1. Summary:
This SIP authorizes the transfer of 16.5M SUMR from the Lazy Summer DAO Treasury to the Lazy Summer Foundation Multisig to fund the DAO’s share of the Aerodrome Ignition incentives for the SUMR token launch on Base.
The Foundation Multisig will act as the DAO’s execution agent for deploying these incentives and will return any unused SUMR to the DAO Treasury.
RFC: [RFC] Fund Aerodrome Ignition Incentives via Shared DAO & Foundation Allocation
2. Motivation
Following community alignment in the above mentioned RFC, the DAO agreed to fund Aerodrome Ignition incentives via a 50/50 split between the DAO Treasury and the Lazy Summer Foundation Treasury.
Aerodrome Ignition requires incentive funds to be available several days prior to token transferability and the start of the next epoch. Consolidating execution through the Foundation Multisig enables:
- Precise, time-sensitive deployment aligned with Aerodrome requirements
- Reduced operational overhead compared to multiple tranche-based DAO executions
- Clear accountability with the Foundation acting explicitly as an execution agent on behalf of the DAO
To improve execution efficiency, this SIP proposes transferring the full DAO allocation (Tranche 1 + Tranche 2) in a single transaction to the Foundation Multisig.
3. Specification:
3.1 Funding Parameters
| Parameter | Value |
|---|---|
| Total Incentives Required | 3.3% of total SUMR supply |
| DAO Contribution | 1.65% (16.5M SUMR) |
| Foundation Contribution | 1.65% (16.5M SUMR) |
| Asset | SUMR |
| Network | Base |
3.2 Execution Mechanics
- 16.5M SUMR will be transferred from the Lazy Summer DAO Treasury to the Lazy Summer Foundation Multisig
- Foundation Multisig Address:
0xB0F53Fc4e15301147de9b3e49C3DB942E3F118F2 - The Foundation is mandated by this SIP to:
- Use the received SUMR solely to initialize and maintain the Aerodrome Ignition Campaign on Base
- Deploy incentives in accordance with Aerodrome’s requirements for Week 0 and Week 1
- Redistribute SUMR directly to Aerodrome voting incentive contracts as required by the Ignition framework
3.3 Handling of Unused Funds
- Any SUMR not deployed as part of the Aerodrome Ignition Campaign must be returned to the Lazy Summer DAO Treasury
- No discretionary or alternative use of these funds is permitted
4. Risk Assessment
Execution Risk:
Mitigated by consolidating responsibility within the Foundation Multisig.
Governance Risk:
Limited by strict scope definition; funds are earmarked for a single, time-bound purpose with mandatory return of leftovers.
Economic Risk:
Shared 50/50 funding structure preserves DAO runway while securing deep initial liquidity and long-term market health.
5. Voting:
YES:
- Approves transferring 16.5M SUMR from the DAO Treasury to the Lazy Summer Foundation Multisig
- Mandates the Foundation to deploy these funds exclusively for Aerodrome Ignition incentives
- Requires any unused SUMR to be returned to the DAO Treasury
NO: Rejects the proposed funding transfer and execution structure