Kendhikulhudhoo Council

Official Twitter Account of the Secretariat of Kendhikulhudhoo Council, MV📞6560013 📧 [email protected] #themangroveisland

[Pyth Network 🔮 @PythNetwork]

Pythmet Pythians are unstoppable

[Pyth Network 🔮 @PythNetwork]

Listen in as @mdomcahill, CEO of @DouroLabs, discusses the oracle problem, RWAs and Pythnet 🔮

[Pyth Network 🔮 @PythNetwork]

On February 16, 2024, Degen Base announced their airdrop campaign involving the PYTH Governance Token stakers.

Please refer to @degenbasetrade's official announcement and social channels for more information.

https://t.co/PqIU1LF4Ee

[Pyth Network 🔮 @PythNetwork]

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Paradex is #PoweredbyPyth 🔮

https://t.co/6MTB0IqVZZ

[Leif Soreide @LeifSoreide]

You get this many breakouts per @marketsmith when the stocks are setting up nicely... that's it's own signal.

[Pyth Network 🔮 @PythNetwork]

The Pyth Network is excited to release its ZKF/USD price feed

$ZKF is the native gas token of the @ZKFCommunity, the first ZK-L2 based on Polygon CDK and Celestia DA, powered by Lumoz, a ZK-RaaS provider

The Pyth ZKF/USD price feed is available on more than 50 blockchains, including ZKFair

[Pyth Network 🔮 @PythNetwork]

Don’t fade staking

Pythian Council elections start on February 22nd 🔮

[Pyth Network 🔮 @PythNetwork]

Today, the Pyth Network community has voted on-chain to approve the Pyth DAO Constitution.

This Constitution describes the decision-making framework for the Pyth DAO and the governing framework for the holders of $PYTH.

Learn more below:
What is the Pyth DAO Constitution?

The Pyth DAO Constitution describes the social contract between DAO members by defining the decision-making framework for the Pyth DAO and the governing framework for holders of the PYTH Token.

In other words, the constitution lays out how the various Pyth Network participants may interact for the purposes of community-led decision-making.

A critical component of this decision-making is on-chain voting by Pyth DAO members; Pyth Network community members who stake PYTH Tokens will become members of the Pyth DAO and gain on-chain voting power from their stake.

Pyth Governance is a protocol mechanism for determining high-level parameters of the other protocol mechanisms. Pyth Governance is expected to be responsible for helping determine the following:

- The size of (oracle) update fees.
- The reward distribution mechanism for data providers.
- Approving other software updates to on-chain programs across blockchains.
- How products (data feeds) are listed on Pyth and their reference data.
- How data providers will be permissioned to provide data for price feeds.

The above list is only a subset of what Pyth Governance is expected to cover.

Pyth DAO Governance Procedures

The Pyth Network community can look forward to engaging, discussing, and implementing to the Pyth Network through Pyth Improvement Proposals (PIPs).

PIPs are the primary methods to introduce, discuss, and implement changes to the Pyth DAO Constitution, governance, and the oracle network’s operations.

Ideation and discussion of PIPs are expected to take place within the official governance forum channel in the Pyth Network Discord server. Proposals that are ready for on-chain voting for final approval will be taken to the Pyth Governance platform on Realms.