> For the complete documentation index, see [llms.txt](https://docs.summer.fi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.summer.fi/lazy-summer-protocol/governance.md).

# Governance

To participate in governance decisions for the Summer Protocol, visit [forum.summer.fi](https://forum.summer.fi) and [gov.summer.fi](https://gov.summer.fi). These platforms provide a comprehensive list of all closed, ongoing, and upcoming proposals for the Summer DAO. By voting, $SUMR holders can directly influence the protocol's future.

Governance now operates under **Governance V2**, powered by **Staking V2**. Governance power is derived from **staked SUMR (stSUMR)** and delegation, and unlike V1, it does **not** decay over time.

## Voting Power

Voting power in the Lazy Summer DAO is determined by the amount of staked $SUMR (stSUMR) you hold or have been delegated. The governance system tracks stSUMR ownership and delegation at the time of each proposal's snapshot.

Under Governance V2, voting power is **constant** for the duration of your stake or lock; there is no voting-power decay. (The previous V1 decay mechanism has been retired see the [Staking page](https://docs.summer.fi/~/revisions/JU8hp8HXnIoqAVgQjTR0/lazy-summer-protocol/governance/usdsumr-token/staking) for details on how V2 replaced it.)

## Key Participants in Governance

1. **Delegates**: Delegates hold voting power through self-delegation or delegation from community members who trust them. Active delegates who meet the eligibility criteria of the Delegate Rewards Framework may be compensated from the DAO treasury (see [Rewards](/lazy-summer-protocol/governance/rewards.md)).
2. **Delegators**: Delegators are stakers who delegate their voting power to a trusted delegate to represent their interests. Delegators retain full ownership of their tokens at all times and can re-delegate whenever they wish.

## Validation of Proposals

For a proposal to pass, it must reach a quorum. The quorum for governance proposals is set at 30% of the circulating supply, which is 50.38M stSUMR tokens.

The voting period for general proposals lasts 4 days, followed by a 48-hour timelock to finalize the decision and implement changes. While there is no mandatory waiting period before initiating a vote, proposers are strongly encouraged to discuss their ideas on the Summer Governance Forum before submitting an official proposal.

For more details on Summer Improvement Proposals (SIPs) please refer to the forum: <https://forum.summer.fi/c/governance/15>

## Delegation

Delegation lets you assign your voting power to another member of the community (a "delegate") while keeping ownership of your tokens. Note that staking or migrating in Staking V2 resets prior delegation, so you must re-delegate after staking.

More info: [Delegation](/lazy-summer-protocol/governance/usdsumr-token/delegation.md)