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.
The payouts are made on Base and include;
- 33,400.1556 $SUMR
- 68.226845 $USDC
- Total recipients: 671
2. Motivation:
The Lazy Summer Protocol’s referral program (as introduced in [SIP5.5]) requires monthly settlement of rewards earned by referrers and referees.
May referral period has concluded, and users have accumulated SUMR and USDC allocations based on activity tracked in the Lazy Beach Club Dune Dashboard.
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
| 2025/26 | July | August | September | October | November | December | January | February | March | - | May |
|---|
| Total SUMR | 19,053.7651 SUMR | 22,272.589 SUMR | 40,582.388 SUMR | 53,989.690 SUMR | 52,967.722 SUMR | 55,232.370 SUMR | 58,981.345 SUMR | 53,302.252 SUMR | 59,531.763 SUMR | - SUMR | 33,400.156 SUMR |
| Total USDC | 687.48 USDC | 789.35 USDC | 1,337.99 USDC | 1,728.54 USDC | 1,691.77 USDC | 1,747.70 USDC | 1,857.97 USDC | 1,594.91 USDC | 1,785.78 USDC | - USDC | 68.23 USDC |
| Total Recipients | 227 | 334 | 419 | 547 | 569 | 579 | 666 | 679 | 672 | - | 671 |
3. Specification:
This SIP does not modify smart-contract logic. It authorizes:
- Creation of a new MERKL campaign for May referral rewards.
- Transfer of:
- 33,400.156 SUMR
- 68.23 USDC
to the MERKL claims contract on Base.
The payout distribution is predefined in the following .json , for both USDC and SUMR rewards:
3.1 Execution plan
- Upon successful governance approval, and execution, the multisig triggers MERKL campaign creation.
- SUMR and USDC amounts are transferred from the DAO treasury to the MERKL claims contract.
- MERKL makes claims available for all eligible March 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 May participants.
If NO - Do not disburse for May; continue with further discussion.
Tagging @Recognized_Delegates for a check up as always.
--jensei
