[LIDO-v2] May 1, 2023 - December 31, 2023 | Lido Ongoing Grant Request

[zuzu_eeka]

As mentioned in the initial proposal, reWARDS will be switched to stETH.

@steakhouse

reWARDS Program Cap and Switch to stETH

Up to 4m DAI will be authorized for distribution through the reWARDS multisig 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.

For this purpose, a setup of contracts will be deployed for further connection to Easy Tack.
Parameters for new contracts are posted here: Easy Track setup for reWARDS in stETH

@zuzu_eeka

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.

Feel free to comment.