Prop 25: [SIPS-026] Authorize the SteadyUNI Cellar

This proposal is for the authorization of the SteadyUNI Cellar. The strategy for the cellar is provided by Patache Digital.

SteadyUNI is a long-only strategy that aims to predict large price changes in UNI, and capitalize on those predictions while ensuring long-term capital preservation. It accomplishes this by only risking a small percentage of the portfolio on any given trade. More information about the strategy, including strategy description and backtesting results can be found in the original forum post:

https://community.sommelier.finance/t/sips-025-026-upcoming-patache-digital-steadyUNI-steaduni-cellar-proposals/1043

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

Name: Steady UNI

Cellar share token: SteadyUNI

Platform fee: 2% (1.5% for strategy provider + 0.5% for protocol)

Performance fee: 10% (7.5% for strategy provider + 2.5% for protocol)

Strategy provider: Patache Digital (https://www.algoreturns.com/patache/)

Cellar managed by: 7Seas (https://www.7seas.capital/)

Cellar address: 0x6f069f711281618467dae7873541ecc082761b33

Etherscan: https://etherscan.io/address/0x6f069f711281618467dae7873541ecc082761b33

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

Audits (Macro): https://0xmacro.com/library/audits/sommelier-3.html

The strategy for the cellar is provided by Patache, including strategy development, continuous maintenance, and signal generation. 7Seas Capital has developed tooling and infrastructure as per Governance proposal SIPS-012 and will manage the proposed Cellar. Management of the Cellar means that 7Seas will act as an intermediary institution by providing strategy integration services to Patache, including forwarding strategy signals generated by Patache to be submitted on-chain for execution.