[SIP3.19] Extend SUMR V2 Staking SUMR Rewards (June)

Governance Summer Improvement Proposals [SIPs]
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1. Overview:

This SIP proposes extending SUMR token rewards for the SUMR Staking V2 module for an additional 90-day period on the same terms as the current program, allocating 450,000 SUMR to continue rewarding long-term stakers.

2. Motivation:

SUMR Staking V2 remains a core component of the Lazy Summer DAO governance and incentive system, aligning long-term token holders with protocol growth while encouraging active participation in governance.

The current reward period concluded in June 2026.

This proposal seeks to maintain continuity by extending the reward program for another 90 days using the same allocation and distribution previously in place.

3. Specification:

The proposal will execute the following actions:

Parameter Value
Reward Token SUMR
Reward Amount 450,000 SUMR
Duration 90 Days
Duration (seconds) 7776000
Network Base
Staking Module SUMR Staking V2

Execution steps:

  1. approve 450,000 SUMR from the DAO Timelock to the SUMR token contract.
  2. Call notifyRewardAmount() on the SUMR Staking V2 contract with a reward amount of 450,000 SUMR and a duration of 7776000 seconds.

Upon execution, the staking contract will begin distributing rewards over a new 90-day period.

4. Risk Assessment:

The proposed extension does not introduce new smart contract functionality or modify reward mechanics.

5. Voting:

If YES - Transfers 450,000 SUMR from the DAO Timelock to the SUMR Staking V2 contract, and extend SUMR V2 staking rewards for an additional 90 days.

If NO - Do not extend SUMR staking rewards.

Tagging @Recognized_Delegates for a check up as always.

–jensei

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