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 - bloxapp/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
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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 - bloxapp/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
7 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 - bloxapp/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
4 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 - bloxapp/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
3 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 
2 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 - bloxapp/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
2 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 - bloxapp/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
3 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 - bloxapp/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