This proposal aims to execute the Rewards distribution for Epoch 33, targeting users staking sePSP1 and sePSP2.

Total Rewards for distribution:

37.75978800237187691 wETH

Note: WakeUp Labs fees for the distribution are 0.285338448380643906 wETH which will be also transferred on separate transaction in this same proposal on ETH Mainnet

Total Rewards distribution for Ethereum: 34.1796595007683421 wETH Merkle tree root hash: 0x7c7b593c0ee52e6acd43499d3e18f210880e10cd4003329904ad748fa42076de

Total Rewards distribution for Optimism: 3.58012850160353481 wETH Merkle tree root hash: 0xf65e9ed9456575b5d265f26b7c54918857240e48d1ac161856d832d0939f112b

Distribution files:

• IPFS Folder for Epoch 33 Rewards

Note: Rewards Epoch is equal to 33 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