Devs have started running the SOV rewards distribution script for the 50k BTC/USDT amm pool. 25k for the rBTC LPs and 25k for the rUSDT LPs
The script will take a minimum of 12 hours to complete because it has to create 1094 individual vesting contracts.
Therefore, we have no way of telling an individual user exactly when THEIR portion of the rewards will appear on their own wallet - so we appreciate your calm patience as this process completes
Update on the SOV reward distribution timings for the 50k BTC/USDT amm pool.
Users will not see their SOV rewards on the dapp until sometime tomorrow.
Long version:
Once again, we missed a detail while developing at hyperspeed in a production environment. No funds are at risk, only a challenge for users' patience to GET THEIR SOV.
The script that was deployed did not include an important variable - disbursal from the individual vesting contracts being created for each user need to be transferred to the staking contract, in order that they can be displayed in the UI of the dapp. This means that not a single user can "see" their SOV rewards.
As explained in the announcement above, the vesting script needs about 12 hours to complete. The choice that the dev team faced when realizing that the initial vesting contracts were not displaying rewards in the dapp was between:
1. stopping the script, and adding the variable, and running it again.
2. letting the script complete, and then running a second script to transfer the rewards from the vesting contract to the staking contract.
Both choices would have resulted in delays to users "seeing" their sov rewards in the dapp. The team chose to let the initial script run, then check for any errors (missed contract creation), then to process any of those by hand which threw errors to make sure of a 100% success rate, and only then to deploy the second script moving the sov from the vesting contract to the staking contract.
The second script that will be run to move from vesting to staking will, however, have an optimization proposed by one of the devs which allows the script to run four transactions at a time instead of one by one as was the case with the initial script deployed. This will decrease the time needed from 12 hours to 3 hours.
Once again, thank you for your patience and trust while we develop Sovryn in realtime with all of you as betatesters.