Abstract
Transfer one-third (1/3) of the current non-PYTH Pyth DAO Treasury balance 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-135: PYTH Token Phase 2 — Purchases #10 | Pyth Governance
Description
The Pyth DAO Treasury currently holds the following balances, excluding PYTH and unpriced/airdrop-like SPL tokens:
| Asset | Balance |
|---|---|
| SOL | 135.904500578 |
| USDC | 485,142.841802 |
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 | 45.301500192 |
| USDC | 161,714.28 |
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:
Gx4MBPb1vqZLJajZmsKLg8fGw9ErhoKsR8LeKcCKFyak— Pyth DAO Treasury - To:
GAdn7TZhszf5KTfwNRx3A2nP6KCRFEWucZubgdEqbJA2— Pythian Council Ops Multisig
| Transfer | Amount |
|---|---|
| SOL | 45.301500192 |
| USDC | 161,714.28 |
Next Steps
- DAO members vote on OP-PIP-135.
- 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-135: PYTH Token Phase 2 — Purchases #10 | Pyth Governance