This thread will be used to post the reward distribution calculations for each round. The SSV community and DAO will then check the calculations are accurate and distribute rewards accordingly.
I’m Eridian and I’m the Mainnet Incentivization Administrator. I am a contributor to the SSV DAO and participate on the SSV Grants Committee. The calculations used for this program are all open source and can be reproduced by anyone using this repo GitHub - ssvlabs/ssv-rewards. I encourage the community to check the results and if you have any questions or concerns, please respond in this thread or contact me directly on Discord or Telegram: @EridianAlpha
The first rewards distribution calculations have been created! I appreciate everyone’s patience while this first set of calculations was being created. There were improvements made to the calculations repo which required testing and validating, which slightly delayed this first rewards distribution.
In future rounds, the reward calculations will aim to be posted per the initial proposal “Rewards for each round would be distributed by the end of the 2nd week following the end of the previous round”.
The November 2023 rewards distribution calculations have been created!
Note: The results are cumulative, so the results shown in Rewards Overview 2023-11 Google Sheet are only showing rewards from November. The MerkleProof shows the cumulative amount for the whole incentives program so far.
The December 2023 rewards distribution calculations have been created!
Note: The results are cumulative, so the results shown in Rewards Overview 2023-12 Google Sheet are only showing rewards from December. The MerkleProof shows the cumulative amount for the whole incentives program so far.
The January 2024 calculations have been slightly delayed due to a problem with the calculation script. As the calculations must be accurate there is no intention of rushing a fix. Therefore, additional testing will be conducted next week (commencing 5th Feb) with a planned update on this forum on the 12th Feb.
The issue encountered does not influence any previous calculations, the problem seems to be a type of Y2K bug with the script not calculating results for 2024 but is happy to calculate 2023 results!
The January 2024 rewards distribution calculations have been created!
Note: The results are cumulative, so the results shown in Rewards Overview 2024-01 Google Sheet are only showing rewards from January. The MerkleProof shows the cumulative amount for the whole incentives program so far.
The SSV Incentivized Mainnet Program Merkle Root for January 2024 is: 0x7b9c0baf454204908be13358f7b2d3eaf680965d2e015aac2dc9a8dd96235f0c
Timestamp: 12th of February 2024
The February 2024 rewards distribution calculations have been created!
Note: The results are cumulative, so the results shown in Rewards Overview 2024-02 Google Sheet are only showing rewards from February 2024. The MerkleProof shows the cumulative amount for the whole incentives program so far.
The SSV Incentivized Mainnet Program Merkle Root for February 2024 is: 0x2dd6f7546c461ecde0c347611cec9a5a0560736961f795fe1bb3fff805388c9f
Timestamp: 6th of March 2024
The March 2024 rewards distribution calculations have been created!
Note: The results are cumulative, so the results shown in Rewards Overview 2024-03 Google Sheet are only showing rewards from March 2024. The MerkleProof shows the cumulative amount for the whole incentives program so far.
The SSV Incentivized Mainnet Program Merkle Root for March 2024 is: 0x8b6e449309898334bf72b2b63ac88c07d28aa12b5c7fad5a747218b1c4c34163
Timestamp: 6th of April 2024
The April 2024 rewards distribution calculations have been created!
Note: The results are cumulative, so the results shown in Rewards Overview 2024-04 Google Sheet are only showing rewards from April 2024. The MerkleProof shows the cumulative amount for the whole incentives program so far.
The SSV Incentivized Mainnet Program Merkle Root for April 2024 is: 0x0df9ccd973200db03e5ed5ab91ce7e5f3c31592839a1a6cde6efe3f504c77808
Timestamp: 7th of May 2024
The May 2024 rewards distribution calculations have been created!
Note: The results are cumulative, so the results shown in Rewards Overview 2024-05 Google Sheet are only showing rewards from May 2024. The MerkleProof shows the cumulative amount for the whole incentives program so far.
The SSV Incentivized Mainnet Program Merkle Root for May 2024 is: 0x1ae4fd8f95dc00b87dc9cc8c752fa485cd4846addd79c9e2b821b2e0eb333d9d
Timestamp: 5th of June 2024
Extending the program duration. 3 months has been added to the program, bringing the total length to 15 months.
Restructuring the program tiers and APR boost:
Tier (Validators) APR Boost
20000 - 35000 30%
35001 - 45000 20%
45001 - 100000 10%
Updating the eligibility criteria to exclude SAFE multisig wallets. Previously, if the owner address was a SAFE multisig wallet, the rewards could only be claimed by the EOA deployer address of that SAFE multisig wallet. With this update, the SAFE multisig wallet is now the reward recipient.
Note: The results are cumulative, so the results shown in Rewards Overview 2024-06 Google Sheet are only showing rewards from June 2024. The MerkleProof shows the cumulative amount for the whole incentives program so far.
The SSV Incentivized Mainnet Program Merkle Root for June 2024 is: 0xdad76b679148b34d5396c5291a49ef6bd157630429dd9dd7a419626bbd838436
Timestamp: 10th of July 2024
Extending the program duration. 3 months has been added to the program, bringing the total length to 15 months.
Restructuring the program tiers and APR boost:
Tier (Validators) APR Boost
20000 - 35000: 30%
35001 - 45000: 20%
45001 - 100000: 10%
Updating the eligibility criteria to exclude SAFE multisig wallets. Previously, if the owner address was a SAFE multisig wallet, the rewards could only be claimed by the EOA deployer address of that SAFE multisig wallet. With this update, the SAFE multisig wallet is now the reward recipient.
Note: The results are cumulative, so the results shown in Rewards Overview 2024-07 Google Sheet are only showing rewards from July 2024. The MerkleProof shows the cumulative amount for the whole incentives program so far.
The SSV Incentivized Mainnet Program Merkle Root for July 2024 is: 0x4bdf5df5ae729b6797ef1649d3d5b6f63c525ed96118b75d7c38410d316f2bbe
Timestamp: 26th of August 2024
Updating the eligibility criteria to exclude SAFE multisig wallets. Previously, if the owner address was a SAFE multisig wallet, the rewards could only be claimed by the EOA deployer address of that SAFE multisig wallet. With this update, the SAFE multisig wallet is now the reward recipient.
Note: The results are cumulative, so the results shown in Rewards Overview 2024-08 Google Sheet are only showing rewards from August 2024. The MerkleProof shows the cumulative amount for the whole incentives program so far.
The SSV Incentivized Mainnet Program Merkle Root for August 2024 is: 0xf04a7a38a6b3fce316f0dad12e1ee20d8ff798bf52a5a58c185c1ec19a9c02e9
Timestamp: 15th of September 2024
Extending the program duration. 3 months has been added to the program, bringing the total length to 15 months.
Restructuring the program tiers and APR boost:
Tier (Validators) APR Boost
20000 - 35000: 30%
35001 - 45000: 20%
45001 - 100000: 10%
Updating the eligibility criteria to exclude SAFE multisig wallets. Previously, if the owner address was a SAFE multisig wallet, the rewards could only be claimed by the EOA deployer address of that SAFE multisig wallet. With this update, the SAFE multisig wallet is now the reward recipient.
Note: The results are cumulative, so the results shown in Rewards Overview 2024-09 Google Sheet are only showing rewards from September 2024. The MerkleProof shows the cumulative amount for the whole incentives program so far.
The SSV Incentivized Mainnet Program Merkle Root for September 2024 is: 0xab6007e37a27f12b10767f81c2b90dc6a2947b867eb6950aad340b69414a4a2c
Timestamp: 7th of October 2024
UPDATES SINCE JUNE 2024
A snapshot proposal was passed.
The key points of that proposal are:
Extending the program duration. 3 months has been added to the program, bringing the total length to 15 months.
Restructuring the program tiers and APR boost:
Tier (Validators) APR Boost
20000 - 35000: 30%
35001 - 45000: 20%
45001 - 100000: 10%
Updating the eligibility criteria to exclude SAFE multisig wallets. Previously, if the owner address was a SAFE multisig wallet, the rewards could only be claimed by the EOA deployer address of that SAFE multisig wallet. With this update, the SAFE multisig wallet is now the reward recipient.
Note: The results are cumulative, so the results shown in Rewards Overview 2024-10 Google Sheet are only showing rewards from October 2024. The MerkleProof shows the cumulative amount for the whole incentives program so far.
The SSV Incentivized Mainnet Program Merkle Root for October 2024 is: 0x992a950a3df94329a5caeacadb4679c843194d4cb44ac224b274b39ce4818ebd
Timestamp: 5th of November 2024
Extending the program duration. 3 months has been added to the program, bringing the total length to 15 months.
Restructuring the program tiers and APR boost:
Tier (Validators) APR Boost
20000 - 35000: 30%
35001 - 45000: 20%
45001 - 100000: 10%
Updating the eligibility criteria to exclude SAFE multisig wallets. Previously, if the owner address was a SAFE multisig wallet, the rewards could only be claimed by the EOA deployer address of that SAFE multisig wallet. With this update, the SAFE multisig wallet is now the reward recipient.
Note: The results are cumulative, so the results shown in Rewards Overview 2024-11 Google Sheet are only showing rewards from November 2024. The MerkleProof shows the cumulative amount for the whole incentives program so far.
The SSV Incentivized Mainnet Program Merkle Root for November 2024 is: 0x4c41627b861ebecb68db84af22a45738bb02e6395b05218ea6d83ad4dc230283
Timestamp: 6th of December 2024
Extending the program duration. 3 months has been added to the program, bringing the total length to 15 months.
Restructuring the program tiers and APR boost:
Tier (Validators) APR Boost
20000 - 35000: 30%
35001 - 45000: 20%
45001 - 100000: 10%
Updating the eligibility criteria to exclude SAFE multisig wallets. Previously, if the owner address was a SAFE multisig wallet, the rewards could only be claimed by the EOA deployer address of that SAFE multisig wallet. With this update, the SAFE multisig wallet is now the reward recipient.
Note: The results are cumulative, so the results shown in Rewards Overview 2024-12 Google Sheet are only showing rewards from December 2024. The MerkleProof shows the cumulative amount for the whole incentives program so far.
The SSV Incentivized Mainnet Program Merkle Root for December 2024 is: 0x4ca09a26f05da109739047bb3493b6a6eb92191ca4ba5180b311cc296a5c9a98
Timestamp: 6th of January 2025
UPDATES SINCE JUNE 2024
A snapshot proposal was passed.
The key points of that proposal are:
Extending the program duration. 3 months has been added to the program, bringing the total length to 15 months.
Restructuring the program tiers and APR boost:
Tier (Validators) APR Boost
20000 - 35000: 30%
35001 - 45000: 20%
45001 - 100000: 10%
Updating the eligibility criteria to exclude SAFE multisig wallets. Previously, if the owner address was a SAFE multisig wallet, the rewards could only be claimed by the EOA deployer address of that SAFE multisig wallet. With this update, the SAFE multisig wallet is now the reward recipient.
Note: The results are cumulative, so the results shown in Rewards Overview 2025-01 Google Sheet are only showing rewards from January 2025. The MerkleProof shows the cumulative amount for the whole incentives program so far.
The SSV Incentivized Mainnet Program Merkle Root for January 2025 is: 0x553fd8893b90332db8810c0071e5e9cf91b859a1cda8ceedb9da7ae27cb2adfa
Timestamp: 5th of February 2025
SSV Incentivized Mainnet Program - Update Message:
During the February 2025 calculations, some recipient addresses that used Safe wallets were mapped incorrectly to their deployer addresses. This was caused by the Safe API failing when the calculation script was run.
This meant that those users were not able to claim their rewards correctly. A new Merkle Proof is currently being calculated to correct those addresses. The total amount of SSV rewards remains the same.
The Merkle Proof has been reverted to the January 2025 values. It will be updated again and posted here when the new calculations have been completed and checked.
