# \[SIP3.11.5\] Delegate Rewards Distribution (February)

**URL:** <https://forum.summer.fi/t/sip3-11-5-delegate-rewards-distribution-february/764>\
**Category:** Summer Improvement Proposals \[SIPs\]\
**Tags:** sip3, delegate-comp, aerodrome-meta, february\
**Created:** [March 9, 2026, 11:11am UTC](https://forum.summer.fi/t/sip3-11-5-delegate-rewards-distribution-february/764 "2026-03-09T11:11:28Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![jensei](https://yyz1.discourse-cdn.com/flex009/user_avatar/forum.summer.fi/jensei/32/69_2.png) [@jensei](https://forum.summer.fi/u/jensei)\
**Post date:** [March 9, 2026, 11:11am UTC](https://forum.summer.fi/t/sip3-11-5-delegate-rewards-distribution-february/764/1 "2026-03-09T11:11:28Z")

</div>

### 1. Overview:

This proposal continues the delegate compensation program first approved in **[[SIP5.6]](https://forum.summer.fi/t/sip5-6-retroactive-compensation-for-delegates/229)**, this time applying it to **February 2026**. The goal is to sustain high-quality governance engagement and reward meaningful participation from active delegates across Lazy Summer Protocol governance.

> Extending **[[SIP3.11.4]](https://forum.summer.fi/t/sip3-11-4-delegate-rewards-distribution-january/715)** (January Distribution) to **[SIP3.11.5]** (February Distribution).

This proposal includes the 2nd distribution of rewards to [Aerodrome Metagovernance](https://forum.summer.fi/t/sip5-18-aerodrome-metagovernance/652) signers.

* * *

### 2. Motivation:

Active and accountable delegates remain a cornerstone of protocol governance. February 2026 focused heavily on formalizing operating standards around DAO-risk-managed capital, improving governance tooling, and increasing transparency around risk, reporting, and incentives. Compensating delegates for their time and contributions ensures continued accountability and engagement.

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### 3. Specification:

| **Item** | **Value** |
| --- | --- |
| Rewards Token | **[SUMR](https://basescan.org/token/0x194f360D130F2393a5E9F3117A6a1B78aBEa1624)** |
| Source of Rewards | Lazy Summer **[DAO Treasury](https://basescan.org/address/0x447bf9d1485abdc4c1778025dfdfbe8b894c3796)** (Base) |
| Total Distribution Amount | **320,529.98 SUMR** |
| Distribution Schedule | One-time disbursement following onchain approval |
| Eligibility Period | February 1st – February 28th (2026) |
| Distribution Method | Direct transfer to verified delegate wallet addresses |

#### 3.1 Aerodrome Metagovernance Stipend

As covered in the [**[SIP5.18]**](https://forum.summer.fi/t/sip5-18-aerodrome-metagovernance/652) the Aerodrome Metagovernance signers requested to include a monthly payment. Labs Co team members (@chrisb, @halaprix, @jensei) has confirmed waiver of their stipend - therefore, the DAO spending on monthly payment now includes @MasterMojo and @Sixty in February delegate rewards distribution.

##### 3.1.1 Stipend Calculation Methodology

1. **Daily Prices & Volumes Used**

| **Date** | **Close Price (USD)** | **Volume (USD)** |
| --- | --- | --- |
| Feb 06 2026 | 0.00476260 | 90,699 |
| Feb 07 2026 | 0.00550993 | 55,374 |
| Feb 08 2026 | 0.00551202 | 49,897 |
| Feb 09 2026 | 0.00476282 | 15,286.68 |
| Feb 10 2026 | 0.00448732 | 58,211 |
| Feb 11 2026 | 0.00418714 | 17,242.12 |
| Feb 12 2026 | 0.00418000 | 13,421 |
| Feb 13 2026 | 0.00403000 | 12,211 |
| Feb 14 2026 | 0.00396000 | 11,443 |
| Feb 15 2026 | 0.00385000 | 10,995 |
| Feb 16 2026 | 0.00371000 | 9,872 |
| Feb 17 2026 | 0.00366000 | 8,942 |
| Feb 18 2026 | 0.00361000 | 8,305 |
| Feb 19 2026 | 0.00354000 | 7,884 |
| Feb 20 2026 | 0.00349000 | 7,401 |
| Feb 21 2026 | 0.00341000 | 6,973 |
| Feb 22 2026 | 0.00332000 | 6,401 |
| Feb 23 2026 | 0.00318000 | 5,992 |

> _ **Source dataset:** CoinGecko [historical export](https://www.coingecko.com/en/coins/summer-2/historical_data?start=2026-01-31&end=2026-02-28)._

1. **Volume-Weighted Average Trading Price (VWAP)**  
For VWAP we need price×volume. We will exclude first and last 5 days of the month from the VWAP weighting\* (meaning VWAP is for Feb 06-23).

`VWAP (Feb 06–23) ≈ $0.004598`

1. Convert $500 to SUMR

- 500/0.004598 ≈ **108,715 SUMR**

1. Transfer 500 USDC to each signer to lift up the strain on SUMR in the DAO Treasury (Total 1000 USDC).

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### 4. Risk Assessment:

- Onchain vote will authorize SUMR disbursement from the DAO Treasury.
- Delegate participation data was sourced from the **[Lazy Summer Governance Dashboard](https://dune.com/lazysummer/lazy-summer-dao-governance)**.
- The final delegate list and breakdown is made publicly available **[here](https://docs.google.com/spreadsheets/d/e/2PACX-1vTOcW98nSMK1XdSVZ268c3M6MCqY-xvlr7Ji1GUjk0v9V_iXJfrpqE1wxJW1JcvRAaSb6LApoz3xonx/pubhtml#gid=2049716065)**.
- Any entity may only receive compensation through a single verified delegate address.
- Suspected Sybil delegates will be excluded, subject to verification by [@Recognized\_Delegates](https://forum.summer.fi/groups/recognized_delegates).

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### 5. Voting:

> If **YES** - Approve **320,529.98 SUMR** disbursement to eligible **February** delegates.

> If **NO** - Do not compensate for **February** ; continue with further discussion.

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Tagging [@Recognized\_Delegates](https://forum.summer.fi/groups/recognized_delegates) for a check up as always.

–jensei