Staking V2 & Governance Upgrade, leading to SUMR Transferability - Proposed Timeline and Actions

Strategy & Research Protocol Strategy
, , ,
9

Hi all, I just want to give a couple of quick updates;

Timeline Update

Today we received back the final report on the recent Sherlock Contest for the new Staking and Governance module for the Lazy Summer Protocol.

We were of course expecting this a little earlier, and had previously been working on the assumption that it would be early last week. Given the delay, we propose deploying the contract next Monday, 17th November, and requesting the Lazy Summer Foundation whitelist the contract the same day. This will allow SUMR holders to start staking in the new contract, and the Transferability Vote could then happen from Thursday 20th November, when it is felt there is sufficient SUMR transferred from Governance V1 to Governance V2.

SUMR Token Launch Oppotunity

I also want to bring up another topic related to the transferability of SUMR.

At the end of last week, we were informed by the Aerodrome team that can take part in their new token launch program, Ignition. This provides a huge oppotunity for the Summer Community and the SUMR token launch to create incentives for the SUMR token and drive large amounts of liquidity to the SUMR token, take advantage of the Aerodrome <> Coinbase partnership by having SUMR available on Coinbase spot markets in the US from the moment it is transferrable.

The only downside (maybe not given the current unpredictable market conditions though at the moment) is that the earliest time we can do this is the second half of January 2026.

It should be noted that if the decision is to delay, this does not impact the launch of the new staking and governance modules, these would still be able to go ahead as planned, and and released next week as stated above.

So my question to the community is; do you want to wait until January 2026 for the token to start trading and take advantage of what is likely a very big oppotunity for the SUMR token launch, or go as soon as possible, likely now the 25th November.

I propose to @jensei @samehueasyou that we perhaps aim for a community call this Thursday to discuss this further in the open too.

I have put the poll below to gauge sentiment, which will run until Friday morning 9am UTC…

Should the DAO wait for Aerodrome Ignition in Jan 2026 to enable transferrability
  • Yes, I think it’s worth the wait
  • No, I think we should go now (Nov 25th)
0 voters

Thanks all, I look forward to a constructive conversation on this.

Chris

Tagging @Recognized_Delegates

3 Likes