Proposal Details
Proposal #127
Proposal title
[SIPS-122] Authorize the Real Yield USD Cellar on Arbitrum
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Deposit end time
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Proposal #127 description
This proposal is for the authorization of the Real Yield USD Arbitrum Cellar. The strategy for the cellar is provided by Seven Seas Capital.
The goals of the strategy are to provide best-in-class organic stablecoin yields on Arbitrum. More information about the strategy can be found in the original forum post:
https://community.sommelier.finance/t/sips-122-upcoming-real-yield-usd-arbitrum-proposal/1269
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: 0x392B1E6905bb8449d26af701Cdea6Ff47bF6e5A8
Arbscan: https://arbiscan.io/address/0x392B1E6905bb8449d26af701Cdea6Ff47bF6e5A8
Source: https://github.com/PeggyJV/cellar-contracts/blob/main/src/base/Cellar.sol
Audits (Macro): https://0xmacro.com/library/audits/sommelier-15.html