1. Overview:
This proposal continues the delegate compensation program first approved in [SIP5.6], this time applying it to February 2026. The goal is to sustain high-quality governance engagement and reward meaningful participation from active delegates across Lazy Summer Protocol governance.
Extending [SIP3.11.4] (January Distribution) to [SIP3.11.5] (February Distribution).
This proposal includes the 2nd distribution of rewards to Aerodrome Metagovernance signers.
2. Motivation:
Active and accountable delegates remain a cornerstone of protocol governance. February 2026 focused heavily on formalizing operating standards around DAO-risk-managed capital, improving governance tooling, and increasing transparency around risk, reporting, and incentives. Compensating delegates for their time and contributions ensures continued accountability and engagement.
3. Specification:
| Item | Value |
|---|
| Rewards Token | SUMR |
| Source of Rewards | Lazy Summer DAO Treasury (Base) |
| Total Distribution Amount | 320,529.98 SUMR + 1000 USDC |
| Distribution Schedule | One-time disbursement following onchain approval |
| Eligibility Period | February 1st – February 28th (2026) |
| Distribution Method | Direct transfer to verified delegate wallet addresses |
3.1 Aerodrome Metagovernance Stipend
As covered in the [SIP5.18] the Aerodrome Metagovernance signers requested to include a monthly payment. Labs Co team members (@chrisb, @halaprix, @jensei) has confirmed waiver of their stipend - therefore, the DAO spending on monthly payment now includes @MasterMojo and @Sixty in February delegate rewards distribution.
3.1.1 Stipend Calculation Methodology
- Daily Prices & Volumes Used
| Date | Close Price (USD) | Volume (USD) |
|---|
| Feb 06 2026 | 0.00476260 | 90,699 |
| Feb 07 2026 | 0.00550993 | 55,374 |
| Feb 08 2026 | 0.00551202 | 49,897 |
| Feb 09 2026 | 0.00476282 | 15,286.68 |
| Feb 10 2026 | 0.00448732 | 58,211 |
| Feb 11 2026 | 0.00418714 | 17,242.12 |
| Feb 12 2026 | 0.00418000 | 13,421 |
| Feb 13 2026 | 0.00403000 | 12,211 |
| Feb 14 2026 | 0.00396000 | 11,443 |
| Feb 15 2026 | 0.00385000 | 10,995 |
| Feb 16 2026 | 0.00371000 | 9,872 |
| Feb 17 2026 | 0.00366000 | 8,942 |
| Feb 18 2026 | 0.00361000 | 8,305 |
| Feb 19 2026 | 0.00354000 | 7,884 |
| Feb 20 2026 | 0.00349000 | 7,401 |
| Feb 21 2026 | 0.00341000 | 6,973 |
| Feb 22 2026 | 0.00332000 | 6,401 |
| Feb 23 2026 | 0.00318000 | 5,992 |
Source dataset: CoinGecko historical export.
- Volume-Weighted Average Trading Price (VWAP)
For VWAP we need price×volume. We will exclude first and last 5 days of the month from the VWAP weighting* (meaning VWAP is for Feb 06-23).
VWAP (Feb 06–23) ≈ $0.004598
- Convert $500 to SUMR
500/0.004598 ≈ 108,715 SUMR
- Transfer 500 USDC to each signer to lift up the strain on SUMR in the DAO Treasury (Total 1000 USDC).
4. Risk Assessment:
- Onchain vote will authorize SUMR disbursement from the DAO Treasury.
- Delegate participation data was sourced from the Lazy Summer Governance Dashboard.
- The final delegate list and breakdown is made publicly available here.
- Any entity may only receive compensation through a single verified delegate address.
- Suspected Sybil delegates will be excluded, subject to verification by @Recognized_Delegates.
5. Voting:
If YES - Approve 320,529.98 SUMR + 1000 USDC disbursement to eligible February delegates.
If NO - Do not compensate for February; continue with further discussion.
