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.
This proposal includes a minor operational optimization: all USDT and wSOL balances will be transferred in full (rather than 1/3) to clear dust positions, with a corresponding reduction in the USDC and SOL transfer amount.
Description
Following the distribution of revenues from Pyth Pro and LaaS for April 2026 by Douro Labs, (excluding PYTH) the Pyth DAO Treasury currently holds:
| Asset | Balance | USD Value |
|---|---|---|
| SOL | 687.85 | $60,531 |
| USDC | 260,175.37 | $260,175 |
| USDT | 10.66 | $11 |
| wSOL | 0.60 | $53 |
| Total (excl. PYTH) | $320,770 |
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 | Note |
|---|---|---|---|
| SOL | 229.19 | $20,169 | Adjusted |
| USDC | 86,690.79 | $86,691 | Adjusted |
| USDT | 10.66 | $11 | All |
| wSOL | 0.60 | $53 | All |
| Total | $106,923 |
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 | 229.19 |
| USDC | 86,690.79 |
| USDT | 10.66 |
| wSOL | 0.60 |
Next Steps
- DAO members vote on OP-PIP-115
If approved:
-
The Pythian Council Ops Wallet receives the specified amounts
-
The Pythian Council executes USDC/SOL/USDT/wSOL → PYTH swaps as specified by OP-PIP-87
-
Swapped PYTH tokens are sent back to the Pyth DAO Treasury
