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-117: PYTH Token Phase 2 — Purchases #7 | Pyth Governance
Description
Following the distribution of revenues from Pyth Pro and LaaS for May 2026 by Douro Labs, (excluding PYTH) the Pyth DAO Treasury currently holds:
| Asset | Balance | USD Value |
| ------------------ | ---------- | --------- |
| SOL | 458.66 | $36,249 |
| USDC | 173,484.58 | $173,485 |
| Total (excl. PYTH) | | $209,734 |
SOL/USD rate: $79.03
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 | 152.89 | $12,083 |
| USDC | 57,828.19 | $57,828 |
| Total | | $69,911 |
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 | 152.89 |
| USDC | 57,828.19 |
Next Steps
- DAO members vote on OP-PIP-117
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