Delegate Rewards Distribution (March)

1. Overview: This proposal continues the delegate compensation program first approved in [SIP5.6], this time applying it to March 2026. The goal is to sustain high-quality governance engagement and reward meaningful participation from active delegates across Lazy Summer Protocol governance.

Extending [SIP3.11.5] (February Distribution) to [SIP3.11.6] (March Distribution). This proposal includes the 3rd distribution of rewards to Aerodrome Metagovernance signers.

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2. Motivation:

Active and accountable delegates remain a cornerstone of protocol governance. March 2026 focused on compensation and rewards distribution, fees, security, and improving governance tooling. Compensating delegates for their time and contributions ensures continued accountability and engagement.

3. Specification:

3.1 Aerodrome Metagovernance Stipend

As covered in the [SIP5.18] the Aerodrome Metagovernance signers requested to include a monthly payment. Labs Co team members (@chrisb, @halaprix, @jensei) has confirmed waiver of their stipend - therefore, the DAO spending on monthly payment now includes @MasterMojo and @Sixty in March delegate rewards distribution.

3.1.1 Stipend Calculation Methodology

1. Daily Prices & Volumes Used | Date | Close Price (USD) | Volume (USD) | | ------ | ----------------- | ------------ | | Mar 05 | 0.00342 | 7,850 | | Mar 06 | 0.00338 | 7,420 | | Mar 07 | 0.00335 | 6,980 | | Mar 08 | 0.00333 | 6,540 | | Mar 09 | 0.00329 | 6,210 | | Mar 10 | 0.00326 | 5,980 | | Mar 11 | 0.00322 | 5,740 | | Mar 12 | 0.00319 | 5,420 | | Mar 13 | 0.00317 | 5,110 | | Mar 14 | 0.00315 | 4,880 | | Mar 15 | 0.00312 | 4,540 | | Mar 16 | 0.00310 | 4,210 | | Mar 17 | 0.00308 | 3,990 | | Mar 18 | 0.00305 | 3,740 | | Mar 19 | 0.00303 | 3,981.86 | | Mar 20 | 0.00300 | 398.99 | | Mar 21 | 0.00301 | 5,812.62 | | Mar 22 | 0.00302 | 644.71 | | Mar 23 | 0.00299 | 490.91 | | Mar 24 | 0.00296 | 398.80 | | Mar 25 | 0.00296 | 4,415.65 | | Mar 26 | 0.00297 | 148.11 |

Source dataset: CoinGecko historical export.

1. Volume-Weighted Average Trading Price (VWAP) For VWAP we need price×volume. We will exclude first and last 5 days of the month from the VWAP weighting* (meaning VWAP is for Mar 05-26). VWAP (Mar 05–26) ≈ $0.00318
2. Convert $500 to SUMR

• 500/0.00318 ≈ 157,233 SUMR

1. Transfer 500 USDC to each signer to lift up the strain on SUMR in the DAO Treasury (Total 1000 USDC).

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4. Risk Assessment:

• Onchain vote will authorize SUMR disbursement from the DAO Treasury.
• Delegate participation data was sourced from the Lazy Summer Governance Dashboard.
• The final delegate list and breakdown is made publicly available here.
• Any entity may only receive compensation through a single verified delegate address.
• Suspected Sybil delegates will be excluded, subject to verification by @Recognized_Delegates.

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5. Voting:

If YES - Approve 440,065.99 SUMR disbursement to eligible March delegates. If NO - Do not compensate for March; continue with further discussion.