1. Overview:
This SIP proposes the payout, via Merkl, of 2,380.14 USDC to those users who have staked SUMR tokens in the SUMR Staking V2 at any point throughout June 2026.
This follows similar SIPs paying out previous months, since the launch of the SUMR Staking V2 in December 2025.
Throughout June 2026, the Lazy Summer Protocol made $11,900.68 of revenue, made up from the following networks;
- Ethereum → $10,686.06
- Base → $1,172.49
- Arbitrum → $20.24
- Sonic → $11.45
- HyperEVM → $10.44
As per the outlined launch parameters for Summer Staking V2, 20% of this should be paid out to stakers of the SUMR token, representing 2,380.14 USDC
This payout should be made via MERKL, who have kindly added support for weighted balances in the stSUMR token. Given that MERKL charges a 3% fee for rewards, the actual total being transferred from the DAO Treasury is 2,453.75 USDC.
Note: Previous monthly payouts were distributed as LVUSDC, the yield-bearing receipt token of the USDC Lazy Vault on Base. With all Lazy Summer Vaults currently paused, minting LVUSDC is not possible, so this month’s rewards will be paid out in plain USDC directly from the DAO Treasury. This also removes any execution dependency on the vaults being unpaused. Payouts in LVUSDC can resume in future months once vault operations return to normal.
2. Motivation:
This Sub-SIP represents a monthly distribution of revenue share to SUMR holders staking in the Staking V2 Module.
3. Specification:
Total being paid: 2,453.75 USDC
Reward amount paid out: 2,380.14 USDC
Reward token: USDC on Base (0x833589fCD6eDb6E08f4c7C32D4f71b54bdA02913)
Start timestamp: 1780268400 (1-June-2026 00:00:00 UTC)
End timestamp: 1782860400 (1-July-2026 00:00:00 UTC)
Full data can be seen once the vote has been posted.
4. Risk Assessment:
Given the payouts will occur through Merkl, which is already supported widely through the Summer.fi UI and Lazy Summer Protocol, there are no additional risks expected from this SIP by using them as rewards.
Unlike previous months, this payout requires no interaction with the Lazy Summer Vaults: no LVUSDC is minted and no vault contracts are called. USDC is a standard, widely supported reward token on Merkl on the Base Network, making this a simpler execution path than prior payouts.
5. Voting:
If YES - Execute the MERKL calldata, approving and transferring 2,453.75 USDC from the Base Timelock Controller to the MERKL claims contract, and make available the relevant amounts of USDC to claim for users who staked SUMR during the period.
If NO - do not execute any additional code, and no USDC will be transferred, and no payouts will be made from this vote.
Tagging @Recognized_Delegates for a check up as always.
–jensei