The goal of this forum post is to discuss the upcoming Cellar proposal asking Governance to accept the Turbo EETH strategy.
EtherFi is a liquid re-staking protocol built on top of Eigenlayer. Their liquid restaking token, eETH, went live on November 15, 2023. Sommelier vaults have demonstrated an effectiveness in creating efficient on-chain liquidity. We see an opportunity in bringing Sommelier liquidity provisioning to the EtherFi community.
The TurboEETH vault will accept ETH as deposit asset and will provide eETH/WETH liquidity on Uniswap V3 and Balancer to help create robust liquidity.
The vault will take exposure to the following assets:
and the following protocols:
- Uniswap V3
If approved, the chain will accept signed function calls submitted to the cellar contract from the strategy provider.
Name: Turbo EETH
Cellar share token: TurboEETH
Strategy providers: Seven Seas Capital
Platform fee: 1% (0.75% for strategy provider + 0.25% for protocol)
Performance fee: 20% (15% for strategy provider, 5% for protocol)