# \[SIP5.5.5\] November Payouts for Referral Campaign

**URL:** <https://forum.summer.fi/t/sip5-5-5-november-payouts-for-referral-campaign/539>\
**Category:** Summer Improvement Proposals \[SIPs\]\
**Tags:** sip5, sumr, rewards, referral, november\
**Created:** [December 3, 2025, 3:30pm UTC](https://forum.summer.fi/t/sip5-5-5-november-payouts-for-referral-campaign/539 "2025-12-03T15:30:44Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![jensei](https://yyz1.discourse-cdn.com/flex009/user_avatar/forum.summer.fi/jensei/32/69_2.png) [@jensei](https://forum.summer.fi/u/jensei)\
**Post date:** [December 3, 2025, 3:30pm UTC](https://forum.summer.fi/t/sip5-5-5-november-payouts-for-referral-campaign/539/1 "2025-12-03T15:30:44Z")

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### 1. Overview:

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](https://forum.summer.fi/t/sip5-5-enable-onchain-referrals-and-update-admiralquarters-contracts-on-all-chains-to-support-referral-codes/202).

The payouts are made on Base and include;

- 52,967.72247 SUMR Tokens

- 1,691.766912 USDC

- Total recipients: 569

* * *

### 2. Motivation:

The Lazy Summer Protocol’s referral program (as introduced in [SIP5.5]) requires monthly settlement of rewards earned by referrers and referees.

November’s referral period has concluded, and users have accumulated SUMR and USDC allocations based on activity tracked in the [lazy\_beach\_rewards\_nov25](https://docs.google.com/spreadsheets/d/1AAbzH7uKbRjEEL8ox-3dupN4c6Djzy_kIoBxMvd8kBY/edit?usp=sharing) sheet.

This SIP is necessary to transfer the required tokens to MERKL and enable users to claim their rewards transparently and trustlessly.

#### 2.1 Historical monthly metrics for context:

| **2025** | **July** | **August** | **September** | **October** | **November** |
| --- | --- | --- | --- | --- | --- |
| Total SUMR | 19,053.7651 SUMR | 22,272.589 SUMR | 40,582.388 SUMR | 53,989.690 SUMR | 52,967.722 SUMR |
| Total USDC | 687.48 USDC | 789.35 USDC | 1,337.99 USDC | 1,728.54 USDC | 1,691.77 USDC |
| Total Recipients | 227 | 334 | 419 | 547 | 569 |

This SIP ensures continuity of the referral program, maintains user trust, and fulfills previously approved commitments.

* * *

### 3. Specification:

This SIP does **not** modify smart-contract logic. It authorizes:

- Creation of a new MERKL campaign for November referral rewards.
- Transfer of:
  - 52,967.72247 SUMR
  - 1,691.766912 USDC  
to the MERKL clams contract on Base.

The payout distribution is predefined in the referenced spreadsheet, which details:

- Each referrer’s reward
- Token amounts (SUMR + USDC)

#### 3.1 Execution plan

1. Upon successful governance approval, and execution, the multisig triggers MERKL campaign creation.
2. SUMR and USDC amounts are transferred from the DAO treasury to the MERKL claims contract.
3. MERKL makes claims available for all eligible November participants.

#### 3.2 Actors responsible

Lazy Summer DAO - executes the MERKL campaign setup and performs token transfers, while MERKL handles distribution and claim logic.

* * *

### 4. Risk Assessment:

Technical Risk:

- Low. MERKL infrastructure has been user for prior referral payouts without issue.
- Mitigation: Standard verification of token amounts and campaign parameters before vote.

Economic Risk:

- Minimal. Payouts were already committed under [SIP5.5] and reflect earned rewards.

Governance / Operational Risk:

- Requires accurate execution by the DAO.
- Mitigation: Public spreadsheet, onchain transparency, and reproducible calculations.

* * *

### 5. Voting:

> If **YES** - Approve SUMR and USDC disbursement to eligible November participants.

> If **NO** - Do not disburse for November; continue with further discussion.

* * *

Tagging [@Recognized\_Delegates](https://forum.summer.fi/groups/recognized_delegates) for a check up as always.

–jensei

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<div class="post-metadata">

**Author:** ![jensei](https://yyz1.discourse-cdn.com/flex009/user_avatar/forum.summer.fi/jensei/32/69_2.png) [@jensei](https://forum.summer.fi/u/jensei)\
**Post date:** [December 4, 2025, 5:29pm UTC](https://forum.summer.fi/t/sip5-5-5-november-payouts-for-referral-campaign/539/2 "2025-12-04T17:29:16Z")

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VOTE: [Lazy Summer DAO (Official) | SIP5.5.5: November Payouts for Referral Campaign](https://gov.summer.fi/dao/proposal/35464269988108916540036992255772566225043080679908995461102549274298336216329)

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<div class="post-metadata">

**Author:** ![jensei](https://yyz1.discourse-cdn.com/flex009/user_avatar/forum.summer.fi/jensei/32/69_2.png) [@jensei](https://forum.summer.fi/u/jensei)\
**Post date:** [March 11, 2026, 3:19pm UTC](https://forum.summer.fi/t/sip5-5-5-november-payouts-for-referral-campaign/539/3 "2026-03-11T15:19:54Z")

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Closed on March 11, 2026, 3:19pm UTC