This proposal is for the authorization of the RYUSD 2.0 Cellar. The strategy for the cellar is provided by Seven Seas Capital.

The goals of the strategy are to provide best-in-class stablecoin yields. More information about the strategy can be found in the original forum post:

https://community.sommelier.finance/t/sips-120-upcoming-real-yield-usd-2-0-proposal/1267

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

Name: Real Yield USD

Cellar share token: RYUSD

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: 0x6285e597eCF1398c2a22fB91949486d092e540C8

Etherscan: https://etherscan.io/address/0x6285e597eCF1398c2a22fB91949486d092e540C8

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

Audits (Macro): https://0xmacro.com/library/audits/sommelier-14.html