# \[SIPS-092\] Upcoming TurboEETH Cellar Proposal

**URL:** <https://community.sommelier.finance/t/sips-092-upcoming-turboeeth-cellar-proposal/1217>\
**Category:** Governance\
**Created:** [November 17, 2023, 5:50am UTC](https://community.sommelier.finance/t/sips-092-upcoming-turboeeth-cellar-proposal/1217 "2023-11-17T05:50:34Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![7seas.capital](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.sommelier.finance/7seas.capital/32/238_2.png) [@7seas.capital](https://community.sommelier.finance/u/7seas.capital)\
**Post date:** [November 17, 2023, 5:50am UTC](https://community.sommelier.finance/t/sips-092-upcoming-turboeeth-cellar-proposal/1217/1 "2023-11-17T05:50:34Z")

</div>

# [SIPS-092] Upcoming TurboEETH Cellar Proposal

## Goal

The goal of this forum post is to discuss the upcoming Cellar proposal asking Governance to accept the Turbo EETH strategy.

## Context

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:

- eETH
- WETH

and the following protocols:

- Uniswap V3
- Balancer

## Proposal for cellar authorization for strategy Turbo EETH

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](https://www.sevenseas.capital/)

**Deployment** : [https://etherscan.io/address/0x0c190ded9be5f512bd72827bdad4003e9cc7975c](https://etherscan.io/address/0x9a7b4980C6F0FCaa50CD5f288Ad7038f434c692e)

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

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