Piter

# SIP3.17: Extend SUMR V2 Staking SUMR Rewards

### 1. Overview:

The current SUMR token rewards for the V2 Staking module ends Wed March 11th, 19:38 UTC

This SIP proposes renewing the rewards on the same terms (450,000 SUMR for 90 days) as currently exists.

### 2. Motivation:

To maintain the SUMR rewards, currently around 2% and a fairly modest 450k rewards for another 90 days.

### 3. Specification:

* Call `approve` on the [SUMR token contract](https://basescan.org/token/0x194f360d130f2393a5e9f3117a6a1b78abea1624) for 450,000 SUMR
* Call `NotifyRewards` on the [SUMR Staking Contract](https://basescan.org/address/0xcA2e14c7C03C9961c296C89e2d2279F5F7DB15b4) for `450,000` SUMR and duration `7776000` (90 days)
* Call `validateTimestamp` on the [TimeLock Guard contract](https://basescan.org/address/0x800e66e293b626207b1867d3fe807d6c49aa6b68#writeContract), restricting execution until the old rewards have finished.

### 5. Voting:

* Voting **YES** extends the SUMR rewards for the V2 Staking Module for another 90 days, transferring 450,000 SUMR from the Timelock to the Staking Contract.

* Voting **NO** will not extend the SUMR rewards, and will not transfer any additional SUMR to the Staking Contract.