🏖️ Lazy Summer Protocol Moves to Merkl for Reward Distribution
Summer.fi is excited to announce that from Friday, 15th August, the Lazy Summer Protocol has moved over from its own staking reward contracts to Merkl for SUMR rewards distribution and claiming for Lazy Vaults.
What Is Merkl?
Merkl is a reward distribution protocol. It empowers third-party protocols, chains, and DAOs to design and launch customized incentive programs that attract liquidity, amplify user engagement, and accelerate growth. To date, they have distributed over $200M worth of rewards for over 150 protocols, including top-tier protocols like Morpho.
Why the Shift to Merkl?
The current staking rewards system requires vault shares to remain in a single staking contract, which prevents them from being used in other protocols and earning rewards at the same time.
By moving to Merkl:
- Vault shares remain eligible for SUMR rewards even when deposited into third-party protocols.
- Transferability of vault shares becomes possible, enabling use as collateral in supported borrow/lend markets.
- The protocol can support strategies such as yield looping, allowing users to earn more when the Vault APY is greater than the respective borrow rates.
This change aligns with the protocol’s growth - now with TVL over $100M and increasing user numbers and opens the door to new product types such as Lazy Loops (subject to governance approval).
What does this mean for me?
The biggest change that comes with moving to Merkl is that all SUMR claims will now be on the Base Network, which is the hub network of the SUMR token. This means staking and delegating will now be easier as there is no need to bridge from other networks. The other change is that SUMR tokens will no longer be streamed block by block, instead, balances and amounts to claim will update around every 6-8 hours.
All claims can still be made through the Summer.fi user interface under the portfolio tab, but also through the Merkl dashboard too, which can be found here for the Lazy Summer Rewards: https://app.merkl.xyz/protocols/summerfinance?tokenType=all&sort=tvl-desc
Network Timeline
- Base → 13 Aug
- Arbitrum → 15 Aug
- Sonic → 16 Aug
- Mainnet → 17 Aug
Why This Matters: This change enables vault tokenization and improves composability of vault tokens within the wider DeFi ecosystem, a feature expected to launch next week.
đź”— Read the full forum discussion here
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Disclaimer: Oazo Apps Limited functions solely as a front-end interface (Summer.fi) provider and it does not act on behalf of any user. Oazo Apps Limited did not launch nor does it operate or control the Lazy Summer Protocol. The Lazy Summer Protocol is accessed through Summer.fi. The information provided herein is provided on behalf of the Lazy Summer Foundation which launched the Protocol for informational purposes only and it does not constitute investment advice. Oazo Apps Limited and the Lazy Summer Foundation are not soliciting or recommending any transaction or guaranteeing any specific returns. Users interact with the Protocol at their own risk. T&C for the use of Summer.fi apply.