# \[SIPS-131\] Upcoming Optimism Real Yield ETH Proposal

**URL:** <https://community.sommelier.finance/t/sips-131-upcoming-optimism-real-yield-eth-proposal/1282>\
**Category:** Governance\
**Created:** [February 26, 2024, 5:05am UTC](https://community.sommelier.finance/t/sips-131-upcoming-optimism-real-yield-eth-proposal/1282 "2024-02-26T05:05:08Z")\
**Posts on this page:** 1\
**Page:** 1

<div class="post-metadata">

**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 26, 2024, 5:05am UTC](https://community.sommelier.finance/t/sips-131-upcoming-optimism-real-yield-eth-proposal/1282/1 "2024-02-26T05:05:08Z")

</div>

# [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](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)