[PASSED] OP-PIP-85: 4th Price Feed Council Election

Proposals
1

Abstract

This proposal aims to:

  1. Approve the 5 nominees for the 4th Price Feed Council

  2. Distribute the stipend to the 3rd Price Feed Council members that have met the threshold

  3. Continue the previously approved stipend of 315,000 PYTH to be shared among Price Feed Council Members

Description

  1. Approve the 4th Price Feed Council

As explained in the Guide to Election, 5 seats were available for new council members to join the Price Feed Council. The 2 extra seats available are due to the fact that some automatically re-elected members actually failed to meet voting threshold and therefore are subject to removal.

Over 3 weeks, there has been only 5 nominations for the Price Feed Council. Therefore, the election could overall be avoided and go straight for DAO approval via a token vote.

The 2 remaining candidates are:

  • Nicolas Genechesi — XBTO

  • Mario Bernardi — Pyth Data Association

The 5 exiting council members are:

  • Anton Totomanov — Objective Labs

  • John Gu — Caladan

  • Harnaik Kalirai — Douro Labs

  • Nicholas Diakomihalis — Douro Labs

  • Lawrence Samantha — NOBI

The 5 nominees that will replace the exiting council members are:

  • Anas Khader — Flash Trade

  • Nicholas Diakomihalis — Douro Labs

  • Harnaik Kalirai — Douro Labs

  • Ricardo Reyes — Pyth Network Chiron

  • Matt Gov — Ethereal

  1. Distribute the Price Feed Council Member stipend

As initially requested here, and approved during the last Price Feed Council Election here, 45,000 PYTH must be distributed to each council member that met the activity threshold.

You can find the table recapping all the Price Feed proposals here.

Only 4/7 of the council members surpassed the 1/3 activity threshold and so will each receive 45,000 PYTH tokens from the DAO wallet.

Are eligible to the stipend:

  • Nicholas Diakomihalis — Douro Labs

  • Nicolas Genechesi — XBTO

  • Harnaik Kalirai — Douro Labs

  • Mario Bernardi — Pyth Data Association

The PYTH tokens will be sent to the wallets used for their council activities.

  1. Approve the stipend continuation to the Price Feed Council members

If approved by the onchain vote, the stipend will be paid out when the 5th Price Feed Council gets introduced in 6 months.

Implementation Plan

Verify the instructions of the onchain DAO proposal to ensure that the below actions are performed:

  1. Remove the wallets of the 3 council members that are off-boarded (not re-elected and not nominated for 4th council)

→ GQFhjSDRPb5uqErdXHE6qNEtfJNWQzufVCkWUJ7pBY8e (Anton)

→ D3iheBiy1EC3zde86bhU5X1Wmqj6XhJqnRAQ7W2emPr (John)

→ 8v4z4pyhQ1NXZRJ3LJbkLtQirmZdxTtfqkb3vzNDLztg (Lawrence)

  1. Add the wallets of the 3 new council members that have nominated themselves for the next council:

→ 9NXhjBeYjkp4UkTR9xhkr2nHMKwSgxMQZSNZ3syqEuWt (Anas)

→ FESkN1iKPbREJRevxSJkDBpFz8Vga9yTiui9AhszE7KW (Matt)

→ AfjnbqCh6FctFdZ7v235ALnDQ5qC1BPxVFe6NgFb9Tbw (Ricardo)

  1. Distribute 45,000 PYTH to each of the 4 council members entitled to the stipend:

→ HTq8PB7piUrHuUC9xMSEphFRL2BAeyBLxWirxzKqzo6g (Nicholas)

→ 4bvLh1EoJcoN1eCm1JF2p4fjisWrHARdCcDHxrV7VWFG (Nicolas)

→ Eh32UTCozwrmyhjEazGMuuWG1e2bXG2kNYmhzHRNp5Sa (Harnaik)

→ 23wnKNMEaKxvPmzWkX71SxdGtnh8Rhq1nCv1EtCYu9Hj (Mario)

The account/vault of the multisig config is 92hQkq8kBgCUcF9yWN8URZB9RTmA4mZpDGtbiAWA74Z8

Onchain Proposal: OP-PIP-85: 4th Price Feed Council | Pyth Governance

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The above proposal (the 4th Price Feed Council Election) has successfully passed.

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