This proposal is for the authorization of the Turbo EETH V2 Cellar. The strategy for the cellar is provided by Seven Seas Capital.

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

https://community.sommelier.finance/t/sips-107-upcoming-turboeeth-v2-proposal/1250

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

Name: Turbo EETH

Cellar share token: TurboEETH

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: 0xdAdC82e26b3739750E036dFd9dEfd3eD459b877A

Etherscan: https://etherscan.io/address/0xdAdC82e26b3739750E036dFd9dEfd3eD459b877A

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

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