Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Pyth launches "PIP-1: Adopt Pyth DAO Constitution" proposal vote

Pyth launches "PIP-1: Adopt Pyth DAO Constitution" proposal vote

CointimeCointime2024/02/07 05:26
By:Cointime

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.

1

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Ripple announces tokenized money market fund launching on XRP Ledger

Ripple said a tokenized money market fund has launched on the XRP Ledger.The launch was made possible through a partnership with Archax, an FCA-regulated digital asset exchange.

The Block2024/11/25 21:23

The Daily: MicroStrategy buys record $5.4 billion in bitcoin, Sky Mavis cuts 21% of its workforce and more

Business intelligence firm and corporate bitcoin holder MicroStrategy purchased another 55,500 BTC for $5.4 billion between Nov. 18 and Nov. 24, according to an 8-K filing with the SEC on Monday.Axie Infinity crypto game developer Sky Mavis is laying off 21% of its workforce, affecting about 50 of its 250 global team, amid a “shift in priorities,” according to CEO and co-founder Trung Nguyen.Solana’s decentralized exchanges surpassed $100 billion in monthly trading volume for the first time, generating a r

The Block2024/11/25 21:23

Justin Sun's Tron buys $30 million of Trump-backed World Liberty Financial tokens

Tron founder Justin Sun said his firm has bought $30 million worth of World Liberty Financial tokens, the crypto project supported by newly-elected U.S. President Donald Trump.Sun said the purchase made Tron the largest investor in World Liberty Financial.

The Block2024/11/25 21:23