Hey frens, your friendly green blob back again. While the heat kept rising, Lazy Summer DAO kept shipping. July was a month of deeper strategy discussions, vault expansions, the SUMR token working group kickoff, and more.
Strap in for your governance highlights + DAO metrics.
Keep applying sunscreen and try to beat the leaderboard in the yield racer!!!
Let’s begin with an overview of the forum metrics:
A total of 146 posts were recorded. The overall trend suggests a growing and more active community participation (compared to June recap).
The Daily Active Users to Monthly Active Users ratio averaged 38%, indicating increased users engagement on any given day.
DAO Metrics:
| Parameter | June | July | Trend |
|---|---|---|---|
| Delegates | 507 | 510 | ↑ |
| SUMR Delegated | 343.25M | 348.96M | ↑ |
| DAO Treasury | $102,200 | $129,134 | ↑ |
| SUMR Holders | 4,614 | 4,927 | ↑ |
July saw continued growth in community engagement with an increase in delegates count (+3) and SUMR delegated (+5M), while the DAO treasury increased by $7K, as well as the number of SUMR holders rose by over 300, again.
Protocol Metrics:
| Chain TVL | June | July | Trend |
|---|---|---|---|
| Ethereum | $84.53M | $86.21M | ↑ |
| Base | $19.4M | $15.92M | ↓ |
| Arbitrum | $9.17M | $6.18M | ↓ |
| Sonic | $7.41M | $4.84M | ↓ |
| Total | $120.51M | $113.15M | ↓ |
Total TVL has seen a decrease in July, driven mainly by Base (-$3.5M), Arbitrum (-$3M), Sonic (-$3.4M), while Ethereum saw a slight increase (+$1.7M).
| Assets | June | July | Trend |
|---|---|---|---|
| ETH Pegged | $56.4M | $54.8M | ↓ |
| USD Pegged | $61.9M | $56.7M | ↓ |
| EUR Pegged | $2.1M | $3.2M | ↑ |
EUR-pegged assets continued to gain traction with a $1.1M increase, while USD-pegged assets decreased by over $5M, and ETH-pegged assets dipped by over $2M, reflecting the shift in user preferences, and risk appetite due to market conditions and temporary liquidity crunch in some of the vaults present.
NO USER FUNDS WERE AFFECTED!
*Certain protocols/strategies (ARKs) integrated had an withdrawal queue, which had to be fulfilled before instant liquidity was restored.
Notable RFCs:
- [RFC] Transfer Vault Rewards from staking to Merkl and enable tokenisation of Vault Shares (July 2nd)
published by @chrisb
Proposes transitioning vault rewards from the current staking system to Merkl (or a similar mechanism) to enable the tokenization of Lazy Vault shares, and future products like “Lazy Loops”.
- [RFC] SUMR token upgrade to allow for updated Governance Staking Module (July 3rd)
published by @chrisb
Proposes upgrading SUMR to an upgradeable token to support a new Governance Staking Module with features like lockups, variable rewards, and maintained voting power.
- [RFC] SUMR Transfer Readiness Working Group (July 8th)
published by @jensei
Proposes forming a community-led SUMR Transfer Readiness Working Group to deliver a clear, milestone-based roadmap for responsibly enabling SUMR token transfers.
- [RFC] Gauging Interest: RWA vaults for institutional allocators (July 9th)
published by @samehueasyou
Explores the feasibility and value of launching RWA Vaults within the Lazy Summer Protocol to attract institutional capital. These vaults would offer automated, diversified exposure to tokenized real-world assets.
- [RFC] Bitcoin, baby: Should Lazy Summer have a BTC Fleet? (July 9th)
published by @samehueasyou
Proposes launching a BTC Vault (Fleet) within Lazy Summer that earns yield through a delta-neutral cash and carry strategy using onchain tools like Hyperliquid.
- [RFC] Forum polls for proposal support signaling? (July 9th)
published by @rspa_StableLab
Proposes using forum polls as informal support signals for proposals on the Lazy Summer forum to offer a quick, transparent way to gauge community sentiment.
SIPs in Focus:
- [SIP2.17] Integration of Silo Mainnet - Apostro USDC Frontier (July 1st)
published by @halaprix
Proposes adding the Apostro USDC Frontier vault from Silo Finance to the Mainnet Lower Risk fleet, expanding single-asset USDC strategies with a competitive APR and SILO incentives.
- [SIP2.18] Integration of Silo Arbitrum - USDC Vault (July 1st)
published by @halaprix
Proposes onboarding the Silo USDC vault on Arbitrum to the Lower Risk fleet, adding a high-yield, cross-chain USDC strategy with attractive APR and SILO incentives.
- [SIP2.19] Integration of Silo Sonic - Greenhouse USDC (July 1st)
published by @halaprix
Proposes integrating the Greenhouse USDC vault from Silo Finance into the Sonic Lower Risk fleet, expanding earn-side offerings with a competitive APR and multi-token yield incentives.
- [SIP5.7] Raft Contract Upgrade to Support Auctions of ERC20 tokens reverting on selftransfers (July 10th)
published by @halaprix
Proposes upgrading the Raft contract across all chains (Base, Arbitrum, Mainnet, Sonic) to fix a bug preventing finalization of failed xSilo auctions.
- [SIP2.20] Add sUSDe Strategy to USDC Mainnet – Lower & Higher Risk Vaults (July 23rd)
published by @samehueasyou
Recommends integrating sUSDe into both the Lower and Higher Risk USDC vaults on Ethereum Mainnet.
- [SIP2.21] Adding Lido stETH ARM to ETH Higher Risk Strategy (July 23rd)
published by @pete
Suggests adding Origin’s stETH ARM vault to the Ethereum Mainnet Higher Risk vault. The ARM vault earns yield by arbitraging discounted stETH, redeeming it 1:1 for ETH via Lido’s withdrawal queue.
- [SIP5.8] SUMR TR-WG Charter (July 25th)
published by @jensei
This proposal formalizes the charter for the SUMR Transfer Readiness Working Group (TR-WG).
- [SIP2.22] Onboard Gauntlet USD Alpha to the USDC Base – Lower Risk Vault (July 25th)
published by @samehueasyou
Adding Gauntlet’s USD Alpha strategy to the USDC Base Lower Risk vault.
- [SIP5.9] Upgrading AdmiralsQuarters contracts on all chains to support Merkl claiming (July 30th)
published by @halaprix
Upgrades the AdmiralsQuarters contracts across all chains (Base, Arbitrum, Mainnet, Sonic) to support Merkl reward claiming. It also requests that the new contracts be granted the required
ADMIRALS_QUARTERS_ROLE.
- [SIP5.10] Whitelist multiple addresses on SUMR token for MERKL reward transfer and other rewards (July 30th)
published by @chrisb
Whitelists key addresses on the SUMR token to prepare for the transition of vault rewards to Merkl. It includes Merkl-related contracts needed for distribution and campaign setup, as well as an additional address for distributing SUMR.
Tally Votes:
Published (July 2nd) /
Passed & Executed
Published (July 2nd) /
Published (July 2nd) /
Published (July 2nd) /
Published (July 2nd) /
Published (July 2nd) /
Published (July 10th) /
Published (July 30th) /
Published (July 30th) /
Published (July 30th) /
Published (July 30th) /
Get Involved:
Catch full details and join ongoing discussions on the forum and governance dashboard:
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Discord: https://discord.com/invite/summerfi
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Forum: https://forum.summer.fi
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Onchain Governance: https://gov.summer.fi
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DAO Dashboard: https://dune.com/lazysummer/lazy-summer-dao-governance
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Protocol Dashboard: https://dune.com/lazysummer/lazy-summer-protocol
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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