1. Overview:
This SIP proposes the payout, via Merkl, of 5,775.20 USDC to those users who have staked SUMR tokens in the SUMR Staking V2 at any point throughout December 2025.
SUMR Staking V2 was launched on the 11th December 2025, and between 11th Dec and 1st January, the Lazy Summer Protocol made $28,876 of revenue (per this dune dashboard). As per the outlined launch parameters for Summer Staking V2, 20% of this should be paid out to stakers of the SUMR token.
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 to MERKL is 5,953.653680 USDC
2. Motivation:
This SIP will mark the first payout of USDC to SUMR stakers on Base, followed by sub-proposals on monthly basis.
This supports the new and updated SUMR Staking module which launched December 11th 2025, and currently is approved to pay out 20% of all protocol revenue earned in the previous month.
Given that the new staking module launched during the month, the revenue has been taken from the start of the 11th December, and again at the end of December.
3. Specification:
Total being paid: 5,953.6536800 USDC
Reward amount paid out: 5775.0440696 USDC
Start timestamp: 1765411200 (11-Dec-2025 00:00:00 UTC)
End timestamp: 1767225599 (31-Dec-2025 23:59:59 UTC)
Full data can be seen in the actions of the vote.
Right now, the timelock controller on Base (the Lazy Summer DAO Treasury contract) has over 15,000 USDC, so no bridging or swapping of assets is required to meet this payout need.
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.
5. Voting:
A YES vote will execute the MERKL calldata, transferring 5,953.653680 USDC from the Base Timelock Controller to MERKL claims contract, and make available the relevant amounts of SUMR to claim for users who staked SUMR during the period.
A NO vote will not execute any additional code, and no USDC will be transferred, and no payouts will be made from this vote.
As always, please leave any comments below - if there is no reason why this shouldn’t go to vote, it will be posted for vote on Wednesday 7th January 2026
Tagging @Recognized_Delegates in particular for your input.
Edited: 7-Jan-26;
- Section 1 - added clarification of 3% fee and total amount being transferred
- Section 3 - added specification details and link to vote
- Section 5 - clarified in the YES vote, the total amount being transferred has increased from 5,775.20 to the full amount including the fee to 5,953.653680 USDC
