This proposal sets up rewards for governance staking.

Motivation

Setting up rewards incentivizes governance participation and staking in the protocol.

Technical Details

• Reward Token: SUMR (0x932CCb7D2A6F1821a1Ecee9e1279aC30E0d4db32)
• Reward Amount: 1438380 SUMR (1438380000000000000000000)
• Reward Duration: 90 days (7776000 seconds)
• Rewards Redeemer: 0x2aF041B4505743f0C01Dd4C6AA8e23bD22dE379e

Specifications

Actions

This proposal will execute the following actions:

1. Approve the rewards redeemer to spend 1438380 SUMR tokens
2. Notify reward amount of 1438380 SUMR tokens with a duration of 90 days