[SIPS-112] Upcoming Turbo ETHX Proposal

[SIPS-112] Upcoming Turbo ETHX Proposal


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


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

Deployment: CellarWithOracleWithBalancerFlashLoansWithMultiAssetDepositWithNativeSupport | Address 0x19B8D8FC682fC56FbB42653F68c7d48Dd3fe597E | Etherscan

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

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