Say Hello to $SUMR: The token that powers DeFi’s best AI-powered yield optimizer
$SUMR is the native token powering DeFi's most sophisticated yield optimization protocol. It's designed with a single focus: giving you effortless access to the app with the best-quality yields in DeFi, automatically balanced and optimized by AI-powered Keepers.
What is $SUMR?
$SUMR gives you the power to govern the Lazy Summer Protocol, designed to help users earn more, save time, and reduce costs in yield optimization. Launching on February 11th, 2025.
Holding $SUMR gives you the power to curate the best DeFi yields, hold Lazy Summer Protocol contributors accountable, and influence how protocol revenue is allocated for growth and sustainability. The AI-keepers handle position rebalancing without you lifting a finger and leaving emotions aside, while the Risk Curator monitoring protects against yield degradation and unwanted assets.
$SUMR token holders are empowered to influence the protocol’s growth and development actively in several ways:
1. Curating DeFi Yield Opportunities:
- Approving or offboarding markets to ensure the best and safest yield opportunities are available through the Lazy Summer Protocol.
2. Holding Contributors Accountable:
- Monitoring and ensuring third-party contributors, such as Keepers and Risk Curators, perform their duties responsibly and consistently manage risks.
3. Allocating Protocol Revenue:
- Deciding how protocol revenue is spent, including allocating SUMR token rewards, issuing grants, and balancing immediate growth with long-term sustainability.
$SUMR Token Distribution
The total supply of $SUMR is capped at 1 billion tokens, thoughtfully distributed to support the protocol’s growth and sustainability:
• Community (35%, 350M): The largest allocation ensures the community remains the driving force behind $SUMR, rewarding active participation and engagement. At deployment, approximately 8.5% of the total supply, is set aside for governance grants. However, it is ultimately the DAO's responsibility to determine how the entire community allocation is distributed, ensuring flexibility and alignment with the protocol's goals.
• Key Stakeholders and Strategic Partners (25%, 250M): These tokens are set aside to strengthen collaborations and build a resilient ecosystem through key partnerships.
• Core Contributors (20%, 200M): Dedicated to the developers, maintainers, and contributors who power the protocol’s evolution and innovation.
• Foundation (Development, Ecosystem Growth and Marketing) (20%, 200M): Reserved to fund ongoing development, expand the ecosystem, and drive long-term growth initiatives.
This distribution reflects a deliberate approach to empowering the community, rewarding contributors, and supporting the protocol’s long-term success.
$SUMR Eligibility
If you have previously used Summer.fi to Borrow, Multiply or Yield Loop to earn RAYS, you will be eligible for SUMR.
2.26 $RAYS = 1 $SUMR
On Friday 24th January, Phase 2 of the $RAYS Points Program ended with a snapshot of all RAYS currently allocated. These have been converted to 41,100,000 SUMR tokens, at a conversion rate of ~2.26 Rays per SUMR token.
Participants can claim their $SUMR tokens by checking eligibility on lazy.summer.fi/earn/sumr. Once you have connected your wallet, follow the instructions to confirm your $SUMR allocation.
What can I do next?
Put your $SUMR to work through staking and delegation. By doing so, you’re contributing to the future of the Lazy Summer Protocol and earning additional $SUMR rewards.
Your delegate choice matters, look for an active delegate who consistently participates in governance. Keep an eye on their voting power decay factor, which increases if they miss votes or stop participating in governance. Higher decay means lower rewards for you, so regularly review your delegation and adjust to an active delegate if necessary.
Get to know the best delegate that aligns with your values: https://forum.summer.fi/c/delegates/19
How to Earn $SUMR
There’s more than one way to earn $SUMR token rewards!
Getting your hands on $SUMR is simple and rewarding! You can follow two main paths to maximize your participation and rewards in the Lazy Summer Protocol:
1. Stake and Delegate Your Earned $SUMR
- Stake and Delegate your $SUMR tokens: Earn additional SUMR rewards by Staking and Delegating your tokens once you have claimed them.
- Monitor your Delegate: You must be delegating to an active Delegate. If your Delegates Vote and Reward Power starts to drop through inactivity, so do your SUMR rewards.
2. Be a Delegate, vote on proposals and be rewarded in $SUMR
- Earn while contributing: By having voting power delegated to you from other SUMR token holders, you can vote and help shape the future of the Lazy Summer Protocol and be rewarded in SUMR tokens.
- Be rewarded only when you're active: If Delegates don’t vote, their vote and reward power drops, meaning they not only have less influence on the protocol, but their rewards, and those delegating to them also drop away.
- Fixed rate of SUMR per month: The higher proportion of SUMR delegated to you means more SUMR rewards if you remain active.
3. Continue to Borrow, Multiply and Yield-loop on the Summer.fi app as it is today.
- The current Summer.fi app will soon be moving to pro.summer.fi, and you will continue to accrue Season 2 RAYS for all the actions you undertake on it.
- In 3 months time, another snapshot will be taken for the next RAYS airdrop of SUMR tokens, based on Season 2 totals.
- The more you use the app, the more RAYS you can earn.
4. Participate in the new Lazy Summer Protocol (soon)
- Once the Lazy Summer Protocol launches on February 11th 2025, deposit into Lazy Summer Protocol Vaults and unlock rewards by actively participating.
- Daily rewards: ~215,000 $SUMR tokens are distributed daily to active participants.
- Automatic compounding: Your rewards grow over time as they compound automatically within the vaults.
Key Dates to Remember
The full protocol launches on February 11th, 2025, alongside the start of $RAYS Season 2, giving you the perfect opportunity to dive in and start earning $SUMR!
Why Non-Transferable Matters
$SUMR launches with a minimum non-transferability period – a feature, not a bug. Until July 1st 2025, the SUMR token cannot be transferred, traded or sold. From this date, governance can vote to enable the transferability of the token. This deliberate choice will help keep the focus solely on the first months of the protocol launch, and prevents early dumping and price manipulation while ensuring governance power stays with actual users. It creates a foundation of committed long-term holders who understand and believe in the protocol's vision.
As the protocol launch approaches, it's time to gear up for active participation. Comprehensive resources, including, governance guides, and frameworks for effective governance, will soon be available to help you get the most out of the protocol. Check out the governance documentation and the Summer.fi Forum to get started and stay informed as more resources are released.
The Road Ahead
The protocol will launch on Base, Arbitrum, and Mainnet, featuring ETH, USDC, and USDT vaults from day one.
Accessing the platform is simple—users can sign in via email, social login, passkeys, or traditional wallets.
With this launch, the current Summer.fi app will transition to pro.summer.fi, providing advanced features for more experienced users.
Claim your $SUMR, Prepare for Lazy Summer Protocol Launch
• Check Your RAYS Eligibility: See if you qualify and claim your $SUMR tokens today.
• Claim Your $SUMR: Don’t miss your chance to secure your share and get involved early.
• Sign Up for Launch Updates: Be the first to know when the protocol goes live on February 11th, 2025.
Claim and stake your $SUMR airdrop at lazy.summer.fi/earn/sumr
Getting in touch
If you have any questions regarding Summer.fi, contact us at support@summer.fi or our social media.
Oazo Apps Limited functions solely as a front-end interface provider and does not launch, operate, or issue tokens for the Lazy Summer Protocol. The information provided is for informational purposes only and does not constitute investment advice. Users interact with the protocol at their own risk.