Pyth DAO · 277 topics · updated 6m ago

Governance

Proposals, ideas, and council activity from the Pyth DAO, indexed from forum.pyth.network.

All Proposals Ideas Council Discussions Announcements Reports

IdeaIdeas BankAug 2024
Pyth Community Council
Abstract I propose the creation of a Community Council within the Pyth DAO to oversee community initiatives and foster engagement. This initiative aims to cultivate a positive and dynamic community atmosphere, enhance brand awareness, and support the growth and development of the…
73 replies1,191 views94 likes
PASSEDProposalProposalsAug 2024
OP-PIP-19: Accept Pyth Eclipse Receiver Governance Authority on Eclipse Mainnet
Abstract Accept Pyth Eclipse receiver governance authority to manage the contract. Rationale The Pythian council need to accept the governance authority from the current owner of the Pyth Eclipse receiver contract to manage the contract. This is a requirement for official…
1 reply46 views1 like
PASSEDProposalProposalsAug 2024
OP-PIP-18: Pyth oracle upgrade - Pythnet
Abstract This proposal upgrades the Pyth oracle program on Pythnet to facilitate the transition of aggregation from the oracle program to the validator. Rationale Pythnet processes more than 3000 price updates per second and is expected to grow further. To ensure the network can…
1 reply103 views2 likes
PASSEDProposalProposalsJul 2024
OP-PIP 17: Withdraw from the PGAS treasury to cover Pythnet operational expenditures
Abtract This proposal is meant to send PGAS from the DAO treasury to the Price Feed Council operational wallet to cover ongoing operational expenses of PGAS within Pythnet. Rationale PGAS is the native currency of Pythnet. PGAS has no market value. The PGAS treasury is managed by…
1 reply78 views
PASSEDProposalProposalsJul 2024
OP-PIP-16: Asymmetric Research as the Relayer for Pyth Express Relay (PER)
Abstract This proposal seeks to appoint Asymmetric Research (“AR”) as a relayer for the Pyth Express Relay (PER) ecosystem. AR has demonstrated exceptional capability and reliability during the testnet phase, making it an ideal candidate to ensure the stability and performance of…
4 replies213 views8 likes
CLOSEDIdeaIdeas BankJul 2024
Express Relay Prototype
TL;DR Building on its experience developing oracle protocols that provide low-latency data to blockchains, Douro Labs has been experimenting with a prototype solution for cost-effective liquidations and value-additive means to discover such liquidations The intuition behind the…
40 replies2,090 views204 likes
PASSEDProposalProposalsJul 2024
CO-PIP 3: Release Express Relay on Mainnet
Abstract On the back of the positive feedback received from the community on the prototype deployed on testnet (here) and the completion of the security audit, this proposal is to implement the first instance of the Express Relay in production. To vote on this proposal, please…
3 replies1,163 views9 likes
IdeaIdeas BankJul 2024
Create pyth.sol subdomains
Gm Pythians! Abstract The Solana Name Service (SNS) team has been working on a new smart contract to administer and issue subdomains to allow .sol owners to create User-based Identity Systems (UIS). We would like to work with Pyth’s community to be the first to use this UIS. The…
122 replies2,478 views1,067 likes
IdeaIdeas BankJun 2024
[CLOSED]Deploy Pyth’s pull oracle to opBNB
Abstract KiloEx, a decentralized exchange (DEX) on opBNB, is experiencing significant growth in its user base and trading volume. To ensure continued high-quality execution and security for its users, KiloEx requires access to reliable and trustworthy price data. Integrating Pyth…
46 replies1,601 views332 likes
IdeaIdeas BankJun 2024
Addressing the risk of inaccurate Pyth data to increase the security of DeFi
Abstract: The need for additional economic levers to protect DeFi against oracle integrity issues and better share common risks Oracle integrity is paramount to the health of DeFi Current consensus-based integrity can fail in extreme scenarios. DeFi protocols and their users…
19 replies1,234 views114 likes
PASSEDProposalProposalsJun 2024
OP-PIP-15: Implement Pyth Update Fee on opBNB
Abstract Following the interest expressed by KiloEx and the positive response from the community to have the Pyth oracle deployed on opBNB, this proposal is to implement a fee per price feed update of 0.000186 BNB (or about $0.09 at 27/05/24 price) in the Pyth smart contract.…
5 replies410 views14 likes
PASSEDProposalProposalsJun 2024
OP-PIP-14: Upgrade Entropy Contracts (Mainnet)
Abstract: Upgrade the current Pyth oracle contract on all mainnets (except Blast) to add a fee manager role that simplifies operations for randomness providers by letting their keeper wallet withdraw accrued fees. This proposal is the mainnet version of PIP 12 [PASSED] OP-PIP-12:…
3 replies134 views12 likes
PASSEDProposalProposalsJun 2024
OP-PIP-13 - Upgrade Blast Entropy Contract (Mainnet)
Abstract: Upgrade the current Pyth oracle contract on Blast Mainnet to: Add a fee manager role that simplifies operations for randomness providers by letting their keeper wallet withdraw accrued fees Collect a share of the gas fees spent when interacting with Entropy This PIP is…
7 replies192 views21 likes
CLOSEDIdeaIdeas BankJun 2024
Poll: Selecting Domain Provider
Earlier this month, Bonfida and AllDomains approached the Pyth DAO community with their own ideas launching for .pyth domains. Bonfida’s idea: Create pyth.sol subdomains AllDomains idea: Enable .pyth TLD and domain name registrations Both ideas have received a significant amount…
177 replies3,753 views2,486 likes
PASSEDProposalProposalsJun 2024
OP-PIP-11: Upgrade Blast Entropy Contract (Testnet)
Abstract: Upgrade the current Pyth oracle contract on Blast Testnet to: Add a fee manager role that simplifies operations for randomness providers by letting their keeper wallet withdraw accrued fees Collect a share of the gas fees spent when interacting with Entropy Rationale:…
2 replies259 views17 likes
PASSEDProposalProposalsJun 2024
OP-PIP-12: Upgrade Entropy Contracts (Testnet)
Abstract: Upgrade the current Pyth oracle contract on all testnets (except Blast) to add a fee manager role that simplifies operations for randomness providers by letting their keeper wallet withdraw accrued fees. Rationale: Running an Entropy keeper should be easy. At the…
4 replies241 views13 likes
PASSEDProposalProposalsJun 2024
OP-PIP-10: Optimize Pyth oracle program
Abstract This proposal upgrades the Pyth oracle program on Pythnet to optimize its performance. Rationale Pythnet processes more than 3000 price updates per second and is expected to grow further. To ensure the network can handle this load, the Pyth oracle program requires…
7 replies635 views52 likes
ProposalProposalsMay 2024
READ FIRST: About Pyth Improvement Proposals (PIPs)
Pyth Improvement Proposals PIPs are the primary methods to introduce, discuss and implement changes to the Pyth DAO Constitution, governance and operations. PIP Types Each PIP must be labeled as Constitutional PIPs or Operational PIPs as described in more detail below:…
4 replies986 views68 likes
Council updatePythian CouncilMay 2024
About the Pythian Council
The Pythian Council is in charge of approving oracle program updates or changes to the data request fees. As defined in the adopted Pyth DAO Constitution, the Pythian Council is made of 8 members who are signers of the Pythian Multisig Wallet. The Pythian Multisig Wallet has…
2 replies333 views19 likes
PASSEDProposalProposalsMay 2024
OP-PIP-9: Add Asymmetric Research as a Pythnet validator
Abstract This proposal seeks the delegation of a Pythnet stake account to Asymmetric Research to enable their participation as a Pythnet validator. Rationale Validator diversity is crucial for network resilience and security. Asymmetric Research, having substantial experience in…
1 reply249 views16 likes
PASSEDProposalProposalsMay 2024
OP-PIP-8: Upgrade Entropy contracts on all the mainnet chains
Abstract Upgrade the Entropy contracts to allow users to register a callback when requesting random numbers. This callback is invoked once the request is fulfilled. Rationale The upgrade enhances the developer experience by reducing the interaction to a single transaction.…
1 reply206 views12 likes
PASSEDProposalProposalsMay 2024
OP-PIP-7: Improve Pyth Solana Receiver compute cost
Abstract Upgrade the Pyth Solana Receiver on Solana to reduce compute cost on posting price updates. Rationale Posting price update uses a lot of compute units because it uses an expensive hash function. Description This upgrade will employ Solana SDK’s hashv function which uses…
1 reply248 views12 likes
PASSEDProposalProposalsMay 2024
OP-PIP-6: Upgrade Entropy contracts on all the testnet chains
Abstract Upgrade the Entropy contracts to allow users to register a callback when requesting random numbers. This callback is invoked once the request is fulfilled. Rationale The upgrade enhances the developer experience by reducing the interaction to a single transaction.…
1 reply201 views12 likes
PASSEDProposalProposalsMay 2024
OP-PIP-5: Improve usability of Pyth Solana Receiver
Abstract Upgrade the Pyth Solana Receiver on Solana to support new features. Rationale We want the Pyth Solana Receiver to support these new features to improve its usability. Moreover, these features will enable the option to build a push oracle on top of the Pyth Solana…
1 reply235 views12 likes

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Pyth Community Council

OP-PIP-19: Accept Pyth Eclipse Receiver Governance Authority on Eclipse Mainnet

OP-PIP-18: Pyth oracle upgrade - Pythnet

OP-PIP 17: Withdraw from the PGAS treasury to cover Pythnet operational expenditures

OP-PIP-16: Asymmetric Research as the Relayer for Pyth Express Relay (PER)

Express Relay Prototype

CO-PIP 3: Release Express Relay on Mainnet

Create pyth.sol subdomains

[CLOSED]Deploy Pyth’s pull oracle to opBNB

Addressing the risk of inaccurate Pyth data to increase the security of DeFi

OP-PIP-15: Implement Pyth Update Fee on opBNB

OP-PIP-14: Upgrade Entropy Contracts (Mainnet)

OP-PIP-13 - Upgrade Blast Entropy Contract (Mainnet)

Poll: Selecting Domain Provider

OP-PIP-11: Upgrade Blast Entropy Contract (Testnet)

OP-PIP-12: Upgrade Entropy Contracts (Testnet)

OP-PIP-10: Optimize Pyth oracle program

READ FIRST: About Pyth Improvement Proposals (PIPs)

About the Pythian Council

OP-PIP-9: Add Asymmetric Research as a Pythnet validator

OP-PIP-8: Upgrade Entropy contracts on all the mainnet chains

OP-PIP-7: Improve Pyth Solana Receiver compute cost

OP-PIP-6: Upgrade Entropy contracts on all the testnet chains

OP-PIP-5: Improve usability of Pyth Solana Receiver