Summer.fi Launches New Governance Cycle with 6 Proposals
Summer.fi Launches New Governance Cycle with 6 Proposals
🌞 Vault Expansion Plot Twist
Summer.fi has initiated a new governance cycle with 6 Lazy Summer DAO proposals focused on scaling vault performance and contributor rewards.
Key proposals include:
- SIP2.142.18: Expanding Lazy Vault capacity with new Arks across Ethereum, Arbitrum & Base
- Integration of LowerRisk USDC vaults from Hyperithm, Morpho Labs, and Silo Finance
- Addition of HigherRisk USDC vault by Silo Finance
- Implementation of LowerRisk WETH vaults by Morpho and Origin Protocol
- SIP3.5: Distribution of June delegate rewards
Voting is open until July 6th at gov.summer.fi/dao/proposals
A Governance Jam with StableLab is scheduled for July 9th to discuss proposals.
Summer.fi Governance Proposal: sUSDe Strategy Addition
Summer.fi is considering a new governance proposal to integrate sUSDe strategy into their USDC mainnet vaults, both for lower and higher risk categories. The proposal follows previous successful governance updates, including: - Integration of Maple Finance Syrup USDC - Launch of a higher-risk USDC vault - Governance parameter adjustments This potential addition would expand Summer.fi's yield-generating strategies, offering users more options for their USDC deposits. Community members can review the full proposal at [Summer.fi Forum](https://forum.summer.fi/t/sip2-19-add-susde-strategy-to-usdc-mainnet-lower-higher-risk-vaults/307)
Morpho x Lazy Summer: How Seamless WETH Delivers Safer ETH Yield on Base
Lazy Summer has integrated Morpho Labs' Seamless WETH into their ETH Lower Risk Vault on Base network. The vault automatically diversifies ETH across multiple strategies, including: - Gauntlet-curated collateral parameters - AI-powered rebalancing based on APY and risk - Automated yield optimization Key features: - Hands-off rebalancing - SUMR token rewards - One-click vault switching - Integration with multiple DeFi protocols The platform is backed by notable partners including BlockAnalitica and Gauntlet, with $2.3B+ in managed assets. Users can start earning yield by visiting [summer.fi/earn](https://summer.fi/earn).
SUMR Token Transferability Working Group Launches
Lazy Summer DAO has formed a dedicated working group to enable SUMR token transfers. The initiative will run for 2-4 weeks with these key objectives: - Define token transfer readiness criteria - Develop tokenomics models - Create implementation checklist - Draft governance proposals (SIPs) The working group kicks off Monday, July 21st. Community members can track progress and contribute via the [governance forum](https://forum.summer.fi/t/rfc-sumr-transfer-readiness-working-group/285/17). This follows recent governance activity including new vault proposals for BTC and RWA, plus technical upgrades to Raft contracts.
Market Watch Monday: USDC Vault on Base Chain Performance Update
The USDC Vault on Base chain continues to demonstrate strong performance metrics: - Current APY stands at 7.28% (5.82% above DeFi median) - 30-day average APY: 6.53% (5.07% above median) - Additional SUMR token rewards: 26.24% - Total deposits: 6.29M USDC - Vault capacity: 35% utilized (18M cap) Compared to two weeks ago, while APY decreased from 9.14% to 7.28%, the vault maintains above-market yields. The vault focuses on automated, passive income generation through optimized lending strategies. [Learn more about the vault](https://summer.fi/earn/base/position/0x98c49e13bf99d7cad8069faa2a370933ec9ecf17)