Abstract
This proposal aims to approve the recent election of 4 councilors for the 3rd Pythian Council as well as approving the stipend of 100,000 PYTH for the Pythian Council members.
Description
- Approve the newly elected Pythian Council members
From April, 1, 2025 to April, 8, 2025 the elections for the replacement of 4 members of the Pythian Council was concluded according to the Pyth DAO Constitution.
The 4 candidates with the most votes are the following:
- Yaser, Douro Labs — 51.8M votes
- Marc, Pyth Data Association — 7.8M votes
- George M, XBTO — 7.6M votes
- Lee Mount, Euler Labs — 5.8M votes
They will replace:
- Guillermo Bescos, Douro Labs
- Afif Bandak, Synthetix
- Robinson Burkey, Wormhole
- Marc Tillement, Pyth Data Association (re-elected)
And join the below council members:
- Nope — Save, Suilend
- Jayant Krishnamurthy — Douro Labs
- Ivo Galic — Trebuchet Network
- Y2Kappa — Kamino
- Approve the stipend request to the Pythian Council members
Following the request here, the Pythian Council would receive — assuming all conditions are met — 100,000 PYTH tokens or a 6-months tenure stipend of 12,500 PYTH per council member.
If approved by the onchain vote, the stipend will be paid out when the 4th Pythian Council gets introduced in 6 months.
Implementation Plan
Verify the instructions of the onchain DAO proposal to ensure that the below actions are performed:
- Remove the wallets of the 3 council members that are offboard
→ 8TdeB3rUECTGg7hSH6TDS7qVAcC1QMiE5zRazTAuxLZF
→ E5KR7yfb9UyVB6ZhmhQki1rM1eBcxHvyGKFZakAC5uc
→ 9uDaJ8nG4yhxdhLnaNqARa1d3DjaCT2X7L7LtDR2NQUH
- Add the wallets of the 3 new council members onboarded
→ 4NPkYMw1v6CNX7C3HjyuMvJeWSxYHy15yvYH1xSSBnxv
→ 5uE5uaHMvQwwx4eBzqVK6bshMgRhCbv48qmdxyHhYMyU
→ HxDfn7zEfUMoGFgoMNihr5y5cVMaY8z4FVzz6e4QiAaS
The account/vault of the multisig config is: FVQyHcooAtThJ83XFrNnv74BcinbRH3bRmfFamAHBfuj
Please note that no PYTH token transfer are needed as this stage.
Onchain Proposal: Realms