This proposal aims to execute the Rewards distribution for Epoch 37, targeting users staking seVLR.

Total Rewards for distribution:

32.467080398662047965 wETH

Note: WakeUp Labs fees for the distribution are 0.245343176816086005 wETH which will be also transferred on separate transaction in this same proposal on ETH Mainnet

Total Rewards distribution for Ethereum: 20.969278261006187198 wETH Merkle tree root hash: 0x5e9e9789951e3dfb8d86253b455466f52c4bce3d878677a352b00f36b76b8672

Total Rewards distribution for Optimism: 2.088405376819735577 wETH Merkle tree root hash: 0xfcbe038f26d655def422cb1609df7dcb9a386a13cd9c7795affc80ddad7c5241

Total Rewards distribution for Base: 9.40939676083612519 wETH Merkle tree root hash: 0x109ca665d2ea396062d5940f3f3b0e856b9bf730a07d9fbe40241a40d04b0f8e

Distribution files:

• IPFS Folder for Epoch 37 Rewards

Note: Rewards Epoch is equal to 36 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 and Base 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