> 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/usdsumr-token.md).
# $SUMR Token
The $SUMR token is the governance token for the Summer Protocol. Holders of $SUMR and those who stake and delegate make up the Lazy Summer DAO, which governs the protocol.
**SUMR is transferable.** Following [\[SIP5.16\]](https://forum.summer.fi/t/sip1-2-1-reduce-protocol-fee-on-eurc-vault-base/765), SUMR became tradable on **21 January 2026** on the Base network (with DAO-supported liquidity on Aerodrome). SUMR now has a market- driven price in addition to its governance and revenue-share utility.
### Utility
* **Govern** the protocol (via Governance V2): onboard/offboard yield sources and networks, set parameters, and direct how revenue and rewards are allocated.
* **Earn more SUMR** by staking (longer locks earn a higher share — see Staking).
* **Share in protocol revenue**: staked SUMR receives a portion of protocol revenue as auto-compounding, USDC-denominated LV vault tokens.
Governance power is based on **staked SUMR (stSUMR)** plus delegation and does **not** decay under Governance V2.
### Token Allocation (Total supply: 1B SUMR)
* **Community (35%, 350M):** the largest allocation; rewards participation and engagement. \~8.5% of total supply was set aside at deployment for governance grants, with the DAO determining distribution of the remaining community allocation.
* **Key Stakeholders & Strategic Partners (25%, 250M):** to strengthen partnerships.
* **Core Contributors (20%, 200M):** for developers, maintainers, and contributors.
* **Foundation (20%, 200M):** development, ecosystem growth, and marketing.
### Contracts
* Contract Address (SUMR):
* Contract Address (stSUMR / Staking V2): \[VERIFY against the deployed Staking V2 module]
* Governor: