Lazy Summer Governance Recap [May 2025]

[jensei]

Hey everyone, it’s jensei here with your monthly governance roundup. May was a month focused on bringing RFCs into Improvemen Proposals and onchain votes for the Lazy Summer DAO, with strategic integrations, and community discussions shaping our path forward.

Let’s dive into the highlights:

Governance News and Builds in Focus:

1. Spawned from the discussions on the forum, the following flowchart/DAO governance process was suggested:

2. Another community build was announced to help transparency and information seeking about the proposals and discussions live:

dao-calendar

3. Ever wondered wether the onchain proposal executive code aligns with what has been proposed on the forum? The proposal validator app has been built by @halaprix bringing verification of raw data closer to the non-technical delegates:

proposal-validator

Notable RFCs:

• [RFC] Adjust Governance Parameters: Reduce Execution Delay & Voting Period (May 8th)
  published by @jensei

  Proposes reducing the voting period from 5 to 3 days and the execution delay from 2 to 1 day on Base Network to enhance governance efficiency.

• [RFC] Onboard GHO Fleet – Mainnet (May 8th)
  published by @jensei

  Suggests launching a new GHO stablecoin vault on Ethereum Mainnet to diversify stablecoin offerings and capitalize on emerging yield opportunities.

• [RFC] Onboard new Silo markets to Sonic USDC Fleet (May 16th)
  published by @halaprix

  Recommends integrating three Silo Finance USDC vaults on the Sonic network to provide users with approximately 9.5% APR through combined native interest and token rewards.

• [RFC] Onboard Summer.fi branded USDC and ETH Term Strategy Vaults into Lazy Summer’s high risk strategy (May 16th)
  published by @billywelch

  Proposes incorporating Summer.fi branded USDC and ETH Term Strategy Vaults into the high-risk strategy to leverage fixed-rate lending and idle liquidity for enhanced yields.

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SIPs in Focus:

Governance brought up 12 Summer Improvement Proposals (SIPs) formalizing forum discussions:

• [SIP1.5] Onboard USDC Fleet - Mainnet, Higher Risk (May 5th)
  published by @samehueasyou

  Proposes launching a higher-risk USDC vault on Ethereum Mainnet, aggregating diverse strategies like lending, farming, and real-world credit to attract yield-seeking users.

• [SIP2.8] Adding Fluid to ETH Higher Risk Strategy (May 5th)
  published by @samehueasyou

  Suggests integrating Fluid Lite ETH into the ETH Higher Risk vault to diversify yield sources and tap into Fluid’s unique liquid staking model.

• [SIP5.5] Enable onchain referrals and update AdmiralQuarters contracts on all chains to support Referral Codes (May 7th)
  published by @chrisb

  Introduces an onchain referral program by updating AdmiralQuarters contracts across all chains, incentivizing both users and integrators with SUMR rewards.

• [SIP3.4] Extend and Adjust Vault Rewards Emissions (May 7th)
  published by @jensei

  Extends vault rewards for another 90 days across all supported chains, adjusting emission rates to maintain momentum and attract capital ahead of token transferability.

• [SIP4.1] Adjust Governance Parameters (May 14th)
  published by @0xtucks

  Proposes reducing the voting period and execution delay to streamline governance processes and enhance protocol agility.

• [SIP2.10] Adding superOETH to ETH Higher Risk Strategy (May 15th)
  published by @pete

  Suggests incorporating superOETH into the ETH Lower Risk vault to diversify assets and optimize yield strategies.

• [SIP2.9] Adding OETH to ETH Higher Risk Strategy (May 16th)
  published by @pete

  Recommends adding OETH to the ETH Higher Risk vault to expand exposure to different ETH-based yield opportunities.

• [SIP2.7] Integrate Morpho Smokehouse ETH as a New ARK in Summer ETH Vault (May 26th)
  published by @samehueasyou

  Proposes integrating Morpho Smokehouse ETH as a new ARK to enhance the ETH vault’s strategy mix and yield potential.

• [SIP5.6] Compensation for Delegates (May 26th)
  published by @jensei

  Introduces a compensation framework for delegates to acknowledge their contributions and encourage active participation in governance.

• [SIP2.11] - Adding new Silo Vaults to USDC.e Sonic vault (May 28th)
  published by @halaprix

  Suggests adding new Silo vaults to the USDC.e Sonic vault to diversify strategies and improve yield performance.

• [SIP2.12] - Adding new Term finance ark to ETH Higher Risk Strategy (May 28th)
  published by @halaprix

  Proposes incorporating a new Term Finance ARK into the ETH Higher Risk strategy to enhance yield diversification.

• [SIP2.13] - Adding new Term finance ark to USDC Higher Risk Strategy (May 28th)
  published by @halaprix

  Recommends adding a new Term Finance ARK to the USDC Higher Risk strategy to expand and diversify yield-generating avenues.

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Tally Votes:

In May we saw 15 governance votes completed on Tally:

• SIP5.5 Enable onchain referrals and update AdmiralQuarters contracts

  Published (May 7th) / Passed

• SIP3.4 Extend and Adjust Vault Rewards Emissions

  Published (May 7th) / Passed

• SIP2.6: Add 1 Ark to LazyVault_LowerRisk_USDC Fleet on mainnet

  Published (May 15th) / Passed

• SIP1.5: Cross-chain Fleet Deployment: LazyVault_HigherRisk_USDC on mainnet

  Published (May 15th) / Passed

• SIP4.1: Adjust Governance Parameters

  Published (May 15th) / Passed

• SIP2.9: Add 1 Ark to LazyVault_HigherRisk_WETH Fleet on mainnet

  Published (May 16th) / Passed

• SIP2.10: Add Ark to LazyVault_LowerRisk_WETH Fleet

  Published (May 16th) / Passed

• SIP3.5: Extend and Adjust Vault Rewards Emissions on Sonic

  Published (May 16th) / Passed

• SIP2.5: Add 1 Ark to LazyVault_LowerRisk_USDT Fleet on mainnet

  Published (May 27th) / Passed

• SIP2.7: Add 1 Ark to LazyVault_HigherRisk_WETH Fleet on mainnet

  Published (May 28th) / Passed

• SIP2.8: Add 1 Ark to LazyVault_HigherRisk_WETH Fleet on mainnet

  Published (May 28th) / Passed

• SIP2.11: Add 3 Arks to LazyVault_LowerRisk_USDCe Fleet on sonic

  Published (May 28th) / Passed

• SIP2.13: Add 1 Ark to LazyVault_HigherRisk_USDC Fleet on mainnet

  Published (May 28th) / Passed

• SIP2.12: Add 1 Ark to LazyVault_HigherRisk_WETH Fleet on mainnet

  Published (May 28th) / Passed

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As we transition into June, our aim shifts again to exploring innovative strategies on our way to $1B TVL and new possible integrations, so we can bring the lazy summer closer to end users. Your continued engagement and feedback are invaluable as we navigate the evolving DeFi landscape together. Shout out all the @Recognized_Delegates for doing the work!

See you on the forum; your friendly green blob.

–jensei

[MasterMojo]

I love these recaps!

Thanks so much

[jensei]

thank you for your kind words @MasterMojo! I would like to add some metrics to these recaps going forward, if you have any notes for me to improve these, shoot them my way!

[MasterMojo]

Jensei: Metrics are hard for governance; if you want some metrics for governance look into number of delegates (increase or decrease from previous month), Treasury asset balance, Token owners, SUMR delegated (and include %), # of active delegates. I think you could pull numbers easily from your Dune: https://dune.com/lazysummer/lazy-summer-dao-governance

I think something that could be useful to see is a monthly protocol metrics with this:

• Top 5 vaults for the month and APY (you guys do this weekly now)
• Deposits for the month (maybe include the largest deposit for the month)
• TVL (include a % from previous month)
• Token breakdown (include chains breakdown too)

This is just a start but helps. Id love to help if your interested just reach out!