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Pyth DAO · 277 topics · updated 28m ago

Governance

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

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  1. PASSEDProposalProposalsMar 2025

    OP-PIP-50: Implement Pyth Update Fees on 8 Blockchains

    Abstract This proposal aims to implement a fee per price feed update on the following blockchains: Aurora, Avalanche, Conflux, Cronos, Meter, Ronin, Sei, and Shimmer. The proposed fees are designed to align with the economic activities and transaction costs specific to each…

    2 replies370 views11 likes
  2. PASSEDProposalProposalsFeb 2025

    OP-PIP-51: Delegate PGAS to new validators

    Abstract This proposals aims to continue the work started in OP-PIP-20 and other OP-PIPs by delegating 100,000 PGAS to 1 new Pythnet validator. Rationale As part of an ongoing effort to improve and decentralize Pythnet, publishers are being asked to each connect directly to their…

    1 reply52 views1 like
  3. IdeaIdeas BankFeb 2025

    Pyth Community Council v2

    Abstract The Pyth Community Council represents a cornerstone initiative to empower and amplify the collective voice of the Pyth community. This proposal establishes a 7-member council with control over the Pyth community affairs, to run community initiatives & dedicate itself to…

    51 replies855 views276 likes
  4. PASSEDProposalProposalsFeb 2025

    OP-PIP-49: Upgrade the Pyth Contract on NEAR Mainnet

    Abstract This proposal seeks to enhance the Pyth oracle program on NEAR by enabling price updaters to fetch prices for multiple price feeds in the same call which reduces to cost for users. The contract upgrade was already performed and tested by end users on NEAR testnet…

    1 reply60 views3 likes
  5. IdeaIdeas BankFeb 2025

    Implement Fees on Pyth Core Across Networks

    Background In 2024, the Pyth DAO made a significant move by implementing oracle fees on opBNB at 0.000186 BNB ($0.13 at current prices). This initiative, spearheaded by KiloEx, marked the first instance of Pyth charging for oracle usage. Despite initial concerns about the cost,…

    22 replies871 views100 likes
  6. PASSEDProposalProposalsFeb 2025

    OP-PIP-48: Upgrade the Pyth Contract on NEAR testnet

    Abstract This proposal seeks to enhance the Pyth oracle program on NEAR by enabling price updaters to fetch prices for multiple price feeds in the same call which reduces to cost for users. Rationale Burrow Finance // Ref Finance are the predominant price updater on NEAR and do…

    1 reply76 views1 like
  7. Council updateCommunity CouncilFeb 2025

    About the Community Council

    Community Council is in charge of incentives, grants and growth programs from within the Pyth Community. The community council has the power to allocate $PYTH and support ecosystem projects, members and growth initiatives for the Pyth community. This category is for nominating…

    1 reply203 views11 likes
  8. IdeaIdeas BankFeb 2025

    PYTH buybacks in order to incentivize long-term growth

    With the constant growth of protocols using pyth price feeds, as result the revenue also increases. According to GPT this is the types of revenue streams pyth currently has: 1. Fees from Pyth Data Feeds (Pull Oracle Model) Pyth operates on a pull oracle model, where users (DeFi…

    5 replies299 views22 likes
  9. PASSEDProposalProposalsFeb 2025

    OP-PIP-47: Delegate PGAS to new validators

    Abstract This proposals aims to continue the work started in OP-PIP-20 and other OP-PIPs by delegating 100,000 PGAS to 2 new Pythnet validators. Rationale As part of an ongoing effort to improve and decentralize Pythnet, publishers are being asked to each connect directly to…

    1 reply65 views4 likes
  10. PASSEDProposalProposalsJan 2025

    OP-PIP-46: Upgrade Pyth Lazer Contract

    Abstract This proposal upgrades the Pyth Lazer Contract program on Mainnet to fix a minor issue PR. Implementation Plan proposal id: 8XfQfpMQa4H9pVxAnQwQFL7mHKfTGMWQ5RniWUV3JjMn Verify the implementation following the guide below. Make sure you have git and rust installed. git:…

    1 reply133 views3 likes
  11. PASSEDProposalProposalsJan 2025

    CO-PIP-5: Release Pyth Lazer on Solana Mainnet

    Abstract In response to the DeFi community’s demand for real-time data 1. to enable higher frequency trading and 2. to remove the risk of front-running that plages the user experience in DeFi, Douro Labs is proposing the release of a new system parallel to Pythnet that delivers…

    3 replies358 views19 likes
  12. PASSEDProposalProposalsJan 2025

    OP-PIP-45: Assign Douro as the trusted signer for Pyth Lazer

    Abstract Following the approval of the Pyth Lazer release by the Pyth DAO, this proposal assigns Douro as the trusted signer for Lazer. Description Pythian council is the top authority of the lazer contract. The contract currently doesn’t have any trusted signer.This proposal…

    1 reply89 views4 likes
  13. IdeaIdeas BankJan 2025

    Predictive Pricing Staking Vaults Simulation with Code

    GM Pythians, At Trebuchet, we are committed to advancing pricing consensus protocols through transparent and verifiable simulations that are accessible to all stakeholders within the Pyth network, including data publishers. In response to discussions surrounding the Community…

    4 replies238 views10 likes
  14. PASSEDProposalProposalsJan 2025

    OP-PIP-44: Upgrade Pyth Oracle to support more price feeds

    Abstract This proposal upgrades the Pyth oracle program on Pythnet to resize the mapping account to support 5000 feeds. Rationale Due to some implementation details the number of price feeds that the oracle can support is capped to 640 and this limit is already reached. This…

    1 reply77 views4 likes
  15. PASSEDProposalProposalsJan 2025

    OP-PIP-43: Delegate PGAS to new Pythnet validators

    Abstract This proposals aims to continue the work started in OP-PIP-20 and other OP-PIPs by delegating 100,000 PGAS to 6 new Pythnet validators. Rationale As part of an ongoing effort to improve and decentralize Pythnet, publishers are being asked to each connect directly to…

    1 reply62 views1 like
  16. PASSEDProposalProposalsDec 2024

    OP-PIP36: Discontinue the operations of 3 Pythnet validator nodes

    Abstract As a result of the expansion of the validator set on Pythnet, this PIP proposes to discontinue the operations of 3 validators nodes currently sponsored by the Pyth Data Association. Rationale With the growth of Data Publishers on Pythnet that each run their own set of…

    1 reply75 views
  17. PASSEDProposalProposalsDec 2024

    OP-PIP-38: Deploy Express Relay on Solana Mainnet

    Abstract Following the deployment of Pyth’s Express Relay on EVM (initially on Mode, CO-PIP-3), this proposal is to deploy the SVM version of the contracts on Solana mainnet to allow DeFi applications on Solana to use Express Relay. Rationale DeFi activity on Solana is increasing…

    3 replies145 views4 likes
  18. PASSEDProposalProposalsDec 2024

    OP-PIP-42: Delegate PGAS to a new Pythnet validator

    Abstract This proposals aims to continue the work started in OP-PIP-20 by delegating 100,000 PGAS to 1 new Pythnet validator. Rationale As part of an ongoing effort to improve and decentralize Pythnet, publishers are being asked to each connect directly to their own dedicated…

    1 reply102 views5 likes
  19. IdeaIdeas BankDec 2024

    Deploy Pyth on Fluent

    Deploy Pyth on Fluent Network (EVM) Abstract Fluent is the first blended execution network, an Ethereum L2 that blends Wasm, EVM and SVM apps into a unified execution environment. In the Fluent state machine, smart contracts from different languages (i.e. Solidity, SVM Rust,…

    8 replies313 views43 likes
  20. PASSEDProposalProposalsDec 2024

    OP-PIP37: Delegate PGAS to new Pythnet validators

    Abstract This proposals aims to continue the work started in OP-PIP-20 by delegating 100,000 PGAS to 5 new Pythnet validators. Rationale As part of an ongoing effort to improve and decentralize Pythnet, publishers are being asked to each connect directly to their own dedicated…

    1 reply70 views
  21. PASSEDProposalProposalsDec 2024

    OP-PIP-39: Upgrade Pyth Oracle on TON Testnet

    Abstract This proposal seeks to enhance the Pyth oracle program on TON testnet by introducing a target address and a custom payload parameter to the parse_price_feed_updates and parse_unique_price_feed_updates functions. These additions are necessary to accommodate TON’s…

    1 reply76 views4 likes
  22. PASSEDProposalProposalsDec 2024

    OP-PIP-41: Upgrade Pyth Oracle on TON Mainnet

    Abstract This proposal seeks to enhance the Pyth oracle program on TON mainnet by introducing a target address and a custom payload parameter to the parse_price_feed_updates and parse_unique_price_feed_updates functions. These additions are necessary to accommodate TON’s…

    1 reply79 views1 like
  23. PASSEDProposalProposalsDec 2024

    OP-PIP-40: Discontinue the operations of 1 Pythnet validator node

    Abstract With the growth of Data Publishers on Pythnet that each run their own set of validators, block production is sufficiently decentralized and no longer requires the sponsorship of the PDA for a subset of the validators Rationale With the growth of Data Publishers on…

    1 reply67 views2 likes
  24. PASSEDProposalProposalsDec 2024

    OP-PIP35: Approval of the second Price Feed Council

    Abstract This proposal is intended for the Pyth DAO to approve the newly elected Price Feed Council members post elections held during the latest epoch, between October 9th and 16th, 2024. Description On October 2nd, 2024, the Price Feed Council election process started for the…

    1 reply330 views3 likes
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