[SIP5.5.2] August Payouts for Referral Campaign (SIP5.5)

Governance Summer Improvement Proposals [SIPs]
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Summary

This sub-SIP details the payouts to be made for previously approved referral campaign, detailed here: [SIP5.5] Enable onchain referrals and update AdmiralQuarters contracts on all chains to support Referral Codes

The payouts are made on Base and include;

  • 22,272.589 SUMR Tokens
  • 789.353 USDC
  • Total recipients: 334

Technical details

The following payouts will be made as per this sheet - which details how much of each token the referring user and referred user earned as part of the campaign, and converts to USD at the time: Lazy Summer Protocol Aug USDC and SUMR Referral Rewards

The payouts will be made using MERKL.

Specifications

Upon successful vote, it will trigger a campaign creation on MERKL and transfer the required amount of SUMR and USDC to the claims contract which will then be made available to claim through the Summer.fi UI when connecting their wallet.

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Thank you @chrisb for bringing this SIP onto the forum with a subsequent vote now live:

This referral campaign is going well, with 600+ users onboarded and over $20M contribution to the TVL (according to dune).

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A straightforward and efficient way to handle the August referral payouts, happy to see the referral campaign doing well!

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