[SIPS-131] Upcoming Optimism Real Yield ETH Proposal
Goal
The goal of this forum post is to discuss the upcoming Cellar proposal asking Governance to accept the Optimism 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 Optimism.
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 Optimism 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
Deployment: TBD
Platform fee: 1% (0.85% for strategy provider + 0.15% for protocol)
Performance fee: 20% (17% for strategy provider, 3% for protocol)