This proposal is for the authorization of the Yield Maxi USDT Cellar. The strategy for the cellar is provided by IntoTheBlock and Seven Seas Capital.

The goals of the strategy are to provide USDT-denominated yields by accessing a variety of stablecoins and yield opportunities. More information about the strategy, including strategy description can be found in the original forum post:

https://community.sommelier.finance/t/sips-121-upcoming-yield-maxi-usdt-proposal/1268

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

Name: Yield Maxi USDT

Cellar share token: YieldMaxiUSDT

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

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

Strategy providers: IntoTheBlock and Seven Seas Capital

Cellar address: 0xf7E20d67aBd4923b4B48320a22A1E81887291296

Etherscan: https://etherscan.io/address/0xf7E20d67aBd4923b4B48320a22A1E81887291296

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

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