Update and Status on Epoch 35
We’d like to share our experience during this epoch.
Alongside the recent migration to VLR, multiple adjustments were required to ensure the system operated correctly. These updates are detailed in this forum post.
In addition to these adjustments, two operational tasks caused delays in completing the execution on schedule.
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Temporary Fund Reallocation
Funds had to be reallocated across different GovCo wallets to execute rewards on multiple blockchains, instead of keeping all funds on Ethereum Mainnet.
Due to multisig coordination delays, WakeUp Labs voluntarily provided the necessary funds on OP and BASE to avoid further delays in the distribution.
While this task would typically fall outside our scope, WakeUp Labs took the initiative to move it forward in order to streamline the process. Reimbursement will be requested once all payments are completed. -
oSnap BASE Limitation
The oSnap team has confirmed that the oSnap plugin is not yet fully operational to support automatic execution on Base. They are actively working on resolving this, and we expect to begin using it starting with the next epoch. Until then, Base distributions will be executed manually. Proposals will still need to be approved through Snapshot in order to maintain full transparency and on-chain traceability.
Distributions on Ethereum and Optimism will be executed through the oSnap oracle. Once the proposals are approved, an additional 24 hours will be required for the distribution to be completed.
Current status:
- Both Snapshot proposals went live with an express voting process (link) to avoid further delays.
- Rewards on OP and ETH will be distributed as usual through UMA, 24 hours after the proposal is approved. For BASE, while the transactions can still be reviewed on Snapshot, but their preparation and execution will be handled manually by us, and then submitted for signing by the GovCo signers.
- Expected time for stakers to claim rewards: Thursday, around 20:00 (GMT-3).
- Expected time for stakers to claim gas refunds, Friday, around 12:00 (GMT-3).
WakeUp Labs: Fund Movements on OP and BASE