This proposal aims to execute the Rewards distribution for Epoch 34, targeting users staking sePSP1 and sePSP2.

Total Rewards for distribution:

53.353008291682974711 wETH

Note: WakeUp Labs fees for the distribution are 0.341783017880116832 wETH which will be also transferred on separate transaction in this same proposal on ETH Mainnet

Total Rewards distribution for Ethereum: 48.170634511315775914 wETH Merkle tree root hash: 0x2bf3c1479bf80fcd5507a4d97589ab2b00f9f864a6215491cb6c4f6ef5803a7f

Total Rewards distribution for Optimism: 5.182373780367198797 wETH Merkle tree root hash: 0xf68fb30536279b38763b769e3fb02e5dfab36096cbe7383fe9e53f8d7422ccc5

Distribution files:

• IPFS Folder for Epoch 34 Rewards

Note: Rewards Epoch is equal to 34 due to first PSP 2.0 Epoch being Epoch 0 and communicated externally as Epoch 1

Transaction Details

If this proposal is approved it will perform 3 actions on ETH Mainnet and 2 actions on OP Mainnet:

1. Approve wETH to be used by distributor contract
2. Transfer wETH and update merkle tree root hash a. Transfer wETH to distributor contract b. Update merkle tree root hash
3. Transfer distribution fees to WakeUp Labs in wETH (only on ETH Mainnet)

Verification Tool

We’ve launched an app that allows anyone to verify the integrity of the Rewards calculation.

With this tool, you can:

• Recalculate the Merkle tree root hash using the published rewards file to ensure the data hasn’t been tampered with.
• Verify the reward data for any specific account, ensuring it matches what’s included in the distribution.

Useful links:

• Verification app
• Step-by-step guide and open-source code