[SIPS-112] Upcoming Turbo ETHX Proposal
Goal
The goal of this forum post is to discuss the upcoming Cellar proposal asking Governance to accept the Turbo ETHX strategy.
Context
Stader is a liquid staking protocol with over $300M in TVL across Ethereum, Polygon, Hedera, and several other chains.
ETHX is one of the most established and growing LSTs in DeFi.
As a result, a Sommelier vault that optimizes over the existing and growing set of ETHX opportunities is a natural fit.
The Turbo ETHX vault will accept WETH and ETHX as deposit assets, and access yield on the following protocols:
- Uniswap V3
- Curve/Convex
- Balancer
- Morpho Blue
Proposal for cellar authorization for strategy Turbo ETHX
If approved, the chain will accept signed function calls submitted to the cellar contract from the strategy provider.
Name: Turbo ETHX
Cellar share token: TurboETHX
Strategy providers: Seven Seas Capital
Platform fee: 1% (0.85% for strategy provider + 0.15% for protocol)
Performance fee: 20% (17% for strategy provider, 3% for protocol)