Abstract
This proposal aims to approve the recent election of 7 councilors for the newly-created Community Council as well as allocating 1,420,000 PYTH from the DAO treasury to the Community Council wallet to perform all the activities outlined in this post for 6 months.
Description
- Approve the Community Council
On March, 4, 2025, the Pyth DAO has approved the creation of the Community Council as the 3rd council within the Pyth DAO — onchain vote.
From March, 11, 2025 to March, 18, 2025 the elections of the inaugural members of the Community Council was concluded according to the Pyth DAO Constitution.
The 7 candidates with the most votes are the following:
- Derrp — 22.3M votes
- Noname Trader — 18.9M votes
- Plank — 18.3M votes
- Arguer — 18.2M votes
- Bats — 12.1M votes
- Chop — 12.0M votes
- Lowkeigh — 11.3M votes
- Update to the Community Council’s Code of Conduct
This proposal also suggests the update of the code of conduct to remove sections related to the operational goals of the council that were more appropriate to reflect in the constitution. All other terms remain the same.
https://ipfs.io/ipfs/bafkreic5zi6bultebtn45h6i7joeympc4k5rt437ele54krcuf7s4cpv4i
- Approve the Community Council’s Budget
In response to the request raised here, This proposal also suggests to transfer 1,420,000 PYTH from the DAO treasury wallet available here: 9HKkxg5dpqjUEW1U2r76SpQCH7uvDMciytNYxrpwMVNc, to the Community Council wallet: GKuPcXtNRJwZGrJ8tV25jSbLHZe71BUdUXVzjGLXkSt9.
It is important to remind you that the newly-elected Community Council members must adhere to all elements of the Code of Conduct for the Community Council available at: https://ipfs.io/ipfs/bafkreic5zi6bultebtn45h6i7joeympc4k5rt437ele54krcuf7s4cpv4i
Implementation Plan
Verify the instructions of the onchain DAO proposal to ensure that the below actions are performed:
- Keep (1) the existing operations wallet from the Community Council smart wallet
→ Ef7AjJzDXK6Tn2gYuMvL9YdXATV29b8PwpsT1yoPokTC
- Add the wallet of each (7) elected members
→ 6APppYBTAGCcPtoMcWmobug8KNWHQmBmw6rR24AqJEgU
→ Bx8qixu6fsHK8avmLF9T3VJivTbSVvL2fjbeUfnu6tjd
→ HGPPTTc7MjYosWzVWpkFJjcK7USksCrhpD8qdytLeMs2
→ D5XwCsFEzMgBxnAT8fznU55x64jcRXczvPh5RSag6QPU
→ ANDczJKcEmtZ8g26JnsNTFwpJiG13cNrjg1VDqdEQ1cK
→ 8kJ1CxAHjzwvW9NQqXpQ6S3vDRmrDWe57WipGN3d89Dj
→ 9h9j9GUDZPEMgdcSwhPpwgXYVbusVnw9jCoo3cLNovBL
- Modify the wallet threshold to 6-8 according to the Constitution
- Transfer 1,420,000 PYTH from
9HKkxg5dpqjUEW1U2r76SpQCH7uvDMciytNYxrpwMVNctoGKuPcXtNRJwZGrJ8tV25jSbLHZe71BUdUXVzjGLXkSt9
Onchain proposal: Realms