[PASSED] OP-PIP-129: PYTH Token Phase 2 — Purchases #9

Proposals
1

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-129: PYTH Token Phase 2 — Purchases #9 | Pyth Governance

Description

The Pyth DAO Treasury currently holds the following balances, excluding PYTH:

| Asset | Balance       |
| ----- | ------------- |
| SOL   | 203.853446187 |
| USDC  | 77,104.26     |

This proposal aims to transfer one-third (33.33%) of the non-PYTH DAO Treasury balances to the Pythian Council Ops Multisig, which was tasked by the Pyth DAO to administer and execute PYTH purchases under OP-PIP-87.

Therefore, the Pythian Council Ops Multisig will receive:

| Asset | Amount       |
| ----- | ------------ |
| SOL   | 67.951148729 |
| USDC  | 25,701.42    |

Compared with previous purchases, the amount of SOL and USDC allocated in this round is lower. This is primarily because Douro Labs is now distributing most Pyth Pro revenues in PYTH rather than USDC.

However, purchases are expected to become larger starting next month. OP-PIP-128 and the beginning of fee repatriation to the DAO Treasury on Solana should increase the funds flowing back to the DAO Treasury, supporting larger future purchases.

Once the swaps are completed, the purchased 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      | 67.951148729 |
| USDC     | 25,701.42    |

Next Steps

  1. DAO members vote on OP-PIP-129.

If approved:

  • The Pythian Council Ops Wallet receives the specified amounts.
  • The Pythian Council executes the USDC/SOL → PYTH swaps as specified by OP-PIP-87.
  • The purchased PYTH tokens are sent back to the Pyth DAO Treasury.

PROPOSAL: OP-PIP-129: PYTH Token Phase 2 — Purchases #9 | Pyth Governance

August 2026 — PYTH Purchases Report