Dear forum,
We’re pleased to announce that over the past few weeks, we have been working on the final details for PIP-55.
As you may know, yesterday marked the closure of EPOCH 29.
The distribution of rewards and the Gas Refund Program usually takes place a week later.
We aim to be the ones executing the next distribution, which will be in less than a week.
Of course, we are working with the oversight, support, and validation from the @Laita Labs team.
That’s why we’ve been testing the functionalities of the implemented service both on testnet:
- https://testnet.snapshot.box/#/s-tn:davidfraga.eth/proposal/0x29764abc12c010ee65d9a097da9bc37b6341452259a9308017a28e9bd54011e1
- https://testnet.snapshot.box/#/s-tn:davidfraga.eth/proposal/0xa6d3dc22f4afcc3df458dea72ca24e12e700c03a4e6fe57403c1be159b14ccc4
And on OP Mainnet:
- https://snapshot.box/#/s:paraswap-dao.eth/proposal/0x220406bf4bb601e9af5505fdb47b728b0dd23688ea373814c65db92a6d03c9f4
- https://snapshot.box/#/s:paraswap-dao.eth/proposal/0x5d0f8ce0ed639f4214a9bafd56d64a54ea4364948c88fe591cf5467f2b569299
Those were TEST transactions — don’t be alarmed.
Having said that, once the OP Mainnet tests are concluded and the calculations are done for the recently finished epoch, we invite you to review the snapshot proposal, validate the data, and vote in favour if you’re satisfied. Once the vote passes, the transactions will be automatically executed.
We also find it important to clarify the step-by-step process:
- We’ll do the calculations and validate them with the Laita Labs team.
- We’ll upload these data to Snapshot for automatic processing and proposal creation.
- The WakeUp team will share these links with the community, explaining the distribution in more detail.
- A vote will be held on Snapshot.
- If the vote passes, the rewards distribution will be executed automatically, and individuals will be able to claim their funds as usual.
This concludes the automation and distribution process, giving the decision-making power to the DAO while providing more transparency than before.
Please note that since this is the first time we’re handling the distribution ourselves — while also configuring the automated process — and given the ongoing tests, the 5-day voting period, and the challenge window for oSnap validators after the vote passes, there may be a slight delay in the distribution of Gas Refunds and Rewards.
Best regards,
The WakeUp Labs team