Executed

SIP3.10: Governance Staking Rewards Extension


ID 112200...5282

ID 112200...5282

Proposed on: Oct 1st, 2025

Proposed on: Oct 1st, 2025

Votes

Actions

Type

Address

Details

Custom

0x194f...1624

approve(..)

Custom

Account

0x194f...1624

Method

approve(..)

Custom

0xDe61...EF92

setRewardsDuration(..)

Custom

Account

0xDe61...EF92

Method

setRewardsDuration(..)

Custom

0xDe61...EF92

notifyRewardAmount(..)

Custom

Account

0xDe61...EF92

Method

notifyRewardAmount(..)

Proposal

Overview:

The current governance staking rewards program (extended in SIP3.8 by @DAOplomats) is scheduled to expire on October 4, 2025 at 17:20 CET.

This proposal (SIP3.10) seeks to extend governance staking rewards for an additional 25 days. The goal is to bridge the short period until the Lazy Summer DAO transitions to the new Governance Module (Gov v2), which is expected to be live by the end of October and will introduce a redesigned staking mechanism.


Motivation:

The SUMR Transfer Readiness Working Group (@TR-WG) recently shared its tentative timeline:

… we should be in a position to recommend a vote to move to the new Governance module, and staking by the end of October, and with it - enable the transfers of the SUMR Token.

Given this, I propose a short-term extension of SUMR staking rewards to:

  • Encourage continued SUMR claiming and staking; driving wider token distribution.
  • Prevent an incentive gap during the October transition.
    • If proposed and passed onchain during next gov. cycle (01.10.2025), there would be a 2-DAY rewards gap.

Specification:

The proposal maintains the same emission rate introduced in SIP3.8, adjusted for 25 days:

ItemValue
Reward TokenSUMR
Source of RewardsLazy Summer DAO Treasury (Base)
Reward Rate7,991 SUMR / day
Total Reward Amount199,775 SUMR (25 days × 7,991)
Duration25 days ≈ 2,160,000 sec
Rewards Manager Contract0xDe61A0a49f48e108079bdE73caeA56E87FfeEF92

Voting:

If YES - Extend SUMR governance staking rewards for 25 days under existing parameters. If NO - Allow the current program to expire on Oct 4.

Votes
Status