# June Rewards Distribution

**URL:** <https://gov.indexcoop.com/t/june-rewards-distribution/1917>\
**Category:** Operational Funding & Payroll\
**Tags:** contributor-rewards\
**Created:** [9 July 2021 14:25 UTC](https://gov.indexcoop.com/t/june-rewards-distribution/1917 "2021-07-09T14:25:56Z")\
**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:** [9 July 2021 14:25 UTC](https://gov.indexcoop.com/t/june-rewards-distribution/1917/1 "2021-07-09T14:25:56Z")

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# June Rewards Distribution

## Methodology

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

## June Distribution

The June rewards distribution has been posted [here.](https://docs.google.com/spreadsheets/d/1a22pvVTVBi31RZC4ws_SgReakm-cFjImpK-WfcVyESY/edit#gid=0)

## 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 July 7th is calculated as **$20.25 per INDEX** [here.](https://docs.google.com/spreadsheets/d/1ImauyHRrqD7hw1CxD9MYd3r7sD28PG2PmAkUAlsY04w/edit#gid=716526835&range=W210)

INDEX closing price data [from Coingecko](https://www.coingecko.com/en/coins/index-cooperative/historical_data/usd? __cf_chl_jschl_tk__ =148d7529f1c30f16ebbbb78a4d54931cc957c77c-1606856585-0-AdiS1P7-bJIvvUvhKmS5LwCYXZik_2xff9kr_i89d7i7MjXWZa95stBWyCkR2dTe0Lok8eUHjHNeLBGbMkTdHRnnDD8h2cDGGDKSL2Uc_hNQQjPKVr-woH67gLm0Y3X7pYTTOyjLZRd4e7ptYL4hoNEc86dsp3OPbyiVEADasrGEbymkH6H53nIPWFYYN3QGRETPUr-eb-C3tO--wGW_9tk5oYMgpMubesbGsKhEFLYlM8wU513hpguEEk_Y9mz-kh9W3NBhMkkIqlStqZsmPgpOmtCkDpgJigsyqMJCR3C4V3olZfR_iXbjGKAkBlma1AGJP2jBoWGjHSlp7s8NB0-WxTlAXg5-lk238gXZ-rK_KpXZ4vKSRrRToKVm-NsnnA#panel) is used to populate the spreadsheet above.

## 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 will be done via [disperse.app](https://disperse.app/). This is a gas efficient token or ETH distributor contract written by Yearn’s banteg. INDEX tokens will deposited to contributor’s wallets directly.

Rewards have been distributed here:

> **[Ethereum Transaction Hash: 0x031c461ab5... | Etherscan](https://etherscan.io/tx/0x031c461ab554c3f6955c537f316b9fbac68d90e40d151a431f5f3e30a4043f36)**
>
> Call Exec Transaction Function By 0xF8526Cd4...EdE4bd513 on 0xe2250424...a8D593986 | Success | Jul-09-2021 05:24:01 PM (UTC)

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<div class="post-metadata">

**Author:** ![mel.eth](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/mel.eth/32/3539_2.png) [@mel.eth](https://gov.indexcoop.com/u/mel.eth)\
**Post date:** [9 July 2021 19:13 UTC](https://gov.indexcoop.com/t/june-rewards-distribution/1917/2 "2021-07-09T19:13:03Z")

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Thanks @dylan !!!

Point me to the relevant post if I missed it, but was there a discussion of claim vs. distribute, as ‘claim’ can have some pretty solid tax advantages for US contributors with a low time preference?

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<div class="post-metadata">

**Author:** ![dylan](https://avatars.discourse-cdn.com/v4/letter/d/e95f7d/32.png) [@dylan](https://gov.indexcoop.com/u/dylan)\
**Post date:** [12 July 2021 13:45 UTC](https://gov.indexcoop.com/t/june-rewards-distribution/1917/3 "2021-07-12T13:45:56Z")

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Hey Mel, there was no public discussion regarding that. It was a decision made by TC to save on engineering costs.

TC has the power to choose to distribute contributor rewards however it wants, but if the tax disadvantages are significant, contributors can make the case to TC to go back to the old system/change to a new distribution process.