Stakewolle Governance 05.05

5 May 2023

1 min read

Stakewolle Governance 05.05

Stakewolle votes Yes on Sommelier proposals #51, 52, 53

Prop#51 is intended to authorize a one-time transfer from the community pool to the CellarStaking contract. These funds will be used to encourage participation in the DeFi Stars vault.

Prop#52 for addition of wstETH to Real Yield ETH. RYETH primarily earns yield through a combination of leveraged staking and LPing on Uniswap V3. the addition of wstETH could also potentially increase the liquidity of the asset, as it would be added to Real Yield ETH's set of usable assets. This would make it easier for investors to access and trade wstETH, which could potentially increase demand for the asset.

Prop#53 for additional liquidity incentives on the Real Yield ETH Cellar. This proposal is intended to authorize a one-time transfer to the CellarStaking contract, which will be used to further incentivize cellar depositors on Ethereum Mainnet. Funds will be spent to promote the vault and attract new depositors by extending incentives for another 30 days

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