# July Rewards Distribution

**URL:** <https://gov.indexcoop.com/t/july-rewards-distribution/2296>\
**Category:** Operational Funding & Payroll\
**Tags:** contributor-rewards\
**Created:** [7 August 2021 00:56 UTC](https://gov.indexcoop.com/t/july-rewards-distribution/2296 "2021-08-07T00:56:03Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![dylan](https://avatars.discourse-cdn.com/v4/letter/d/e95f7d/32.png) [@dylan](https://gov.indexcoop.com/u/dylan)\
**Post date:** [7 August 2021 00:56 UTC](https://gov.indexcoop.com/t/july-rewards-distribution/2296/1 "2021-08-07T00:56:03Z")

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# July Rewards Distribution

## Methodology

The index Contributor Rewards Methodology can be found [here.](https://gov.indexcoop.com/t/october-rewards-distribution-methodology/262)

## July Distribution

The July rewards distribution has been posted [here.](https://docs.google.com/spreadsheets/d/172ITrnbjOQHB5WXnG_Y_Gl4DwA3zEA5-aAR9nOj_5dk/edit#gid=256310856)

## INDEX Valuation

INDEX rewards are first estimated in USD, and then converted to its equivalent INDEX quantity.  
The 20 day rolling average value of INDEX is used to calculate INDEX distribution quantity.  
The 20 day rolling average as of August 7th is calculated as **$24.38 per INDEX**.

## Disputing Rewards

If you feel like there are contributions that we’ve missed, or you feel like there should be adjustments to the rewards amounts, [please fill this form out](https://setlabs.typeform.com/to/jMjgA5z3).

## Claiming Rewards

This month’s reward distribution was completed via [Index Coop Safe Payroll](https://github.com/0xModene/safe-payroll). This is a fork of the native gnosis multisig transaction bundler. We are continuing to iterate on the treasury distribution to improve speed & security of execution.

Rewards have been batched into 6 groups of multisig transactions:  
[Initial Test Transactions](https://etherscan.io/tx/0x92c671ee568fb226abfe8ed36899bacce45288da79a1b0d9b0bf7c3e89cc1e00)  
[First Batch](https://etherscan.io/tx/0x89203ef9198e48c719b87a5c69037e90df1989b77966f6c8cde4298eaecc3506)  
[Second Batch](https://etherscan.io/tx/0x1de6e674d078d1d08401c0d4f6d4ca6dce97bc4ad1e2a084a5a35dfe0f9c14b0)  
[Third Batch](https://etherscan.io/tx/0x9da95766041b8d57693feed9c0b7bb137e1a9793bef239b926219cafb547f9ed)  
[Fourth Batch](https://etherscan.io/tx/0x2066480acb984998f4bead9bfc3bd30c8b02b34a28721c75a1a8666ce0d28c13)  
[Fifth Batch](https://etherscan.io/tx/0x2300fced2893c95af3fe2f46d9819c18dbe1522166b5014a498319940e8d49ba)

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**Author:** ![pvmihalache](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/pvmihalache/32/478_2.png) [@pvmihalache](https://gov.indexcoop.com/u/pvmihalache)\
**Post date:** [7 August 2021 08:09 UTC](https://gov.indexcoop.com/t/july-rewards-distribution/2296/2 "2021-08-07T08:09:02Z")

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Really active month in the Coop! Congratulations everyone 👏

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<div class="post-metadata">

**Author:** ![anon10525910](https://avatars.discourse-cdn.com/v4/letter/a/97f17d/32.png) [@anon10525910](https://gov.indexcoop.com/u/anon10525910)\
**Post date:** [10 August 2021 18:19 UTC](https://gov.indexcoop.com/t/july-rewards-distribution/2296/3 "2021-08-10T18:19:34Z")

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Pulling out of the [spreadsheet](https://docs.google.com/spreadsheets/d/172ITrnbjOQHB5WXnG_Y_Gl4DwA3zEA5-aAR9nOj_5dk/edit#gid=256310856) for added context 👇

 ![Screen Shot 2021-08-10 at 12.59.37 PM](https://canada1.discourse-cdn.com/flex027/uploads/theindexdao/original/2X/6/6e43fdda667befdca6d83c4d6e6f203da6c8d375.png)

**INDEX spent on rewards - July:** 12,930.64 INDEX ($249,440.16)

**Funding Council - funds remaining** : 54,921.69 INDEX // ~$2.1MM ([Etherscan](https://etherscan.io/address/0xe2250424378b6a6dC912f5714cfd308a8D593986))