# \[SIP3.11.6\] Delegate Rewards Distribution (March)

**URL:** <https://forum.summer.fi/t/sip3-11-6-delegate-rewards-distribution-march/794>\
**Category:** Summer Improvement Proposals \[SIPs\]\
**Tags:** sip3, delegate-comp, aerodrome-meta, march\
**Created:** [April 1, 2026, 12:37pm UTC](https://forum.summer.fi/t/sip3-11-6-delegate-rewards-distribution-march/794 "2026-04-01T12:37:31Z")\
**Posts on this page:** 1\
**Showing post:** 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:** [April 1, 2026, 12:37pm UTC](https://forum.summer.fi/t/sip3-11-6-delegate-rewards-distribution-march/794/1 "2026-04-01T12:37:31Z")

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### 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 **March 2026**. The goal is to sustain high-quality governance engagement and reward meaningful participation from active delegates across Lazy Summer Protocol governance.

> Extending **[[SIP3.11.5]](https://forum.summer.fi/t/sip3-11-5-delegate-rewards-distribution-february/764)** (February Distribution) to **[SIP3.11.6]** (March Distribution).

This proposal includes the 3rd 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. March 2026 focused on compensation and rewards distribution, fees, security, and improving governance tooling. 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 | **440,065.99 SUMR** |
| Distribution Schedule | One-time disbursement following onchain approval |
| Eligibility Period | March 1st – March 31th (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 March delegate rewards distribution.

##### 3.1.1 Stipend Calculation Methodology

1. **Daily Prices & Volumes Used**

| Date | Close Price (USD) | Volume (USD) |
| --- | --- | --- |
| Mar 05 | 0.00342 | 7,850 |
| Mar 06 | 0.00338 | 7,420 |
| Mar 07 | 0.00335 | 6,980 |
| Mar 08 | 0.00333 | 6,540 |
| Mar 09 | 0.00329 | 6,210 |
| Mar 10 | 0.00326 | 5,980 |
| Mar 11 | 0.00322 | 5,740 |
| Mar 12 | 0.00319 | 5,420 |
| Mar 13 | 0.00317 | 5,110 |
| Mar 14 | 0.00315 | 4,880 |
| Mar 15 | 0.00312 | 4,540 |
| Mar 16 | 0.00310 | 4,210 |
| Mar 17 | 0.00308 | 3,990 |
| Mar 18 | 0.00305 | 3,740 |
| Mar 19 | 0.00303 | 3,981.86 |
| Mar 20 | 0.00300 | 398.99 |
| Mar 21 | 0.00301 | 5,812.62 |
| Mar 22 | 0.00302 | 644.71 |
| Mar 23 | 0.00299 | 490.91 |
| Mar 24 | 0.00296 | 398.80 |
| Mar 25 | 0.00296 | 4,415.65 |
| Mar 26 | 0.00297 | 148.11 |

> _ **Source dataset:** CoinGecko [historical export](https://www.coingecko.com/en/coins/summer-2/historical_data?start=2026-03-03&end=2026-03-26)._

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 Mar 05-26).

`VWAP (Mar 05–26) ≈ $0.00318`

1. Convert $500 to SUMR

- 500/0.00318 ≈ **157,233 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=1359441710)**.
- 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 **440,065.99 SUMR** disbursement to eligible **March** delegates.

> If **NO** - Do not compensate for **March** ; 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

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_[View the full topic](https://forum.summer.fi/t/sip3-11-6-delegate-rewards-distribution-march/794)._