Proposal Details
Proposal #85
Proposal title
[SIPS-080] Authorize the ETH Trend Growth Cellar
Submit time
Deposit end time
Voting start time
Voting end time
Tally result
Proposal #85 description
This proposal is for the authorization of the ETH Trend Growth Cellar. The strategy for the cellar is provided by Silver Sun Capital.
The purpose of the strategy is to maximizes exposure to the upside volatility of ETH while exiting positions during downside volatility. More information about the strategy, including strategy description can be found in the original forum post:
https://community.sommelier.finance/t/upcoming-eth-trend-growth-cellar-proposal/1186
If approved, the chain will accept signed function calls submitted to the cellar contract from the strategy provider.
Name: ETH Trend Growth
Cellar share token: ETHGROWTH
Platform fee: 1% (0.75% for strategy provider + 0.25% for protocol)
Performance fee: 20% (15% for strategy provider + 5% for protocol)
Strategy provider: Silver Sun Capital
Cellar address: 0x6c51041A91C91C86f3F08a72cB4D3F67f1208897
Etherscan: https://etherscan.io/address/0x6c51041a91c91c86f3f08a72cb4d3f67f1208897
Source: https://github.com/PeggyJV/cellar-contracts/blob/main/src/base/Cellar.sol
Audits (Macro): https://0xmacro.com/library/audits/sommelier-9.html
Seven Seas will act as an intermediary institution by providing strategy integration services to Silver Sun Capital, including forwarding strategy signals generated by Silver Sun Capital to be submitted on-chain for execution