The goal of this forum post is to discuss the upcoming Cellar proposal asking Governance to accept the Turbo DIVETH strategy.
Diva is an upcoming liquid staking provider that has already seen large pre-launch adoption in the form of vaults.
Their Enzyme pre-launch vault in particular has been highly successful, amassing over $35M in TVL.
We see an opportunity to provide a similar but differentiated service to the Diva community through a Sommelier vault. The vault will accept the Balancer rETH-ETH BPT as deposit asset (and accounting asset) and will hold the assets until divETH goes live.
Once divETH goes live, the vault will deploy the capital to support liquidity between rETH-divETH and divETH-ETH.
This vault enables participation from Rocketpool community members while remaining value additive to both ecosystems.
If approved, the chain will accept signed function calls submitted to the cellar contract from the strategy provider.
Name: Turbo DIVETH
Cellar share token: TurboDIVETH
Strategy providers: Seven Seas Capital
Platform fee: 0.25% (0.22% for strategy provider + 0.03% for protocol)
Performance fee: 20% (17% for strategy provider, 3% for protocol)