[SIPS-124] Upcoming Turbo ezETH Proposal
Goal
The goal of this forum post is to discuss the upcoming Cellar proposal asking Governance to accept the Turbo ezETH strategy on Ethereum Mainnet.
Context
Renzo is one of the largest liquid restaking token providers with over $300M in TVL. We see an opportunity in bringing Sommelier’s liquidity provisioning capabilities to the Renzo community with an ezETH focused vault.
The vault will accept WETH and ezETH as deposit assets, and take exposure to the following protocols:
- Uniswap V3
- Morpho Blue
- Balancer
- Curve
Proposal for cellar authorization for strategy Turbo EZETH
If approved, the chain will accept signed function calls submitted to the cellar contract from the strategy provider.
Name: Turbo EZETH
Cellar share token: TurboEZETH
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)