There are two updates that the community should be aware of:
Referral Program Reform
-A discussion on reforming the referral program has been ongoing to allocate more funding for the referral program and change the amount of rewards that are earned. Referral Program Reform
Error in rewards calculation and reimbursement
The way that LDO referral rewards were being calculated from periods 5 through 8 were incorrect and some referral partners will be receiving additional LDO rewards for period 19.
According to Lido’s terms and conditions rewards are calculated 14-day TWAP(Time weighted average price) from the end of a 14-day payment period. However, during periods 5 through 8, rewards were being calculated 14-day TWAP from the beginning of a payment period. This was incorrect. This error was discovered after a referral partner did some accounting and found some irregularities in rewards they should be entitled to.
After Lido confirmed the error we went back and took account of all the referral partners that should have earned more rewards during those periods. To see if you are intitled to more rewards see the following google doc:
(Referral Program Discrepancy - Google Sheets)
For period 19, these discrepancies will be included in the payout through direct payments or through our partnership with Deversifi L2 solution.
If you have more questions or concerns about how rewards are calculated or how we discovered the errors please reach out to me at discord at frontalpha#0210 or twitter at @frontalpha_eth