The Pythian Council is one of three councils elected by Pyth token holders. Its mandate is the technical heart of the protocol: which entities are admitted as publishers, what parameters govern aggregation and slashing, how OIS rewards are calibrated, how the on-chain feed contract is upgraded. It's the council whose decisions most directly affect whether the network keeps working — and whether it remains honest.
Composition
An elected slate of council members executes decisions through an on-chain multisig. Members serve fixed terms and the slate rotates through DAO elections. The Constitution is the canonical source for current council size, multisig threshold, and election cadence — check it before quoting specific numbers.
What it decides
- Publisher admissions and removals
- Aggregation parameters
- OIS slashing thresholds and reward rates
- Protocol contract upgrades within its scope
The Constitution lists the council's full set of powers and the limits on those powers. Anything outside that scope — for example a change to the Constitution itself, or to the council's mandate — must be raised as an EXC-PIP and go to a DAO-wide stake-weighted vote.
Where to follow it
Pythscan's /councils/pythian page has the current member roster and active cycle. Proposals the council is actively considering live in the Pythian Council section on the forum, mirrored under /governance with filters.