"PIP-1: Proposal to pass the Pyth DAO Constitution" has been approved by vote

2024-02-13 21:34:58

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ChainCatcher news, the Pyth Network community has voted on-chain (approximately 627 million votes in favor, 870,000 votes against) to approve the proposal for the Pyth DAO Constitution. With the proposal's passage, the governance, operations, and processes of the Pyth DAO now have a clearer framework. The Pyth DAO Constitution outlines how various participants in the Pyth Network interact to achieve community-led decision-making, with a key component being the on-chain voting of Pyth DAO members. Community members of the Pyth Network holding PYTH tokens will become members of the Pyth DAO, staking to gain on-chain voting rights.

Previously, on February 7, the Pyth Network initiated the "PIP-1: Approve the Pyth DAO Constitution" proposal vote.

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Pyth Network Pyth DAO

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