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Turbo divETH

Turbo divETH Vault by Sommelier, sponsored by Seven Seas Finance​

This is an independently run initiative approved by the Diva Staking DAO in DIP-07.

Stage​

Open for deposits, currently in Tranche 1 (2.5 DIVA / ETH / day)

Timeline​

  • Pre-mainnet launch: Aims to engage Rocket Pool community and rETH holders before Diva’s ecosystem fully launches.
  • Dynamic liquidity provisioning: Strategies to be implemented already prior to mainnet, with specific dates and phases coming soon. 🔜 WETH
  • 11 month accrual period: Rewards continue for 11 months after launch to promote long-term engagement.

Purpose​

This vault addresses the inclusivity of the Rocket Pool community and other rETH holders, fostering a broader and more diversified participant base.

Benefits​

The vault is key in establishing intelligent, long-term engagement across the divETH ecosystem.

👉 Visit the Turbo divETH page to get started https://app.sommelier.finance/strategies/Turbo-divETH/manage

How does it work​

You can deposit Balancer pool token rETH/ETH (also soon WETH) to signal your support for the Diva Staking launch. Every installment will earn DIVA tokens for every day in the vault starting 30 days before mainnet launch date.

TVL commitments are important, because they attract Liquid Stakers, Operators and facilitate integrations.

Vault description​

BPT tokens will be staked on Aura to earn compound rewards until Diva Staking launches.

Once Diva Staking goes live, the assets in the BPT can be used in divETH-powered yield opportunities including a potential Balancer rETH-divETH pool, essentially converting the committed ETH into divETH and adding liquidity for rETH-divETH on a major decentralized exchange.

Vault is non-custodial, allowing depositors to withdraw their funds anytime.

Rewards​

The more BPT tokens you deposit, the more DIVA tokens you will get. You can find the daily reward amount valid for your deposit tranche in the ‘Calculation’ table.

When you BPT tokens, you will get both Aura staking rewards and DIVA tokens when they start accruing. For example, depositing 10 rETH BPT (into the first tranche) and staying in the vault for the maximum duration will result in 9,125 DIVA rewards plus the Aura staking rewards before Diva launch and then other divETH-powered yield-generating strategy after launch.

DIVA transferability​

Please note that DIVA is currently non-transferable and not trading, which means that a token price cannot be established.

DIVA token will only become transferable if approved by the Diva Staking DAO. You can check the latest DAO proposal concerning transferability on Tally.

Sommelier protocol infrastructure​

The program is made possible with Sommelier’s on-chain asset management infrastructure and non-custodial smart contract architecture. Stakers retain full self-custody of their funds at all times.

For the full Terms & Conditions, see proposal on Tally.

See the full list of Sommelier Smart Contracts here.

👉 Visit the Turbo divETH page to get started https://app.sommelier.finance/strategies/Turbo-divETH/manage