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New Merkle Distribution for Dec 1st 23 #111

Merged
merged 1 commit into from
Dec 6, 2023
Merged

New Merkle Distribution for Dec 1st 23 #111

merged 1 commit into from
Dec 6, 2023

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manumonti
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@manumonti manumonti commented Dec 6, 2023

As this is a cumulative Merkle distribution, the rewards here collected are the sum of the rewards distributed in previous Merkle distributions plus the rewards earned in the period between the last and the current distribution.

The rewards earned in this distribution are determined for the period between Nov 22nd 04:06:11 and Dec 1st 2023 and include:

  • PRE rewards for those who have a PRE operator confirmed and were staking during this period.
  • tBTCv2 rewards for those who comply with the tBTCv2 requirements during this period.

The reward allocation for this distribution is:

  • PRE rewards: 25%
  • tBTCv2 rewards: 75%

Note: The period of this distribution has been shortened due to the legacy stake dropped support. More info can be found in [1], [2]. The transaction that disabled the legacy stakes was executed Nov 22nd 2023 04:06:11 UTC, so for technical reasons, the previous distribution ended at this exact time and hence, this distribution starts at this time. The transaction can be found in [3].

Note: Since the deadline for the legacy tokens transition has not yet ended (see [2]), and considering that stakes that complete the process will earn the complete amount of rewards for their legacy tokens, but those that won't complete the process in time won't, it is not possible to know how much rewards will earn those stakes with legacy tokens. For this reason, no rewards have been calculated for legacy stakes in this distribution period. In distribution after the transition deadline, the remaining rewards will be distributed.

[1] threshold-network/solidity-contracts#141
[2] https://forum.threshold.network/t/transition-guide-for-legacy-stakers/719
[3]https://etherscan.io/tx/0x68ddee6b5651d5348a40555b0079b5066d05a63196e3832323afafae0095a656

As this is a cumulative Merkle distribution, the rewards here collected
are the sum of the rewards distributed in previous Merkle distributions
plus the rewards earned in the period between the last and the current
distribution.

The rewards earned in this distribution are determined for the period
between Nov 22nd 04:06:11 and Dec 1st 2023 and include:

- PRE rewards for those who have a PRE operator confirmed and were
  staking during this period.
- tBTCv2 rewards for those who comply with the tBTCv2 requirements
  during this period.

The reward allocation for this distribution is:

- PRE rewards: 25%
- tBTCv2 rewards: 75%

Note: The period of this distribution has been shortened due to the
legacy stake dropped support. More info can be found in [1], [2]. The
transaction that disabled the legacy stakes was executed Nov 22nd 2023
04:06:11 UTC, so for technical reasons, the previous distribution ended
at this exact time and hence, this distribution starts at this time.
The transaction can be found in [3].

Note: Since the deadline for the legacy tokens transition has not yet
ended (see [2]), and considering that stakes that complete the process
will earn the complete amount of rewards for their legacy tokens, but
those that won't complete the process in time won't, it is not possible
to know how much rewards will earn those stakes with legacy tokens. For
this reason, no rewards have been calculated for legacy stakes in the
period of this distribution. In distribution after transition deadline,
the remaining rewards will be distributed.

[1] threshold-network/solidity-contracts#141
[2] https://forum.threshold.network/t/transition-guide-for-legacy-stakers/719
[3] https://etherscan.io/tx/0x68ddee6b5651d5348a40555b0079b5066d05a63196e3832323afafae0095a656
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