Summary

This is a cross-chain governance proposal to set up rewards for the LazyVault_LowerRisk_USDCe Fleet on sonic.

Motivation

Setting up rewards incentivizes liquidity providers and participants in the LazyVault_LowerRisk_USDCe Fleet ecosystem on sonic.

Technical Details

• Hub Chain: base (Production)
• Target Chain: sonic
• Fleet Commander: 0x507A2D9E87DBD3076e65992049C41270b47964f8
• Number of Reward Tokens: 1

Rewards Configuration

• Reward Tokens: 0x4e0037f487bBb588bf1B7a83BDe6c34FeD6099e3
• Reward Amounts: 1,240,582 tokens (1240582000000000000000000)
• Rewards Durations: 46 days (3974400 seconds)

Specifications

Actions

This proposal will execute the following actions on sonic:

1. Whitelist rewards manager as a rewarder
2. Approve token transfers for rewards
3. Notify reward amounts for 1 tokens with appropriate durations

Cross-chain Mechanism

This proposal uses LayerZero to execute governance actions across chains.

References

Discourse: https://forum.summer.fi/t/the-path-to-1b-tvl-onboard-medium-and-high-risk-vaults-for-lazy-summer-protocol/113