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