sommelier

Prop 76: [SIPS-071] Authorize the Turbo SWETH Cellar

This proposal is for the authorization of the Turbo SWETH Cellar. The strategy for the cellar is provided by Seven Seas Capital and DeFine Logic Labs.

The goals of the strategy are to provide best-in-class yields that utilize the SWETH asset, and to provide efficient liquidity to the Swell ecosystem. More information about the strategy, including strategy description can be found in the original forum post:

https://community.sommelier.finance/t/sips-071-upcoming-turbo-sweth-cellar-proposal/1170/2

If approved, the chain will accept signed function calls submitted to the cellar contract from the strategy provider.


Name: Turbo SWETH

Cellar share token: TurboSWETH

Platform fee: 1% (0.75% for strategy provider + 0.25% for protocol)

Performance fee: 20% (15% for strategy provider + 5% for protocol)

Strategy providers: Seven Seas Capital and DeFine Logic Labs

Cellar address: 0xd33dAd974b938744dAC81fE00ac67cb5AA13958E

Etherscan: https://etherscan.io/address/0xd33dAd974b938744dAC81fE00ac67cb5AA13958E

Source: https://github.com/PeggyJV/cellar-contracts/blob/main/src/base/Cellar.sol

Audits (Macro): https://0xmacro.com/library/audits/sommelier-9.html