Hey frens, your friendly green blob reporting back after another month of governance and building. August was packed with progress: loads of new ARKs (strategies) proposed and executed, Fluidkey integration went live, SUMR @TR-WG shared important notes, and the DAO treasury reached new highs.
Grab your sunglasses, here is your August recap of governance highlights & Lazy Summer DAO metrics.
Don’t forget to hydrate, and if you haven’t yet, check out the Fluidkey x Lazy Summer Protocol integration here!!!
Let’s begin with an overview of the forum metrics:
A total of 100 posts were recorded in August, down from July’s activity but still showing consistent governance discussions.
The DAU/MAU ratio averaged 30%, slightly lower than July (38%), suggesting that while participation is steady, daily activity dipped a bit compared to the hotter July debates.
DAO Metrics:
| Parameter | July | August | Trend |
|---|---|---|---|
| Delegates | 510 | 514 | ↑ |
| SUMR Delegated | 348.96M | 353.62M | ↑ |
| DAO Treasury | $129,134 | $159,825 | ↑ |
| SUMR Holders | 4,927 | 5,046 | ↑ |
Delegate count climbed by +4 and delegated SUMR grew by almost 5M, showing ongoing confidence in Lazy Summer governance. The treasury crossed the $150K mark, adding ~$30K in a single month. SUMR holders rose by over 100, sustaining steady community growth.
Protocol Metrics:
| Chain | July | August | Trend |
|---|---|---|---|
| Ethereum | $86.21M | $114.27M | ↑ |
| Base | $15.92M | $21.96M | ↑ |
| Arbitrum | $6.18M | $6.39M | ↑ |
| Sonic | $4.84M | $6.01M | ↑ |
| Total | $113.15M | $148.61M | ↑ |
Total TVL surged by $35M in August, driven primarily by Ethereum (+$28M) and Base (+$6M). Every chain saw growth.
| Asset Type | July | August | Trend |
|---|---|---|---|
| ETH-pegged | $54.8M | $82.85M | ↑ |
| USD-pegged | $56.7M | $65.92M | ↑ |
| EUR-pegged | $3.2M | $3.54M | ↑ |
ETH-pegged assets soared (+$28M), USD-pegged climbed +$9M, and EUR-pegged continued its steady growth with +$0.3M. This mix shows a broad expansion across all asset types, which is great to see.
Notable RFCs:
- [RFC] Onboarding infiniFi siUSD into Summer.fi USDC mainnet vault (August 1st)
published by @Valbpereira
Proposes adding siUSD, the staked version of infiniFi’s iUSD, to Lazy Summer Protocol USDC Mainnet Lower Risk vault.
- [RFC] Onboard USDC and ETH Fleet - Optimism Mainnet (August 12th)
published by @MasterMojo
Proposes exploring USDC and ETH vault deployment on Optimism Mainnet using Moonwell, Aave, and Sky as yield sources. It also suggests pursuing Optimism Growth Grants to support the launch.
- [RFC] SUMR TR-WG Checklist (August 20th)
published by @rspa_StableLab
This RFC introduces a comprehensive readiness checklist developed by the Transferability Working Group to guide SUMR’s transition to being transferable.
SIPs in Focus:
- [SIP3.6] Delegate Rewards Distribution (July) (August 1st)
published by @jensei
Authorizes the distribution of 148,999.97 SUMR from the DAO Treasury to compensate active delegates for their governance participation in July 2025.
- [SIP2.23] Onboard Gearbox USDC curated by Invariant – Higher Risk Vault (August 1st)
published by @desnakeee.eth
Adds the Gearbox USDC Pool, curated by Invariant, to the USDC Higher-Risk Vault on Ethereum mainnet.
- [SIP5.5.1] July Payouts for Referral Campaign (SIP5.5) (August 5th)
published by @chrisb
Outlines the July 2025 payouts for the previously approved referral campaign (SIP5.5), distributing 19,053.77 SUMR and 687.48 USDC to 226 participants on Base.
- [SIP3.7] Enable MERKL Rewards on all vault markets (August 8th)
published by @chrisb
Moves vault rewards from Lazy Summer staking contracts to MERKL, enabling transferable and composable Vault Tokens across DeFi.
- [SIP2.24] Update ARKs from core protocols on mainnet fleets (USDC/WETH/USDT) (August 12th)
published by @samehueasyou
Adds a wide set of new strategies from Morpho, Euler, and Silo to the USDC, WETH, and USDT vault fleets on Ethereum Mainnet.
- [SIP2.25] Update ARKs from core protocols on Base fleets (USDC/WETH) (August 12th)
published by @samehueasyou
Adds new Morpho and Euler strategies to the USDC and WETH vault fleets on Base.
- [SIP2.26] Update ARKs from core protocols on Arbitrum fleets (USDC/USDT) (August 12th)
published by @samehueasyou
Adds new Morpho, Euler, and Silo-managed strategies to the USDC and USDT vault fleets on Arbitrum.
- [SIP2.27] Full Support for Morpho ARKs on Arbitrum (August 12th)
published by @samehueasyou
Adds all live Morpho vaults (USDC, USDT, WETH) on Arbitrum to maximize yield access.
- [SIP3.8] Governance Staking Rewards extension (August 18th)
published by @Baer_DAOplomats
Recommends a 40-day extension of the existing governance staking rewards for SUMR tokens on Base.
- [SIP2.28] Onboard Gearbox USDC curated by Tulipa Capital – Higher Risk Vault (August 18th)
published by @desnakeee.eth
Recommends adding the Tulipa Capital Gearbox USDC Pool as a new ARK in Lazy Summer Protocol’s USDC Higher-Risk Vault on Ethereum Mainnet.
- [SIP2.29]: Onboard Gearbox cp0xLRT Pool - ETH Higher Risk Vault (August 26th)
published by @cp0x
Seeks to add the Gearbox cp0xLRT wstETH v3 pool as a new ARK strategy in the Lazy Summer Protocol ETH Higher Risk Vault on Ethereum Mainnet.
- [SIP5.11] Multi-Chain Fleet Token Transferability Enablement (August 27th)
published by @chrisb
Enables token transferability for all active Fleet Commanders across Base, Arbitrum, Mainnet, and Sonic, aligning with the protocol’s move to Merkl-based rewards (SIP3.7).
Tally Votes:
Published (August 6th) /
Cancelled
Published (August 6th) /
Passed & Executed
Published (August 6th) /
Published (August 8th) /
Published (August 13th) /
Published (August 13th) /
Published (August 13th) /
Published (August 13th) /
Published (August 13th) /
Published (August 13th) /
Published (August 20th) /
Published (August 20th) /
Published (August 20th) /
Published (August 27th) /
SUMR Transfer Readiness Working Group:
The SUMR @TR-WG contributors shared two insightful contributions:
- Tech & Protocol - Gov v2 (90% done, as reported by @halaprix): removing vote decay & simplifying participation. New staked SUMR (xSUMR/sUMR) coming soon with robust staking contracts.
- Tokenomics & Liquidity - Liquidity plan v0.1 (reported by @TokenBrice): targeting $1M TVL in SUMR//ETH/USDC pools via POL + incentives. Partnerships [OETH, BOLD, Aerodrome] explored to strengthen launch liquidity.
Together, these notes mark strong progress toward preparing SUMR for the next phase; enabling the transferability → Late Sep - Early Oct, 2025 (according to the checklists tentative timeline)
Get Involved:
Catch full details and join ongoing discussions on the forum and governance dashboard:
- Discord: Summer.fi
- Forum: https://forum.summer.fi
- Onchain Governance: https://gov.summer.fi
- Calendar: Notion
- DAO Dashboard: https://dune.com/lazysummer/lazy-summer-dao-governance
- Protocol Dashboard: https://dune.com/lazysummer/lazy-summer-protocol
- Token Dashboard: https://dune.com/lazysummer/sumr-claims
Shout out all the @Recognized_Delegates for doing the work!
See you on the Discord or Forum;
–jensei