May Payouts for Referral Campaign

3. Specification:

This SIP does not modify smart-contract logic. It authorizes:

• Creation of a new MERKL campaign for May referral rewards.
• Transfer of:
• 33,400.156 SUMR
• 68.23 USDC to the MERKL claims contract on Base. The payout distribution is predefined in the following .json , for both USDC and SUMR rewards:
• USDC
• SUMR

3.1 Execution plan

1. Upon successful governance approval, and execution, the multisig triggers MERKL campaign creation.
2. SUMR and USDC amounts are transferred from the DAO treasury to the MERKL claims contract.
3. MERKL makes claims available for all eligible March participants.

3.2 Actors responsible

Lazy Summer DAO - executes the MERKL campaign setup and performs token transfers, while MERKL handles distribution and claim logic.

4. Risk Assessment:

Technical Risk:

• Low. MERKL infrastructure has been user for prior referral payouts without issue.
• Mitigation: Standard verification of token amounts and campaign parameters before vote. Economic Risk:
• Minimal. Payouts were already committed under [SIP5.5] and reflect earned rewards. Governance / Operational Risk:
• Requires accurate execution by the DAO.
• Mitigation: Public spreadsheet, onchain transparency, and reproducible calculations.

5. Voting:

If YES - Approve SUMR and USDC disbursement to eligible May participants. If NO - Do not disburse for May; continue with further discussion.

Tagging @Recognized_Delegates for a check up as always. --jensei