Hi. Where did you find the reimbursement eligibility list? Can you share the link? Tks
My frist thought on this is about socializing losses
Vaults need to have a pause feature that can react to issues like this which pause all deposit and withdraws. Then losses are socialized
Anyone that frontruns the pause it just a skill/attention factor and should be not be considered what is âfairâ
That said the messaging of Sumr is to give people freedom from needing these skills/attention and therefore to maintain this brand, i support some level of reimburment. but not 100% as we all know we are taking risks everywhere we deposit in DeFi.
i have been victim to many projects that slow rug these situations. This is obv unacceptable for any project thats wants sustainability.
âŚ
insurance is hard . aaveâs sAAVE is interesting, as it
- gives utility to govTOKEN,
- puts all token holders (staked or not) as risk as any payout in govTOKEN will likely be sold for lost token, This encourages more eyes on this risk
- save the treasury from having to hold USDC as insurance.
There is a possibility here of doing a hybrid system, of sSUMR insurance while Teasury builts up assets (USDC, ETH) to cover future losses. So it makes for sSUMR token stakers with long term vision, to have the best upside. simply said, backstop for now but stop when not needed anymore, and earn lvUSDC, SUMR all the while.
this might need redeployment of staking contract to allow for the removal of SUMR to payout claims.
That said, i dont think any insurance should ever pay out 100%, and should also have a max CAP, like 1M USD, 10M USD etc.. some ratio of total TVL.
Lastly, avoidance is the key here.
2 Likes
Spinning out a first topic specific RFC: [RFC] Arbitrum USDC Vault (OLD) User Reimbursement
Thanks for the proposal.
I support the reimbursement in SUMR of 84% . Immediate SUMR pricing at TTE seems too risky as initial prices can be extremely volatile (in both directions).
1 month or even 3 months vesting - looks like a sweetspot to me.
I would also support some kind of mediation to @BlockAnalitica for co-sharing the bill.
By no means I am not voting for promising SUMR at its â30d average priceâ.
Câmon guys, there is $1.1M+ at stake, we need be a little more precise than â30d average priceâ.
-
Letâs define the data points precisely,
e.g. âaverage of 30 numbers: last 30 daily-close prices at some-concrete-exchange-name: SUMR/WETH pairâ.
(letâs improve this defintion further) -
Also plain mean function here, can be deceptive. Imagine prices at token trading debut going through the roof
or âstrategicallyâ dropping down significantly 
. It may affect the âfairâ valuation.
Therefore, I propose dropping 5 top and 5 bottom outliers out of these 30 numbers before calculating mean. Hence, the âmiddleâ 20 numbers would be averaged.
2 Likes
We are now in February 2026 already. Is there any new about timelines for the reimbursement?
2 Likes
This conversation has evolved dramatically as the SUMR token has started trading - to the point of reverting to longer timeframe USDC-based reimbursement from a % of protocol revenue.
@Didier @techsqrt - would love to hear your thoughts here: [RFC] Arbitrum USDC Vault (OLD) User Reimbursement
1 Like
Will be any compensation? I believe not. People should be advised about risks of this protocol!
Sadly, this is what happened
1 Like
I wouldnât hold my breath waiting for a reimbursement, it wonât happen. I used to recommend Oasis (now Summer) to anyone who asked me about crypto and investments in general, but this issue showed the true colors of the platform. Now I wouldnât trust them with Monopoly money.
2 Likes