[SIPS-109] Upcoming Yield Maxi USDC Proposal

[SIPS-109] Upcoming Yield Maxi USDC Proposal


The goal of this forum post is to discuss the upcoming Cellar proposal asking Governance to accept the Max Yield USD strategy.


This vault is a collaboration between IntoTheBlock and Seven Seas. IntoTheBlock is a blockchain analytics company with deep expertise in extracting valuable insights from on-chain data, including risk assessment and yield optimization.

The collaboration between IntoTheBlock’s advanced data analytics and Seven Seas’ expertise in building state-of-the-art vaults significantly enhances the capabilities of Sommelier Cellar. This partnership marks a significant victory for the Sommelier ecosystem

The Max Yield USD (final name TBD) is a USDC-denominated vault that maximizes yield by allocating to a growing set of stablecoin strategies.

The vault will accept USDC as the deposit asset.

The initial set of assets that the vault will have access to are:

  • USDC
  • USDT
  • crvUSD
  • sDAI

and the initial set of protocols are:

  • Aave
  • Compound
  • Balancer
  • Curve/Convex

Proposal for cellar authorization for strategy Max Yield USDC

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

Name: Yield Maxi USD

Cellar share token: YieldMaxiUSD

Strategy providers: Seven Seas and IntoTheBlock

Deployment: CellarWithOracleWithBalancerFlashLoans | Address 0x991Fc0B9f027A80E2d642Eb260a41FfC14b2f450 | Etherscan

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

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