The Pyth DAO Constitution is the foundational governance document of the Pyth Network. It defines the three councils (Pythian, Price Feed, Community), the powers and limits of each, the proposal system (PIP, OP-PIP, EXC-PIP), election cadences, voting thresholds, and the process for amending the Constitution itself. Every other governance decision in Pyth ultimately traces back to a clause in this document.
What's in it
- Council mandates — what each of the three councils is permitted to decide on its own
- Proposal types — what counts as routine (OP-PIP), what counts as standard (PIP), and what requires a DAO-wide stake-weighted vote (EXC-PIP)
- Election rules — how council members are elected, term lengths, replacement procedures
- Voting thresholds — quorum requirements, supermajority requirements for specific decisions
- Constitutional amendments — the process for changing the Constitution itself
Why it matters
Most questions of 'can a council do this?' or 'is this proposal in scope?' come back to the Constitution. When governance debates get contentious, the Constitution is the tie-breaking reference. It's also the source readers should consult for current values like council sizes and multisig thresholds, since those can change via Constitutional amendment.
Where to read it
The Constitution lives in the pyth-network/governance GitHub repo at the path docs/constitution/pyth-dao-constitution.md. That's the canonical version — any other copy is potentially stale.