Yes! The updated calculation is coming soon. Stay tuned for more updates here on the thread and on Discord.
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Is the new calculation ready? Iām hoping to use my distributions to cover my SSV Network fees so I donāt get liquidatedā¦
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@GBeast The calculations have been run again and are currently being verified with an updated checklist. My expectation is that the checks will be finished today, the results posted here, and the new Merkle root update shortly after.
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2025-02 Rewards Distribution (Fixed)
The February 2025 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 2025-02 Google Sheet are only showing rewards from February 2025. The MerkleProof shows the cumulative amount for the whole incentives program so far.
Calculation Repo: GitHub - ssvlabs/ssv-rewards
ETH Staking APR: 3.143%
-
30-day trailing average on 1st February 2025
-
rewards.yaml:eth_apr: 0.03143 # ETH Staking APR as a decimal fraction -
Data from ETH.STORE
SSV/ETH Ration: 0.0061448
-
30-day trailing average on 1st February 2025
-
rewards.yaml:ssv_eth: 0.0061448 # SSV/ETH price
Files: Rewards-2025-02 - Google Drive
Signature Confirmation of Merkle Root:
https://etherscan.io/verifySig/269187
Address:
0xe3e34fa93575af41bef3476236e1a3cdb3f60b85
Message:
The SSV Incentivized Mainnet Program Merkle Root for February 2025 is: 0x5c984087fd9aac3cc2d2abead27611e39ba723741c4a709b62ae7227bd12cfe3
Timestamp: 25th of March 2025
Signature Hash:
0xf28b0e98d3c3f2ba820a9f293d5546255b131c304305ea8ada26781533cef56576aae22dcfdfad84bdeba29d718a5a4b9d98b69cd5785139f2495f5a7058e4851b
2 Likes
Hey Eidian, do i read it correctly that prices for the month of January are used to calculate Feb rewards? so there is 1 month lag of prices impacting rewards?
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Hey @OperatorX, yes thatās correct. The prices are calculated as the 30-day average from the start of the period. For the February period, the price range starts one day before that (31st January) and counts backward 30 days to the 2nd January. You can see the exact values used here: Price Calculator 2025-02 - Google Sheets
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2025-03 Rewards Distribution
The March 2025 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 2025-03 Google Sheet are only showing rewards from March 2025. The MerkleProof shows the cumulative amount for the whole incentives program so far.
Calculation Repo: GitHub - ssvlabs/ssv-rewards
ETH Staking APR: 3.084%
-
30-day trailing average on 1st March 2025
-
rewards.yaml:eth_apr: 0.03084 # ETH Staking APR as a decimal fraction -
Data from ETH.STORE
SSV/ETH Ration: 0.0046092
-
30-day trailing average on 1st March 2025
-
rewards.yaml:ssv_eth: 0.0046092 # SSV/ETH price
Files: Rewards-2025-03 - Google Drive
Signature Confirmation of Merkle Root:
https://etherscan.io/verifySig/271812
Address:
0xe3e34fa93575af41bef3476236e1a3cdb3f60b85
Message:
The SSV Incentivized Mainnet Program Merkle Root for March 2025 is: 0x4c15b598926548228dcee37cd9f5abd513e2977cd5b8fc61eeb941c2768e9e64
Timestamp: 11th of April 2025
Signature Hash:
0xa849424835ace357108aa7eb0db3917b9163cdadb814167801b08a37626336e16217e412ebc1a5532a423fa30bbf03ca8180c1bc67040bfea64165cdbf60745c1c
much appreciated!
Is it published anywhere how many tokens have been minted so far as part of this program and how close are we to 1M limit mentoned in the original Proposal?
āNo more than 1.000.000 SSV will be minted during the length of the Incentivized mainnet programā
2 Likes
Hey @OperatorX!
Revision #2 of the Incentivized Mainnet Program reset the 1M SSV limit on Dec. 26th 2024: https://snapshot.box/#/s:mainnet.ssvnetwork.eth/proposal/0x592978db42ae5333a87abc88615f9e2b0b2be74ef42e7d531d64a141e5f9bb42
After the incentivized mainnet update for March is executed we will have minted 400k of this new 1M budget 
All mints related to the Incentivized Mainnet program can be seen here:
https://etherscan.io/address/0x63E006a305b32a5b21516CAe0A4348525C8cB0a8#tokentxns
I believe the bigger issue is the 100k validator limit being hit meaning the original program ends. A dedicated working group is on it and will soon propose an extension 
3 Likes
2025-04 Rewards Distribution
The April 2025 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 APRIL 2025
DIP-33 has changed the reward tiers:
Tier (Validators) APR Boost
45001 - 100000 10%
100001 - 125000 7.5%
125001 - 150000 6%
150001 - 175000 5%
175001 - 200000 3.5%
Note: The results are cumulative, so the results shown in Rewards Overview 2025-04 Google Sheet are only showing rewards from April 2025. The MerkleProof shows the cumulative amount for the whole incentives program so far.
Calculation Repo: GitHub - ssvlabs/ssv-rewards
ETH Staking APR: 3.045%
-
30-day trailing average on 1st April 2025
-
rewards.yaml:eth_apr: 0.03045 # ETH Staking APR as a decimal fraction -
Data from ETH.STORE
SSV/ETH Ration: 0.0049742
Note: The average SSV price for the period was below $10 so a $10 floor price has been used.
-
30-day trailing average on 1st April 2025
-
rewards.yaml:ssv_eth: 0.0049742 # SSV/ETH price
Files: Rewards-2025-04 - Google Drive
Signature Confirmation of Merkle Root:
https://etherscan.io/verifySig/273023
Address:
0xe3e34fa93575af41bef3476236e1a3cdb3f60b85
Message:
The SSV Incentivized Mainnet Program Merkle Root for April 2025 is: 0xb54694550939f62870d04913d2202e4031c6e1043bb2c5e58bf89cdb45e43120
Timestamp: 13th May 2025
Signature Hash:
0x03422d018d43a7fe3ae8da4d462bf5420d83a49af9dc5396e78f41c4c20027f03a11c117826e9f36e920575cccc26d73ed3fc621860044d02bacb1302a62393c1c
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Due to the changes to reward tiers from DIP-34 additional time has been given to check the calculations for 2025-04. The current plan is to propose the Merkle root by May 17th.
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The Merkel root for 2025-04 has now been published and updated on https://ssvrewards.com
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2025-05 Rewards Distribution
The May 2025 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 MAY 2025
DIP-34 has now been implemented.
There have been changes to the calculations which can be viewed on the full DIP-34 post.
A point to highlight is that the price calculations are now using the average price for the period being calculated, not a 30-day trailing price.
Note: The results are cumulative, so the results shown in Rewards Overview 2025-05 Google Sheet are only showing rewards from May 2025. The MerkleProof shows the cumulative amount for the whole incentives program so far.
Calculation Repo: GitHub - ssvlabs/ssv-rewards
ETH Staking APR: 3.043%
-
30-day average for the period: 2025-05-01 to 2025-05-31
-
rewards.yaml:eth_apr: 0.03043 # ETH Staking APR as a decimal fraction -
Data from ETH.STORE
SSV/ETH Ration: 0.0042041
*Note: The average SSV price for the period was below $10 so a $10 floor price has been used.
-
30-day average for the period: 2025-05-01 to 2025-05-31
-
rewards.yaml:ssv_eth: 0.0042041 # SSV/ETH price
Files: Rewards-2025-05 - Google Drive
Signature Confirmation of Merkle Root:
https://etherscan.io/verifySig/275124
Address:
0xe3e34fa93575af41bef3476236e1a3cdb3f60b85
Message:
The SSV Incentivized Mainnet Program Merkle Root for May 2025 is: 0x739b82376c57a4573838e753666a0f4627a17756c8f433fd7415da90c5050f57
Timestamp: 13th June 2025
Signature Hash:
0xb08e6584c65a85274adf6182b6c330d16609576edde7e0ab1cf80dfc0911dbf05b57db9a46f95033782f966f84be8ccf0bd0021afc858966f154988b1463c0051c
1 Like