[SIP3.3] Set Up Governance Staking Rewards

Governance Summer Improvement Proposals [SIPs]
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Summary

This SIP proposes the initiation of governance staking rewards within the Summer Protocol by allocating SUMR tokens to incentivize active participation in governance processes.

Motivation

The Summer Protocol is maturing into an ecosystem where decentralized governance is essential to its long-term sustainability. By adjusting staking rewards for governance participants, we aim to:

  • Incentivize meaningful engagement and long-term commitment from delegates and token holders.
  • Foster an active and aligned governance base.
  • Strengthen the protocol’s decentralization by rewarding those who continue to secure and steward its decision-making process.

Technical Details

  • Reward Token: SUMR
    0x194f360D130F2393a5E9F3117A6a1B78aBEa1624
  • Reward Amount: 1,438,380 SUMR
    (1,438,380 * 10^18 = 1438380000000000000000000)
  • Reward Duration: 90 days
    (7,776,000 seconds)
  • Rewards Manager:
    0xDe61A0a49f48e108079bdE73caeA56E87FfeEF92

Specifications

Actions

Upon successful passage of this proposal, the following actions will be executed on-chain:

  1. Approve the Rewards Manager contract (0xDe61A0a49f48e108079bdE73caeA56E87FfeEF92) to spend a total of 1,438,380 SUMR tokens.
  2. Notify the Rewards Manager of the total reward amount and associated duration:
  • notifyRewardAmount(1438380000000000000000000, 7776000)

These parameters will enable the Rewards Manager to begin distributing SUMR rewards over the defined period to governance stakers.

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