This proposal aims to execute the Rewards distribution for Epoch 31, targeting users staking sePSP1 and sePSP2.

Total Rewards for distribution:

23.953552879967492617 wETH

Note: WakeUp Labs fees for the distribution are 0.181009215717638499 wETH which will be also transferred on separate transaction in this same proposal on ETH Mainnet

Total Rewards distribution for Ethereum: 21.739599111038136915 wETH Merkle tree root hash: 0x2dad544313382656147992f55bfa2f0f35c733a7acbeb6f60be0ed80d6eb1dc1

Total Rewards distribution for Optimism: 2.213953768929355702 wETH Merkle tree root hash: 0x58c67a1c8629cb6245bf6709051902ccd71c673202bee3d84cddedca9e45fe5b

Distribution files:

• IPFS Folder for Epoch 31 Rewards

Note: Rewards Epoch is equal to 31 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