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;
- 58,981.34456 $SUMR
- 1,857.974668 $USDC
- Total recipients: 666
2. Motivation:
The Lazy Summer Protocol’s referral program (as introduced in [SIP5.5]) requires monthly settlement of rewards earned by referrers and referees.
January’s referral period has concluded, and users have accumulated SUMR and USDC allocations based on activity tracked in the lazy_beach_rewards_jan26 sheet.
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 |
|---|
| 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 |
| 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 |
| Total Recipients | 227 | 334 | 419 | 547 | 569 | 579 | 666 |
This SIP ensures continuity of the referral program, maintains user trust, and fulfills previously approved commitments.
3. Specification:
This SIP does **not** modify smart-contract logic. It authorizes:
- Creation of a new MERKL campaign for December referral rewards.
- Transfer of:
- 58,981.345 SUMR
- 1,857.97 USDC
to the MERKL clams contract on Base.
The payout distribution is predefined in the referenced spreadsheet, which details:
- Each referrer’s reward
- Token amounts (SUMR + USDC)
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 January 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 January participants.
If NO - Do not disburse for January; continue with further discussion.
