[SIP3.10] Governance Staking Rewards Extension

Governance Summer Improvement Proposals [SIPs]
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1. Overview:

The current governance staking rewards program (extended in SIP3.8 by @DAOplomats) is scheduled to expire on October 4, 2025 at 17:20 CET.

This proposal (SIP3.10) seeks to extend governance staking rewards for an additional 25 days. The goal is to bridge the short period until the Lazy Summer DAO transitions to the new Governance Module (Gov v2), which is expected to be live by the end of October and will introduce a redesigned staking mechanism.

2. Motivation:

The SUMR Transfer Readiness Working Group (@TR-WG) recently shared its tentative timeline:

Given this, I propose a short-term extension of SUMR staking rewards to:

  • Encourage continued SUMR claiming and staking; driving wider token distribution.
  • Prevent an incentive gap during the October transition.
    • If proposed and passed onchain during next gov. cycle (01.10.2025), there would be a 2-DAY rewards gap.

3. Specification:

The proposal maintains the same emission rate introduced in SIP3.8, adjusted for 25 days:

Item Value
Reward Token SUMR
Source of Rewards Lazy Summer DAO Treasury (Base)
Reward Rate 7,991 SUMR / day
Total Reward Amount 199,775 SUMR (25 days × 7,991)
Duration 25 days ≈ 2,160,000 sec
Rewards Manager Contract 0xDe61A0a49f48e108079bdE73caeA56E87FfeEF92

4. Voting:

If YES - Extend SUMR governance staking rewards for 25 days under existing parameters.
If NO - Allow the current program to expire on Oct 4.

Onchain payload
  1. Address: 0x194f360D...8aBEa1624 | BaseScan

approve(..)
spender: 0xDe61A0a49f48e108079bdE73caeA56E87FfeEF92
value: 199775000000000000000000

  1. Address: 0xDe61A0a4...87FfeEF92 | BaseScan

setRewardsDuration(..)
rewardToken: 0x194f360D130F2393a5E9F3117A6a1B78aBEa1624
_rewardsDuration: 2160000

  1. Address: 0xDe61A0a4...87FfeEF92 | BaseScan

notifyRewardAmount(..)
rewardToken: 0x194f360D130F2393a5E9F3117A6a1B78aBEa1624
reward: 199775000000000000000000
newRewardsDuration: 2160000

Tagging @Recognized_Delegates for comments/alignment.

–jensei

2 Likes
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I have no objection here.

2 Likes
3

As a SUMR staker, I am supportive of this extension, can’t wait for Gov v2 to go live.

1 Like
4

VOTE:

NOTE: the vote/onchain payload seems to fail tenderly simulation, but this is due to - RewardPeriodNotComplete(); - which is true, but by the time this proposal can get executed, the reward period will be finished (the existing reward period ends 03.10.2025).