The Incentivized Mainnet Program was proposed and passed by the SSV DAO on 6th November 2023 through a Snapshot vote.
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
6 Likes
2023-10 Rewards Distribution
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”.
Calculation Repo: GitHub - ssvlabs/ssv-rewards
ETH Staking APR: 3.820%
- 30-day trailing average on 1st October 2023
rewards.yaml: eth_apr: 0.03820 # ETH Staking APR as a decimal fraction- Input in
- ETH.STORE
SSV/ETH Ration: 0.0095419
Files: Rewards-2023-10 - Google Drive
Signature Confirmation of Merkle Root: https://etherscan.io/verifySig/31088
8 Likes
2023-11 Rewards Distribution
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.
Calculation Repo: GitHub - ssvlabs/ssv-rewards
ETH Staking APR: 3.626%
- 30-day trailing average on 1st November 2023
rewards.yaml: eth_apr: 0.03626 # ETH Staking APR as a decimal fraction- Input in
- ETH.STORE
SSV/ETH Ration: 0.0085439
Files: Rewards-2023-11 - Google Drive
Signature Confirmation of Merkle Root: https://etherscan.io/verifySig/31089
5 Likes
2023-12 Rewards Distribution
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.
Calculation Repo: GitHub - ssvlabs/ssv-rewards
ETH Staking APR: 3.798%
- 30-day trailing average on 1st December 2023
rewards.yaml: eth_apr: 0.03798 # ETH Staking APR as a decimal fraction- Data from ETH.STORE
SSV/ETH Ration: 0.0094329
Files: Rewards-2023-12 - Google Drive
Signature Confirmation of Merkle Root: https://etherscan.io/verifySig/33406
4 Likes
2024-01 Rewards Distribution - Slight Delay
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!
Happy validating 
3 Likes
2024-01 Rewards Distribution
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.
Calculation Repo: GitHub - ssvlabs/ssv-rewards
ETH Staking APR: 3.721%
SSV/ETH Ration: 0.0109112
Files: Rewards-2024-01 - Google Drive
Signature Confirmation of Merkle Root:
https://etherscan.io/verifySig/35719
Address:
0xe3e34fa93575af41bef3476236e1a3cdb3f60b85
Message:
The SSV Incentivized Mainnet Program Merkle Root for January 2024 is: 0x7b9c0baf454204908be13358f7b2d3eaf680965d2e015aac2dc9a8dd96235f0c
Timestamp: 12th of February 2024
Hash:
0x81150f2552908e488b4ccc010895c42bb7118d82da240be74b380157f4472de5142c457d12739f713bfdfc022f3015bc7b8e5095f09c79297650c4925402adf81c
3 Likes
2024-02 Rewards Distribution
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.
Calculation Repo: GitHub - ssvlabs/ssv-rewards
ETH Staking APR: 3.573%
SSV/ETH Ration: 0.0109112
Files: Rewards-2024-02 - Google Drive
Signature Confirmation of Merkle Root:
https://etherscan.io/verifySig/37136
Address:
0xe3e34fa93575af41bef3476236e1a3cdb3f60b85
Message:
The SSV Incentivized Mainnet Program Merkle Root for February 2024 is: 0x2dd6f7546c461ecde0c347611cec9a5a0560736961f795fe1bb3fff805388c9f
Timestamp: 6th of March 2024
Hash:
0x560225c7d6c328d9a5a0cca27007f999abbe717e3b90840cc6c3db9a4b3df5cf34fc5397848ef269989089f8c2913d2030d0ce14c44c48a67e680f1b6696153d1c
4 Likes
2024-03 Rewards Distribution
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.
Calculation Repo: GitHub - ssvlabs/ssv-rewards
ETH Staking APR: 3.579%
SSV/ETH Ration: 0.0115827
Files: Rewards-2024-03 - Google Drive
Signature Confirmation of Merkle Root:
https://etherscan.io/verifySig/40098
Address:
0xe3e34fa93575af41bef3476236e1a3cdb3f60b85
Message:
The SSV Incentivized Mainnet Program Merkle Root for March 2024 is: 0x8b6e449309898334bf72b2b63ac88c07d28aa12b5c7fad5a747218b1c4c34163
Timestamp: 6th of April 2024
Hash:
0xb08d989ab5e3611ca47b69dfba68a202faf74ea80092f4f87e55096623c0f24d537f261fd5a0685548f5e06cb0992c1880f50a7812e1f77221bcc53fd2530d9e1c
1 Like
2024-04 Rewards Distribution
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.
Calculation Repo: GitHub - ssvlabs/ssv-rewards
ETH Staking APR: 3.509%
SSV/ETH Ration: 0.0133867
Files: Rewards-2024-04 - Google Drive
Signature Confirmation of Merkle Root:
https://etherscan.io/verifySig/41812
Address:
0xe3e34fa93575af41bef3476236e1a3cdb3f60b85
Message:
The SSV Incentivized Mainnet Program Merkle Root for April 2024 is: 0x0df9ccd973200db03e5ed5ab91ce7e5f3c31592839a1a6cde6efe3f504c77808
Timestamp: 7th of May 2024
Hash:
0xe1c93c014a9fd260f96b755b9b8dfe67f8b70cb1067d1a479229d403e0386186549510ab67c687b4f1b3e6fc50fe9a8293c59aa53fc87dcc31265f1846bf15551b
1 Like
2024-05 Rewards Distribution
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.
Calculation Repo: GitHub - ssvlabs/ssv-rewards
ETH Staking APR: 3.359%
SSV/ETH Ration: 0.0138363
Files: Rewards-2024-05 - Google Drive
Signature Confirmation of Merkle Root:
https://etherscan.io/verifySig/251250
Address:
0xe3e34fa93575af41bef3476236e1a3cdb3f60b85
Message:
The SSV Incentivized Mainnet Program Merkle Root for May 2024 is: 0x1ae4fd8f95dc00b87dc9cc8c752fa485cd4846addd79c9e2b821b2e0eb333d9d
Timestamp: 5th of June 2024
Hash:
0xadb43f2ee8f78fab082c91ae7c09cf03ddebc74771270de89b510ad74d586b047245841b279bbc64a3cc8ba0948c1a73064425f5453bb9bd30bf2bfb355ba6a31b
4 Likes
2024-06 Rewards Distribution
The June 2024 rewards distribution calculations have been created!
UPDATES FOR 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 2024-06 Google Sheet are only showing rewards from June 2024. The MerkleProof shows the cumulative amount for the whole incentives program so far.
Calculation Repo: GitHub - ssvlabs/ssv-rewards
ETH Staking APR: 3.247%
SSV/ETH Ration: 0.0128246
Files: Rewards-2024-06 - Google Drive
Signature Confirmation of Merkle Root:
https://etherscan.io/verifySig/253605
Address:
0xe3e34fa93575af41bef3476236e1a3cdb3f60b85
Message:
The SSV Incentivized Mainnet Program Merkle Root for June 2024 is: 0xdad76b679148b34d5396c5291a49ef6bd157630429dd9dd7a419626bbd838436
Timestamp: 10th of July 2024
Hash:
0xabc3b8887e392629a848ed5afb427f5bf3d064cb7bcbad314a9e7f530859b4095ba37f935d504b5d7c6cd356dee9ea51ea8c0c53179509f1afbf3f31c5bfdc641c
1 Like
2024-07 Rewards Distribution
The July 2024 rewards distribution calculations have been created!
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 2024-07 Google Sheet are only showing rewards from July 2024. The MerkleProof shows the cumulative amount for the whole incentives program so far.
Calculation Repo: GitHub - ssvlabs/ssv-rewards
ETH Staking APR: 3.309%
SSV/ETH Ration: 0.0111943
Files: Rewards-2024-07 - Google Drive
Signature Confirmation of Merkle Root:
https://etherscan.io/verifySig/256977
Address:
0xe3e34fa93575af41bef3476236e1a3cdb3f60b85
Message:
The SSV Incentivized Mainnet Program Merkle Root for July 2024 is: 0x4bdf5df5ae729b6797ef1649d3d5b6f63c525ed96118b75d7c38410d316f2bbe
Timestamp: 26th of August 2024
Hash:
0x67c52a35d698cca29f2fb67b4bc36b1d9edba307a3929e8028cf3913303ffc3b4e0c37b5918f0c9f8c31aaded49a40c43e2d64a550b58db137bda0b9d7c528b01c
2 Likes
2024-08 Rewards Distribution
The August 2024 rewards distribution calculations have been created!
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 2024-08 Google Sheet are only showing rewards from August 2024. The MerkleProof shows the cumulative amount for the whole incentives program so far.
Calculation Repo: GitHub - ssvlabs/ssv-rewards
ETH Staking APR: 3.223%
SSV/ETH Ration: 0.0100510
Files: Rewards-2024-08 - Google Drive
Signature Confirmation of Merkle Root:
https://etherscan.io/verifySig/257663
Address:
0xe3e34fa93575af41bef3476236e1a3cdb3f60b85
Message:
The SSV Incentivized Mainnet Program Merkle Root for August 2024 is: 0xf04a7a38a6b3fce316f0dad12e1ee20d8ff798bf52a5a58c185c1ec19a9c02e9
Timestamp: 15th of September 2024
Hash:
0x22c3224a4eed8e329ec1ac6ab9c373e9f861190f982d5539203ee4f76b1b44bd47c1ff47c554e9eb632b644b5e54a966300d75fae4472ba61aa441086bce8e2b1c
1 Like
2024-09 Rewards Distribution
The September 2024 rewards distribution calculations have been created!
How to claim your rewards
Step 1: Wait until the Merkle root has been updated for the current month.
Step 2: Go to https://ssvrewards.com to claim your rewards.
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 2024-09 Google Sheet are only showing rewards from September 2024. The MerkleProof shows the cumulative amount for the whole incentives program so far.
Calculation Repo: GitHub - ssvlabs/ssv-rewards
ETH Staking APR: 3.143%
SSV/ETH Ration: 0.0079044
Files: Rewards-2024-09 - Google Drive
Signature Confirmation of Merkle Root:
https://etherscan.io/verifySig/258309
Address:
0xe3e34fa93575af41bef3476236e1a3cdb3f60b85
Message:
The SSV Incentivized Mainnet Program Merkle Root for September 2024 is: 0xab6007e37a27f12b10767f81c2b90dc6a2947b867eb6950aad340b69414a4a2c
Timestamp: 7th of October 2024
Hash:
0x7add1ac029f2e2e5d8a9bf3c5a79c67a6058fbaebb92eda7945292ea76d2127e2653bfd2ae399f3af557110b7af542ae60fbd65186337d12667d7630f65f01c91b
2024-10 Rewards Distribution
The October 2024 rewards distribution calculations have been created!
How to claim your rewards
Step 1: Wait until the Merkle root has been updated for the current month.
Step 2: Go to https://ssvrewards.com to claim your rewards.
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.
Calculation Repo: GitHub - ssvlabs/ssv-rewards
ETH Staking APR: 3.290%
SSV/ETH Ration: 0.0084925
Files: Rewards-2024-10 - Google Drive
Signature Confirmation of Merkle Root:
https://etherscan.io/verifySig/260069
Address:
0xe3e34fa93575af41bef3476236e1a3cdb3f60b85
Message:
The SSV Incentivized Mainnet Program Merkle Root for October 2024 is: 0x992a950a3df94329a5caeacadb4679c843194d4cb44ac224b274b39ce4818ebd
Timestamp: 5th of November 2024
Hash:
0x78059dbccf98993d438f68718fe681d4bab5bd814e0f5b981a12062a683ee4b12574b74b2a81583239e2049171412b36f7dcfc38cef8fe540f650afe707b82eb1b
1 Like
2024-11 Rewards Distribution
The November 2024 rewards distribution calculations have been created!
How to claim your rewards
Step 1: Wait until the Merkle root has been updated for the current month.
Step 2: Go to https://ssvrewards.com to claim your rewards.
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 2024-11 Google Sheet are only showing rewards from November 2024. The MerkleProof shows the cumulative amount for the whole incentives program so far.
Calculation Repo: GitHub - ssvlabs/ssv-rewards
ETH Staking APR: 3.291%
SSV/ETH Ration: 0.0085347
Files: Rewards-2024-11 - Google Drive
Signature Confirmation of Merkle Root:
https://etherscan.io/verifySig/261948
Address:
0xe3e34fa93575af41bef3476236e1a3cdb3f60b85
Message:
The SSV Incentivized Mainnet Program Merkle Root for November 2024 is: 0x4c41627b861ebecb68db84af22a45738bb02e6395b05218ea6d83ad4dc230283
Timestamp: 6th of December 2024
Signature Hash:
0x069063c934cc3b205ed682a403b5488d5eb3409ec725002b826b257d870f7ef222155dff52cb80c29bf9fb472dfaffc3b76523ac1ea544e670feff3f0574ee141c