# Easy Track setup for reWARDS in stETH

**URL:** <https://research.lido.fi/t/easy-track-setup-for-rewards-in-steth/4620>\
**Category:** Proposals\
**Created:** [May 16, 2023, 8:24pm UTC](https://research.lido.fi/t/easy-track-setup-for-rewards-in-steth/4620 "2023-05-16T20:24:57Z")\
**Posts on this page:** 1\
**Showing post:** 1

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**Author:** ![zuzu\_eeka](https://dub1.discourse-cdn.com/flex013/user_avatar/research.lido.fi/zuzu_eeka/32/1157_2.png) [@zuzu\_eeka](https://research.lido.fi/u/zuzu_eeka)\
**Post date:** [May 16, 2023, 8:24pm UTC](https://research.lido.fi/t/easy-track-setup-for-rewards-in-steth/4620/1 "2023-05-16T20:24:57Z")

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## Context

In the [**[LIDO-v2] May 1, 2023 - December 31, 2023 | Lido Ongoing Grant Request**](https://research.lido.fi/t/lido-v2-may-1-2023-december-31-2023-lido-ongoing-grant-request/4476) post it was proposed to switch reWARDS payments from LDO to stETH and reduce the budget to the amount equal to 4m DAI.

> [@\[LIDO-v2\] May 1, 2023 - December 31, 2023 | Lido Ongoing Grant Request](https://research.lido.fi/t/lido-v2-may-1-2023-december-31-2023-lido-ongoing-grant-request/4476/1):
>
> ## reWARDS Program Cap and Switch to stETH
> 
> Up to 4m DAI will be authorized for distribution through the [reWARDS multisig](https://research.lido.fi/t/proposal-to-form-rewards-committee/1447) or other marketing incentives as stETH or wstETH from the period ranging June 2023 to December 2023. The effective amount of stETH will be calculated on the basis of a dollar value, once a month, based on the prevailing market price. If a discount on the market rate to ETH is present, DAI from Aragon treasury will be used to acquire stETH first.
> 
> Each following distribution will be authorized either as an Aragon on-chain vote or through the Easy Track Motions process once available.

This proposal was supported in the [snapshot vote](https://snapshot.org/#/lido-snapshot.eth/proposal/0xdf57d5600ca8c0485a17de035afffe3b918e6059a6ba10bec71fb04f4041b41d).

## Proposal

It’s proposed to deploy a new setup of contracts ([TopUpAllowedRecipients](https://github.com/lidofinance/easy-track/blob/develop/contracts/EVMScriptFactories/TopUpAllowedRecipients.sol), [AddAllowedRecipient](https://github.com/lidofinance/easy-track/blob/develop/contracts/EVMScriptFactories/AddAllowedRecipient.sol), [RemoveAllowedRecipient](https://github.com/lidofinance/easy-track/blob/develop/contracts/EVMScriptFactories/RemoveAllowedRecipient.sol) and [AllowedRecipientsRegistry](https://github.com/lidofinance/easy-track/blob/develop/contracts/AllowedRecipientsRegistry.sol)) for further integration with Easy Track.

With these factories it will be possible to transfer funds from the Treasury under a security limit: 2100 stETH for every 3 months.

The following parameters are proposed for the new setup:

> token = 0xae7ab96520DE3A18E5e111B5EaAb095312D7fE84, # stETH
> 
> budget amount = 2\_100 \* 10 \*\* 18, # 2100
> 
> budget period duration (month) = 3, # 3 month
> 
> multisig = 0x87D93d9B2C672bf9c9642d853a8682546a5012B5, # reWARDS multisig
> 
> recipient(s) titles = [”reWARDS multisig”], # reWARDS multisig  
> recipient(s) addresses = [0x87D93d9B2C672bf9c9642d853a8682546a5012B5], # reWARDS multisig.

The current setup for reWARDS in LDO will be disconnected from Easy Track when not needed.

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_[View the full topic](https://research.lido.fi/t/easy-track-setup-for-rewards-in-steth/4620)._