[SIPS-109] Upcoming Yield Maxi USDC Proposal
Goal
The goal of this forum post is to discuss the upcoming Cellar proposal asking Governance to accept the Max Yield USD strategy.
Context
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)