# Proposal to form reWARDS Committee

**URL:** <https://research.lido.fi/t/proposal-to-form-rewards-committee/1447>\
**Category:** Proposals\
**Created:** [December 2, 2021, 10:00pm UTC](https://research.lido.fi/t/proposal-to-form-rewards-committee/1447 "2021-12-02T22:00:10Z")\
**Posts on this page:** 1\
**Showing post:** 37

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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 17, 2023, 7:09am UTC](https://research.lido.fi/t/proposal-to-form-rewards-committee/1447/37 "2023-05-17T07:09:20Z")

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As it was mentioned 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)proposal, reWARDS will be switched to stETH.

> [@\[LIDO-v2\] 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.

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](https://research.lido.fi/t/easy-track-setup-for-rewards-in-steth/4620)

> [@Easy Track setup for reWARDS in stETH](https://research.lido.fi/t/easy-track-setup-for-rewards-in-steth/4620/1):
>
> > 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.

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_[View the full topic](https://research.lido.fi/t/proposal-to-form-rewards-committee/1447)._