This proposal is for the authorization of the Real Yield ETH Optimism Cellar. The strategy for the cellar is provided by Seven Seas Capital.

The goals of the strategy are to provide best-in-class organic ETH yields on Optimism. More information about the strategy, including strategy description can be found in the original forum post:

https://community.sommelier.finance/t/sips-131-upcoming-optimism-real-yield-eth-proposal/1282

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

Name: Real Yield ETH

Cellar share token: RYETH

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: 0xC47bB288178Ea40bF520a91826a3DEE9e0DbFA4C

Optimistic Etherscan: https://optimistic.etherscan.io/address/0xC47bB288178Ea40bF520a91826a3DEE9e0DbFA4C

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

Audits (Macro): https://0xmacro.com/library/audits/sommelier-15.html