Hi all,
As many of you probably know, from July 1st, governance can vote to enable transferability of the SUMR token, and as such, start trading on the trading. What I want to do here is start the conversation around what the community, and in particular, delegates, see as the timeline for doing so, and if there are any circumstances or milestones in place prior to this happening. Of course, someone could just put forward a proposal to enable this, and this post is not to advocate against that - I simply want to align Summer Community to allow for the best possible performance of the token once it becomes tradable.
There are many members here with a vast background across DeFi, and I expect some very useful experiences, and I would really like to hear all the thoughts everyone has.
Below I want to share some of my own idea’s, which should not be seen as any sort of exhaustive list, of what I think some trigger points could be. Some of these will likely need to link off to separate RFCs for more in-depth discussion around them if they want to be considered further. Crucially though, I want this to be a kickoff point to bring ideas, thoughts and opinions into the open.
1. Minimum TVL - Do we want to have a TVL value, where we feel the product flywheel is sufficient to enable transferability… be 150m, 175m, 200m etc… something solid that says “From this point, we should be in a good place for the token launch”
2. Treasury deployment - Do we want to have something in place to utilise the treasury, such as buybacks or a strategy of putting it towards liquidity on certain avenues. This I think is probably directly related to the amount - but what, from a technical point of view do we want to have in place before enabling the token transferability that will help support the trading of the token at the start.
3. Protocol Treasury - currently, at the time of writing, this sits at around $88k. What sort of value do we think needs to be in the, if there needs to be a value, in order to enable the trading of the SUMR token to support DEX liquidity perhaps.
4. Liquidity Incentives - what, if any incentives do we want to move to any liquidity markets. Aerodrome immediately comes to the front of my mind as a simple one. The token is issued on Base, and Aerodrome is regularly in the top 3 DEX markets across Ethereum and Solana ecosystem, and the highest trading avenue on Base (source: https://dune.com/hagaetc/dex-metrics). Aerodrome also provides easy ways to incentivise markets, which we could easily do with SUMR for example.
5. Updated staking module - currently, our SUMR staking module as part of governance is very simple, due to the simplistic nature of the token not being transferrable. There are no lockups, there are no benefits for keeping it in longer etc. The staking modules goal at the start was to be an incentive to claim the airdropped SUMR tokens, and delegate them in governance in order to get the flywheel going. As the token moves to become tradeable, it would be wise, in my opinion, to expand the current staking module, creating lock-up incentives and penalties for withdrawing early.
There are likely some other things, how many holders of the tokens etc - there are a number of stats across the various dune dashboards kept up to date by the Summer.fi team. The SUMR token one can be seen here: https://dune.com/lazysummer/sumr-claims
Again, I want to emphasise that these are just very high level thoughts, not an exhaust list of options, and I would very much welcome, and encourage, delegates and the community to input some of their thinking for the enabling of transferability of the SUMR token.
I believe once we are aligned, we can then clearly communicate and work towards enabling the transferability and continue the growth of the Summer Protocol to $1Bn 
Tagging @Recognized_Delegates