Hi everyone,
We’d like to outline the exact scope of the changes to Gas Refunds and Rewards Distribution, which are already being implemented as part of the migration to VLR. These adjustments will continue until the migration is fully completed, ensuring there is no disruption or difference compared to the distribution mechanisms that existed prior to the transition.
This post is meant to ensure transparency, alignment with the DAO, and protection for stakers in edge cases. It does not introduce new or unexpected changes, nor is it intended to open a debate.
Summary of adjustments:
- VLR integration: VLR staking contracts will be treated the same way PSP was, for both Gas Refunds and Rewards.
- Withdrawal rule: If a user withdraws part of their stake, they will not be penalized as long as their total across chains remains under 60,000 VLR (the threshold can be adjusted if stricter filtering is preferred). Since the boost resets from this point forward, the impact of this adjustment will become visible in the upcoming epochs.
- Chain-based claims:
- Gas Refunds: claimable only on the chain where the user has the largest stake.
- Staking Rewards: claimable only on the chain where the user has the largest stake.
- BASE inclusion: BASE will be added to refund/reward calculations (alongside OP and ETH) once the migration is complete.
- PSP1 deprecation: The PSP1 single-staking contract will be excluded, as it will be removed after the migration.
Over the past two weeks, WakeUp Labs has dedicated time to adapting and implementing these adjustments. This work was carried out as part of our ongoing commitment to the DAO’s ecosystem and to ensure a smooth migration from PSP to VLR. We share this context so the community is aware of the effort involved. (This effort has been roughly equivalent to three weeks of full-time senior engineering. It does not include technical lead oversight, cross-review of PRs, scripting, validation, or scope definition with the Laita Labs team).
We believe these adjustments improve the user experience by simplifying the system, ensuring consistency, and aligning with the new token migration.
While parts of this have already been discussed, we wanted to formally share them with the community.