 1 Cycle 2 (Oct 2025–Mar 2026): 420,000 PYTH :cross_mark:

This proposal closes out the Term 1 compensation by disbursing the outstanding Cycle 2 stipend.

Stipend Distribution

Member Wallet Amount
Derrp 6APppYBTAGCcPtoMcWmobug8KNWHQmBmw6rR24AqJEgU 60,000 PYTH
Noname Trader Bx8qixu6fsHK8avmLF9T3VJivTbSVvL2fjbeUfnu6tjd 60,000 PYTH
Planck HGPPTTc7MjYosWzVWpkFJjcK7USksCrhpD8qdytLeMs2 60,000 PYTH
Arguer D5XwCsFEzMgBxnAT8fznU55x64jcRXczvPh5RSag6QPU 60,000 PYTH
Bats4 ANDczJKcEmtZ8g26JnsNTFwpJiG13cNrjg1VDqdEQ1cK 60,000 PYTH
Chop 8kJ1CxAHjzwvW9NQqXpQ6S3vDRmrDWe57WipGN3d89Dj 60,000 PYTH
Lowkeigh 9h9j9GUDZPEMgdcSwhPpwgXYVbusVnw9jCoo3cLNovBL 60,000 PYTH
Total 420,000 PYTH

Implementation

The on-chain proposal will execute 7 token transfers from the DAO treasury to individual council member wallets:

  • From: Gx4MBPb1vqZLJajZmsKLg8fGw9ErhoKsR8LeKcCKFyak (Pyth DAO Treasury)

  • Token: PYTH (HZ1JovNiVvGrGNiiYvEozEVgZ58xaU3RKwX8eACQBCt3)

  • Amount per member: 60,000 PYTH

  • Total: 420,000 PYTH

Note on Term 2 Stipends

Starting with Term 2, council stipends are budgeted within the Community Council Term 2 Budget (840,000 PYTH for 12 months). The Term 2 budget was approved via OP-PIP-101 and funded to the council multisig. Future stipend payments will follow the governance process established for Term 2.

This proposal only covers the outstanding Term 1 Cycle 2 stipend that predates the Term 2 budget structure.

References

On-chain Proposal: OP-PIP-114

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