This proposal aims to execute the Rewards distribution for Epoch 35, targeting users staking seVLR.

Total Rewards for distribution:

21.574562260910971896 wETH

Note: WakeUp Labs fees for the distribution are 0.163031956631569057 wETH which will be also transferred on separate transaction in this same proposal on ETH Mainnet

Total Rewards distribution for Ethereum: 13.854745296653524373 wETH Merkle tree root hash: 0xda401b40161b1de85d74c828f230b1601030678dc0ca1723da7a4c25f9cbeebd

Total Rewards distribution for Optimism: 1.130706901096423449 wETH Merkle tree root hash: 0x5a5d48e397064e1c8cc626ed515ded1437a5ea65e9b7306a0ae4b81afe3104f7

Total Rewards distribution for Base: 6.589110063161024074 wETH Merkle tree root hash: 0x24506e506753c67a03dde7e82305170d8ad256081d048b153e1a919df2cb6cd0

Distribution files:

• IPFS Folder for Epoch 35 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)

Base Manual Transactions

The following transactions correspond to the Base chain (chain ID 8453) and will be executed manually for this epoch:

GovCo Base (Safe Multisig): 0x65136b3E4f012e4c13Aff0926091E2eadCFEdB42
Chain ID: 8453 (Base)

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1️⃣ Approve wETH for Distributor

• Contract: 0x4200000000000000000000000000000000000006 (wETH)
• Method: approve(address spender, uint256 amount)
• Inputs:
  • spender: 0x07157Bd2260b9748c122F916921047c9980C141A
  • amount: 6.589110063161024074 wETH (6589110063161024074 wei)
• Raw data: 0x095ea7b300000000000000000000000007157bd2260b9748c122f916921047c9980c141a0000000000000000000000000000000000000000000000005b7138b11caa1e4a

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2️⃣ Update Merkle Root and Transfer Rewards

• Contract: 0x07157Bd2260b9748c122F916921047c9980C141A (Distributor)
• Method: updateMerkleRootAndTransferRewards(bytes32 merkleRoot, uint256 totalRewards, bool resetRoot)
• Inputs:
• merkleRoot: 0x24506e506753c67a03dde7e82305170d8ad256081d048b153e1a919df2cb6cd0
• totalRewards: 6.589110063161024074 wETH (6589110063161024074 wei)
• resetRoot: false
• Raw data: 0xf244448e24506e506753c67a03dde7e82305170d8ad256081d048b153e1a919df2cb6cd00000000000000000000000000000000000000000000000005b7138b11caa1e4a0000000000000000000000000000000000000000000000000000000000000000

⚠️ Additional Note

Transactions on Base will be executed manually for now, as the oSnap plugin is not yet fully operational to support automatic execution on the Base chain. The oSnap team is actively working on it, and we expect to begin usage starting with the next epoch. At that point, Base distributions will be executed automatically, in line with the other chains.

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