🌞 Summer.​fi Hits New Milestone

Summer.fi has reached a new milestone with over **$190 million in Total Value Locked (TVL)** across multiple blockchain networks. **Key highlights:** - Capital flows across Base, Arbitrum, and Sonic Labs networks - 24/7 automated rebalancing and compounding - Continuous growth momentum in DeFi platform adoption The platform enables users to: - Borrow stablecoins against crypto assets - Increase exposure through Multiply features - Earn competitive yields across protocols **Multi-chain integration** allows seamless capital deployment across different Layer 1 and Layer 2 solutions. [Explore earning opportunities](http://summer.fi/earn)

**Major milestone reached**: Governance V2 and upgraded staking module now in Sherlock audit (40,500 $USDC prize pool) until Oct 7. **What's next after audit**: - Setting governance & timelock roles - Assigning new contract permissions - Enabling transferability **Gov V2 upgrades**: - ~20% of protocol revenue flows to stakers - ~$200k USD expected in staking rewards at launch - Simplified governance (removes vote decay, easier delegation) **Liquidity preparation**: - DAO treasury holds $180k+ with ~$25k more coming this month - Liquidity incentives planned for day one of transferability **Timeline**: If audit goes smoothly, SUMR transferability recommendation & vote expected end of October. This represents a huge step for Lazy Summer DAO - transferability isn't just about liquidity, it's about scaling governance, staking, and the next phase of protocol growth.

**Lazy Summer Protocol** achieved significant milestones in September with **TVL growing $34M to $182.7M** and the $SUMR token transferability moving into audit phase. **Key Developments:** - $SUMR token and Governance V2 now in Sherlock audit (ends Oct 7) - **Target: Enable transferability by end of October** - DAO Treasury grew to $186K with liquidity incentives ready **Growth Metrics:** - **SUMR holders:** 5,536 (+490) - **Delegates:** 521 (+7) - **SUMR delegated:** 360.5M (+7M) **Chain Performance:** - Ethereum: +$31M to $143M - Base: +$3M to $25M - Arbitrum: +$3.4M to $9.8M The protocol deployed **26 new strategies** across chains while processing multiple expansion proposals including Plasma Network integration and new vault strategies.

**Summer.fi introduces Vault Switch**, a new feature enabling users to rotate between different vaults in a single transaction without downtime. **Key Features:** - Switch between ETH and stablecoins instantly - Maintain continuous yield generation during transitions - Adapt to market conditions without exiting protocols - Available on Mainnet, Base, and Arbitrum **Use Cases:** - **Risk-off moves**: Rotate from ETH to stables during market uncertainty - **Risk-on positioning**: Move back to ETH when momentum returns - Keep earning $SUMR rewards throughout transitions **Benefits:** - No missed opportunities during portfolio adjustments - Continuous compounding of real yield - Instant market adaptation in seconds - No idle capital sitting unproductive The feature addresses a common DeFi pain point where users lose yield during position changes. Future updates will include higher-risk USDC and BTC vault options. [Learn more about Vault Switch](https://blog.summer.fi/introducing-vault-switch-adapt-your-lazy-summer-position-to-any-market-with-just-one-transaction/)