This proposal is for the authorization of the Real Yield ETH 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 organic ETH yields on Ethereum Mainnet. More information about the strategy, including strategy description and estimated APY can be found in the original forum post:
https://community.sommelier.finance/t/sips-037-upcoming-real-yield-eth-cellar-proposal/1100/6
If approved, the chain will accept signed function calls submitted to the cellar contract from the strategy provider.
Name: Real Yield ETH
Cellar share token: YieldETH
Platform fee: 2% (1.5% for strategy provider + 0.5% for protocol)
Performance fee: 20% (15% for strategy provider + 5% for protocol)
Strategy providers: Seven Seas Capital and DeFine Logic Labs
Cellar address: 0xb5b29320d2Dde5BA5BAFA1EbcD270052070483ec
Etherscan: https://etherscan.io/address/0xb5b29320d2dde5ba5bafa1ebcd270052070483ec
Source: https://github.com/PeggyJV/cellar-contracts/blob/main/src/base/Cellar.sol
Audits (Macro): https://0xmacro.com/library/audits/sommelier-7.html