This proposal is for the authorization of the Turbo ETHX Cellar. The strategy for the cellar is provided by Seven Seas Capital.

The goals of the strategy are to provide efficient liquidity for the Stader ecosystem. More information about the strategy, including strategy description can be found in the original forum post:

https://community.sommelier.finance/t/sips-112-upcoming-turbo-ethx-proposal/1255

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

Name: Turbo ETHX

Cellar share token: TurboETHX

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

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

Strategy providers: Seven Seas Capital

Cellar address: 0x19B8D8FC682fC56FbB42653F68c7d48Dd3fe597E

Etherscan: https://etherscan.io/address/0x19B8D8FC682fC56FbB42653F68c7d48Dd3fe597E

Source: https://github.com/PeggyJV/cellar-contracts/blob/main/src/base/Cellar.sol

Audits (Macro): https://0xmacro.com/library/audits/sommelier-9.html