Summary

As outlined in the RFC for the DAO Managed Vaults Proposal (https://forum.summer.fi/t/rfc-launch-dao-managed-indexed-vaults-on-the-lazy-summer-protocol/601) and in @BlockAnalitica proposal for the framework creation (https://forum.summer.fi/t/ba-labs-framework-design-proposal-for-summerfi-dao-managed-fleets/651), this SIP looks to get DAO approval for BA to start work on the Framework at a cost of $25,000 from the Lazy Summer Treasury. This proposal will create a multi-chain transfer of WETH and USDC from Ethereum and Sonic respectively.

Motivation

As outlined in the initial RFC, the DAO is targetting to launch the DAO Managed Vaults by the week of the 16th Feb. Prior to that, a Risk Framework needs to be created in order to onboard Arks into the Vaults.

This Framework will help the DAO decide which parameters markets should be added to the Vault, and to guide the DAO in helping make decisions on protocols and markets being included or not.

Specifications

Actions

• Transfer 5.76 WETH on mainnet to 0xeaef8fb615a7d5ab6a356dec0549fd749460e970
• Transfer 7720 USDC on sonic to 0xeaef8fb615a7d5ab6a356dec0549fd749460e970

Risk Assessment

For the specific purposes of this SIP, the creation of the framework, and the transfer of funds to BlockAnalitica is not expected to introduce any technical or economical risks the Protocol or the DAO.

Voting

Voting YES will execute a cross-chain transfer of assets to BlockAnalitica, totalling around 25,000 USD and indicate that the DAO would like to proceed with the DAO Managed Vaults Risk Framework creation. Voting NO will not execute any cross-chain transfers, and it will indicate that the DAO does not wish to proceed with the Risk Framework creation.