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What is a monitoring address?

A monitoring address is a blockchain address that Paxos monitors daily for eligible activity tied to the Global Dollar Network. We recommend adding any addresses you expect to hold, receive, or mint USDG as a monitoring address in order to receive rewards for all of your USDG on-chain activity.
Monitoring addresses must be added by month end (23:59 UTC+0) in order to earn rewards for that month. Addresses added after month end will start earning rewards for the following month.

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Add a monitoring address

  1. Go to the Rewards tab in the Paxos Dashboard
  2. Click Add Monitoring Address
  3. Enter:
  • Network
  • Address
  • (Optional) Nickname
  1. Click Submit
Adding a new address Once you submit monitoring addresses, Paxos will validate that the format of the address is valid for a chosen network. Invalid addresses will be individually flagged and must be resolved or removed before you can upload a batch of monitoring addresses. Paxos validates addresses using the following address format standards:
For Solana, derived addresses (such as ATA’s) are NOT supported. Paxos derives the token accounts associated with your standard Solana wallet addresses. If you are a more advanced user and need support for derived addresses, please email gdn-rewards@paxos.com.

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View monitoring addresses

See your list of monitored addresses, including:
  • Network
  • Address
  • Nickname (if provided)
  • Date added
Additionally, you can search by nickname, the address itself, or filter by network. You can also export your list of addresses directly from the Dashboard by clicking our Export icon. Monitored Addresses

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Required Permissions

You need a role with the “update monitoring addresses” permission (i.e. Treasurer) to perform this action.

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FAQs

What’s the difference between a monitoring address, a withdrawal address, and a payout address? A monitoring address is used by Paxos to determine how much your organization has earned in rewards by holding, minting, and accepting USDG on-chain. A withdrawal address is an address your organization has registered with Paxos and can receive funds to on-chain from Paxos. A payout address is designated withdrawal address where Paxos will pay out your USDG rewards Can I edit a monitoring address? You can edit the nickname. Network and address are permanent. If you need to change a monitoring address, simply add a new address via the steps above. Can I delete a monitoring address? No. If unused, a monitoring address will simply earn 0 rewards. For bookkeeping purposes, we plan to introduce the ability to “delete” a monitoring address later in 2025. When do I need to add monitoring addresses by? Before the last calendar day of the month at 23:59 UTC+0. How does Paxos validate if a monitoring address is valid? We validate addresses using standard address formatting conventions: