[SIP3.11.7] Delegate Rewards Distribution (April)

Governance Summer Improvement Proposals [SIPs]
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1. Overview:

This proposal continues the delegate compensation program first approved in [SIP5.6], 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.

Starting from April 2026, the Lazy Summer DAO has approved of Delegate Rewards Framework V2 via [SIP5.23] Delegate Rewards Framework V2 - with the month of April following the newly setup guidelines for rewards distribution.

Extending [SIP3.11.6] (March Distribution) to [SIP3.11.7] (April Distribution).

This proposal includes the 4th distribution of rewards to Aerodrome Metagovernance signers.

2. Motivation:

Active and accountable delegates remain a cornerstone of protocol governance. April 2026 focused on vault rewards emissions, SUMR staking rewards distribution, and off-boarding of couple of low usage vaults. Compensating delegates for their time and contributions ensures continued accountability and engagement.

1. Overview:

This proposal continues the delegate compensation program first approved in [SIP5.6], 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] (February Distribution) to [SIP3.11.6] (March Distribution).

This proposal includes the 3rd distribution of rewards to Aerodrome Metagovernance 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.

3. Specification:

Item Value
Rewards Token SUMR
Delegate Rewards 464,163.82 SUMR
Source of Delegate Rewards Delegate Rewards Multisig (Base)
Aerodrome Signer Rewards 170,648.46 SUMR + 500 USDC
Source of Aerodrome Signer Rewards Lazy Summer DAO Treasury (Base)
Total Distribution Amount 634,812.26 SUMR & 500 USDC
Distribution Schedule One-time disbursement following onchain approval
Eligibility Period April 1st – April 31th (2026)
Distribution Method Direct transfer to verified delegate wallet addresses

3.1 Aerodrome Metagovernance Stipend

As covered in the [SIP5.18] 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)
Apr 05 0.00291 4,210
Apr 06 0.00289 4,025
Apr 07 0.00286 3,884
Apr 08 0.00284 3,711
Apr 09 0.00282 3,590
Apr 10 0.00280 3,442
Apr 11 0.00277 3,301
Apr 12 0.00275 3,144
Apr 13 0.00273 3,005
Apr 14 0.00271 2,882
Apr 15 0.00269 2,764
Apr 16 0.00267 2,651
Apr 17 0.00265 2,521
Apr 18 0.00263 2,410
Apr 19 0.00261 2,295
Apr 20 0.00259 2,188
Apr 21 0.00257 2,084
Apr 22 0.00255 1,988
Apr 23 0.00253 1,891
Apr 24 0.00251 1,804
Apr 25 0.00249 1,721
Apr 26 0.00247 1,648

Source dataset: CoinGecko historical export.

  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 April 05-26).

VWAP (April 05–26) ≈ $0.00293

  1. Convert $500 to SUMR
  • 250/0.00293 ≈ 85,324.23 SUMR
  1. Transfer 250 USDC to each signer to lift up the strain on SUMR in the DAO Treasury (Total 500 USDC).

4. Risk Assessment:

  • Onchain vote will authorize SUMR disbursement from the DAO Treasury to Aerodrome Signers.
  • Delegate rewards according to the framework V2 will be disbursed from the Delegate Rewards Multisig established for this purpose.
  • Delegate participation data was sourced from the Lazy Summer Governance Dashboard.
  • The final delegate list and breakdown is made publicly available here.
  • The final delegate PRS Score analysis was delivered by @Curia and can be found here
  • Any entity may only receive compensation through a single verified delegate address.
  • Suspected Sybil delegates will be excluded, subject to verification by @Recognized_Delegates and @Curia.

5. Voting:

If YES - Approve 170,648.46 SUMR & 500 USDC disbursement to Aerodrome Metagovernance April signers. Delegate Rewards 464,163.82 SUMR will be distributed via multisig.

If NO - Do not compensate for April; continue with further discussion.

Tagging @Recognized_Delegates for a check up as always.

–jensei

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Hey @jensei, as previously discussed, both @MasterMojo and I have agreed to cut our compensation by 50% for Aerodrome Metagovernance, starting with the April distribution.

Therefore, we would like to request that the SUMR tokens allocated to the AMC remain in the treasury, with the USDC allocation split between the 2 signers.

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Hi @Sixty thank you for your consideration here, I will adjust the amounts in the spreadsheet attached and edit the proposal before posting it onchain to represent the 50% cut in the rewards distributed to the AMC signers.

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