Proposed on forum by Baer_DAOplomats. Due to sub-threshold SUMR delegation (<10k); posted onchain by jensei.

Overview:

This proposal outlines a short-term, 40-day extension of the previously approved governance staking rewards. This extension is proposed to align with ongoing discussions regarding token transferability.

Motivation

The previously approved governance staking rewards expired in late July. This proposal aims to align the rewards period with the DAO’s discussions on token transferability.

With SUMR token claims exceeding 15%, a short-term token inflation is justified to prepare for transferability. The proposal originally intended to distribute SUMR tokens for 40 days. Extending governance staking is expected to boost token claims and promote a more decentralised distribution.

Specification:

This proposal will distribute 7991 SUMR per day, adding a total of 319,640 SUMR to the token’s circulating supply.

Reward Amount: 319,640 SUMR

Reward Duration: 40 days ≈ 3456000 sec

Rewards manager contract: 0xDe61A0a49f48e108079bdE73caeA56E87FfeEF92

Reward Token: SUMR (0x194f360D130F2393a5E9F3117A6a1B78aBEa1624)

Previously approved parameters

Technical Details* Reward Token: SUMR0x194f360D130F2393a5E9F3117A6a1B78aBEa1624* Reward Amount: 1,438,380 SUMR

(1,438,380 * 10^18 = 1438380000000000000000000)

• Reward Duration: 90 days (7,776,000 seconds)
• Rewards Manager: 0xDe61A0a49f48e108079bdE73caeA56E87FfeEF92

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Considerations

Why not to Vote Yes

• The proposal introduces a significant token inflation over a very short period.
• The proposed emission rate is not sustainable in the long term.

Why vote Yes

• SUMR token claims are still low and require a boost to increase token distribution among the community before major milestones are activated.
• The proposed token emissions are a 50% reduction from the previously approved rate and are carefully crafted to balance user appetite with inflation risk.

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Voting:

Yes

No

Abstain