Abstract
This proposal implements two actions:
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Council membership update: Replace bats4 with SCP, following the Community Council Election #2 results
-
Term 2 budget approval: Transfer 4,000,000 PYTH (first 6-month cycle) to the Community Council from the Pyth DAO Treasury
Background
Per the Term 1 Exit Report, bats4’s seat was up for election. SCP won the community vote and will join the Council for Term 2.
The Term 2 Budget Request outlines an 8,000,000 PYTH budget over 12 months. This proposal funds the first 6-month cycle (4,000,000 PYTH).
Description
- Council Membership Change
| Action | Member | Wallet |
|---|---|---|
| Remove | bats4 | ANDczJKcEmtZ8g26JnsNTFwpJiG13cNrjg1VDqdEQ1cK |
| Add | SCP | 3YTuW6tC1fWKVVxtubQjC2DZVv8GGNLni4Ko8UdiQiEo |
The Community Council vault is DXf94qPHKbpx3KJ275ns4kBndaHTf4BMtC8GDUvBXM7j.
- Budget Transfer
Transfer 4,000,000 PYTH from the DAO treasury to the Community Council multisig:
-
From: 9HKkxg5dpqjUEW1U2r76SpQCH7uvDMciytNYxrpwMVNc
-
To: GKuPcXtNRJwZGrJ8tV25jSbLHZe71BUdUXVzjGLXkSt9
-
Amount: 4,000,000 PYTH
Implementation
The on-chain proposal will:
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Update the Council smart wallet signers (remove bats4, add SCP)
-
Transfer 4,000,000 PYTH from 9HKkxg5dpqjUEW1U2r76SpQCH7uvDMciytNYxrpwMVNc (Pyth DAO Treasury) to GKuPcXtNRJwZGrJ8tV25jSbLHZe71BUdUXVzjGLXkSt9 (Community Council multisig)
Council members must adhere to the Code of Conduct
Onchain DAO vote: https://v2.realms.today/dao/PYTH/proposal/7erYsumMYV7EZcQ9o9ebhhQnxtvYtYzBth2GrgSbK8Wa
References
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Election Results (Realms)