This proposal aims to execute the Rewards distribution for Epoch 36, targeting users staking seVLR.

Total Rewards for distribution:

31.790813252489904116 wETH

Note: WakeUp Labs fees for the distribution are 0.240232845736699527 wETH which will be also transferred on separate transaction in this same proposal on ETH Mainnet

Total Rewards distribution for Ethereum: 20.564741917811499589 wETH Merkle tree root hash: 0xd0d0c217c4010c621df25b25c79f30fbd22376cb4bdbd33e42af2efc6bbf6eff

Total Rewards distribution for Optimism: 2.053626385835957739 wETH Merkle tree root hash: 0x8bdaaf595002657c18cd66029153abe7aceb9945c93ad249042b9741cc11318b

Total Rewards distribution for Base: 9.172444948842446788 wETH Merkle tree root hash: 0x68c75b4f449fe8b46a997f709cc7589022700cdfa2ad6c35faa83db12c75c88d

Distribution files:

• IPFS Folder for Epoch 36 Rewards

Note: Rewards Epoch is equal to 35 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, 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)

Base Transactions

Currently, there is an active proposal testing whether the oSnap plugin is already enabled for Base. If the test confirms that automatic execution is supported, these transactions will be executed automatically through oSnap. Otherwise, if the feature is still not fully operational, the transactions will not be executed automatically, and we will proceed with the manual execution process for Base — following the same procedure as in the previous epoch.

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