Pyth launches "PIP-1: Adopt Pyth DAO Constitution" proposal vote
According to the official announcement on February 7th, Pyth Network initiated the "PIP-1: Pyth DAO Constitution Approval" proposal vote. It is reported that the proposal aims to:
· Establish rules and procedures for PIP submission and voting
· Propose the establishment of two committees: the Pythian Committee and the Price Feed Committee, which are responsible for voting and implementing certain operational PIPs defined in the proposed charter, respectively
· List a series of values and principles of the Pyth DAO community, with ownership, governance, and inclusiveness at the center, to achieve the long-term interests of the Pyth DAO
After the proposal is successfully approved, the governance, operation, and process of Pyth DAO will have a clear framework and be able to submit subsequent Pyth improvement proposals ("PIP"). The voting opened at 2:00 AM Beijing time today and the window will be open for 7 days. As of the time of publication, the proposal has received 222,069,021 affirmative votes, accounting for 99.5% of the current total voting volume.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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