Pyth Network DAO votes to establish the Pyth Community Committee

The oracle solution Pyth Network has established the Pyth Community Committee through a vote by the Pyth Network DAO, aiming to oversee the execution of community plans, promote widespread participation and amplify the collective voice of the Pyth community.

The Community Board is a governing body composed of seven elected members responsible for overseeing the execution of community-related affairs and jointly managing multi-signature wallets within the community. The core tasks of the board include promoting value creation and network growth, conveying collective voices, advancing community incentives, etc. Board members serve terms of 12 months with elections held annually where two members will be replaced each term while retaining five based on tenure, past election votes and participation in multi-signatures.

In future, Pyth Network DAO will continue to release announcements related to nomination processes for Community Boards and on-chain voting. Interested community members can keep an eye out for these updates.