PIP-55 Reward Mechanism Automation, WakeUp Labs Update Thread

Governance Proposals Approved Proposals
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Update on PIP-55: First On-Chain Gas Refund Distribution Live!

As mentioned in our previous post, the first stage of the PIP-55 implementation is underway.

Thanks to the collaboration between @Laita Labs, UMA, and WakeUp Labs, we’ve successfully proposed the first automated, trustless distribution for the Gas Refund Program:

  1. The distribution amounts were independently calculated by both Laita and WakeUp Labs — and matched.

  2. WakeUp Labs pushed this data to Snapshot via a custom script. With UMA’s support, the proposal now triggers an on-chain transaction to automatically execute the distribution.

  3. Laita and GovCo no longer need to manually sign or transfer funds — it’s fully automated.

:backhand_index_pointing_right: Snapshot + oSnap Proposal (Epoch 29):

https://vote.velora.xyz/#/proposal/0xde5026a02a18a6aa7018c6b1c15884270c77dd86eafe43428f085b1371365f32

This marks the first time the DAO, not individuals, validates and approves a Gas Refund distribution.

What about the Rewards Distribution?

The Rewards proposal will go live on Monday as the UMA team was fixing a minor UI issue between Snapshot and oSnap found during the creation of the Rewards proposal.

Thanks for your support and patience! :folded_hands:

If you have any questions, feel free to reach out!

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