[SIPS-123] Upcoming Turbo rsETH Proposal
Goal
The goal of this forum post is to discuss the upcoming Cellar proposal asking Governance to accept the Turbo rsETH strategy on Ethereum Mainnet.
Context
Kelp DAO is one of the largest liquid restaking token providers with over $400M in TVL. We see an opportunity in bringing Sommelier’s liquidity provisioning capabilities to the Kelp community with an rsETH focused vault.
The vault will accept WETH and rsETH as deposit assets, and take exposure to the following protocols:
- Uniswap V3
- Morpho Blue
- Balancer
- Curve
Proposal for cellar authorization for strategy Turbo RSETH
If approved, the chain will accept signed function calls submitted to the cellar contract from the strategy provider.
Name: Turbo RSETH
Cellar share token: TurboRSETH
Strategy providers: Seven Seas 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)