sommelier

Prop 111: [SIPS-104] Authorize the Morpho ETH Maximizer Cellar

This proposal is for the authorization of the Morpho ETH Maximizer Cellar. The strategy for the cellar is provided by Seven Seas Capital.

The goals of the strategy are to capture the growing yield opportunities in the Morpho Blue ecosystem. More information about the strategy, including strategy description can be found in the original forum post:

https://community.sommelier.finance/t/sips-104-upcoming-morpho-eth-maximizer-proposal/1247/2

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


Name: Morpho ETH Maximizer

Cellar share token: MaxMorphoETH

Platform fee: 1%(0.85% for strategy provider + 0.15% for protocol)

Performance fee: 20% (17% for strategy provider + 3% for protocol)

Strategy providers: Seven Seas Capital

Cellar address: 0xcf4B531b4Cde95BD35d71926e09B2b54c564F5b6

Etherscan: https://etherscan.io/address/0xcf4B531b4Cde95BD35d71926e09B2b54c564F5b6

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

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