# \[SIPS-116\] Upcoming Arbitrum Real Yield ETH Proposal

**URL:** <https://community.sommelier.finance/t/sips-116-upcoming-arbitrum-real-yield-eth-proposal/1262>\
**Category:** Other Stuff\
**Created:** [February 7, 2024, 6:43pm UTC](https://community.sommelier.finance/t/sips-116-upcoming-arbitrum-real-yield-eth-proposal/1262 "2024-02-07T18:43:01Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![7seas.capital](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.sommelier.finance/7seas.capital/32/238_2.png) [@7seas.capital](https://community.sommelier.finance/u/7seas.capital)\
**Post date:** [February 7, 2024, 6:43pm UTC](https://community.sommelier.finance/t/sips-116-upcoming-arbitrum-real-yield-eth-proposal/1262/1 "2024-02-07T18:43:01Z")

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# [SIPS-116] Upcoming Arbitrum Real Yield ETH Proposal

## Goal

The goal of this forum post is to discuss the upcoming Cellar proposal asking Governance to accept the Arbitrum Real Yield ETH strategy.

## Context

Real Yield ETH has been the most successful strategy on Sommelier, currently sitting at $40M TVL. With the recent multichain upgrade, Seven Seas is now bringing Real Yield ETH to Arbitrum.

The strategy will accept WETH, wsETH, and rETH as deposit assets and will primarily run a combination of Uniswap V3 LPing and leveraged staking.

## Proposal for cellar authorization for strategy Arbitrum Real Yield ETH

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

**Name** : Real Yield ETH

**Cellar share token** : RYETH

**Strategy providers** : [Seven Seas Capital](https://www.sevenseas.capital/)

**Deployment** : TBD

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

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

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**Author:** ![7seas.capital](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.sommelier.finance/7seas.capital/32/238_2.png) [@7seas.capital](https://community.sommelier.finance/u/7seas.capital)\
**Post date:** [February 12, 2024, 1:01am UTC](https://community.sommelier.finance/t/sips-116-upcoming-arbitrum-real-yield-eth-proposal/1262/2 "2024-02-12T01:01:56Z")

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The Cellar has been deployed here: [CellarWithOracleWithBalancerFlashLoansWithMultiAssetDepositWithNativeSupport | Address 0xC47bB288178Ea40bF520a91826a3DEE9e0DbFA4C | Arbiscan](https://arbiscan.io/address/0xC47bB288178Ea40bF520a91826a3DEE9e0DbFA4C)

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<div class="post-metadata">

**Author:** ![Winfred](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.sommelier.finance/winfred/32/290_2.png) [@Winfred](https://community.sommelier.finance/u/Winfred)\
**Post date:** [February 12, 2024, 2:28pm UTC](https://community.sommelier.finance/t/sips-116-upcoming-arbitrum-real-yield-eth-proposal/1262/3 "2024-02-12T14:28:23Z")

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Happy to vote yes on this, on behalf of Stakecito!