Summary
This proposal initiates a test withdrawal of accumulated fees from the Express Relay contract on Solana, utilizing the SPL token withdrawal instruction enabled by OP-PIP-106.
Proposal Link: https://proposals.pyth.network/?tab=proposals&proposal=EW3CrZoYJKSSuu72JkSii1o7ZWs2jaRfDGtSeF6U1rDy
Background
Following the passage of OP-PIP-106, the Pyth Express Relay Program on Solana now supports withdrawing accumulated SPL tokens. This proposal serves as a validation test of that functionality before proceeding with larger withdrawals.
Proposal Details and Verification
Action: Withdraw 8.66 USDT from Express Relay contract
Source: Express Relay Contract
Amount: 8.66 USDT
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Open the proposal on Realms (https://proposals.pyth.network/?tab=proposals&proposal=EW3CrZoYJKSSuu72JkSii1o7ZWs2jaRfDGtSeF6U1rDy)
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Inspect the transaction details
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Confirm that feeReceiverAdminTa is the USDT token account of the Pyth DAO treasury:
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DAO Address: Gx4MBPb1vqZLJajZmsKLg8fGw9ErhoKsR8LeKcCKFyak
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The token account should be the Associated Token Account (ATA) for USDT belonging to this address
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You can verify the ATA relationship on Solscan by checking the token accounts tab.
Next Steps
Upon successful execution of this test withdrawal:
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The Pythian Council will verify the transaction completed as expected
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Subsequent proposals will be submitted to withdraw the remaining accumulated fees
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Withdrawn funds will be handled according to existing DAO treasury procedures