Date: 2026-03-01
Cellar: Real Yield ETH (0xb5b29320d2dde5ba5bafa1ebcd270052070483ec)
Chain: Ethereum Mainnet
Status: Users cannot withdraw. Strategist rebalance required.
Users cannot withdraw from the Real Yield ETH cellar because totalAssetsWithdrawable() returns 1 wei (effectively zero), despite the cellar holding ~85.4 ETH in total assets. The root cause is that nearly all assets (~74.7 ETH) are deposited into the TurboSTETH cellar (0xfd6db5011b171b05e1ea3b92f9eacaeeb055e971), which the withdrawal path does not treat as a liquid position. A strategist rebalance to redeem TurboSTETH shares back to WETH will immediately resolve the issue.
| Metric | Value |
|---|---|
totalAssets() |
85.43 ETH |
totalAssetsWithdrawable() |
1 wei (~0 ETH) |
totalSupply() |
72.97 shares |
isShutdown() |
false |
isPaused() |
false |
shareLockPeriod() |
600s (10 min) |
| Position | Type | Asset | Balance | Withdrawable via redeem()? |
|---|---|---|---|---|
| #199 -- TurboSTETH | Cellar-in-cellar | TurboSTETH shares | 74.68 shares (~85.4 ETH) | No -- adaptor not on withdrawal path |
| #163 -- wstETH | ERC20 | wstETH | 0.098 wstETH (~0.11 ETH) | Yes |
| #186, #187, #185 -- Uni V3 | LP positions | WETH pairs | ~10.66 ETH (estimated) | No -- illiquid LP NFTs |
| #101 -- WETH (holding) | ERC20 | WETH | 0 ETH | Yes (but empty) |
| #156, #190 -- Aave | aTokens | aWETH v2/v3 | 0 ETH | Yes (but empty) |
| #102 -- cbETH | ERC20 | cbETH | 0 | Yes (but empty) |
| #103 -- rETH | ERC20 | rETH | 0 | Yes (but empty) |
87.5% of assets sit in TurboSTETH. The holding position (WETH) is empty.
When a user calls redeem(), the cellar iterates through its credit positions and attempts to pull assets from ones marked as liquid/withdrawable. The TurboSTETH adaptor (position #199) does not appear on the cellar's withdrawal path -- its withdrawableFrom() returns 0 or reverts. This means the cellar cannot pull assets from TurboSTETH during a user-initiated redemption, even though TurboSTETH itself is fully liquid.
The UI catches the resulting Cellar__IlliquidWithdraw revert and shows: "You are attempting to withdraw beyond the liquid reserve. Please submit a withdraw request via the withdraw queue."
TurboSTETH can return the funds immediately:
| TurboSTETH Metric | Value |
|---|---|
totalAssets() |
128.53 ETH |
totalAssetsWithdrawable() |
116.90 ETH (91% liquid) |
maxRedeem(RYETH cellar) |
74.68 shares (full balance) |
previewRedeem(74.68 shares) |
85.43 WETH |
isShutdown() |
false |
There is more than enough liquidity in TurboSTETH to cover a full redemption of the Real Yield ETH cellar's shares.
Prerequisites (all verified as met):
- TurboSTETH adaptor (
0x3B5CA5de4d808Cd793d3a7b3a731D3E67E707B27) is in the cellar'sadaptorCatalogue - Adaptor is trusted in the Sommelier registry (
0x3051e76...) - Cellar is not shutdown or paused
- TurboSTETH has sufficient liquidity (116.9 ETH withdrawable vs 74.7 needed)
-
maxRedeemconfirms full balance is redeemable
Execution path:
- Seven Seas / Veda submits a
callOnAdaptorgovernance proposal on the Sommelier chain - The call targets adaptor
0x3B5CA5de4d808Cd793d3a7b3a731D3E67E707B27to redeem all 74,678,454,069,894,764,608 TurboSTETH shares - The Sommelier chain relays the call via the Gravity Bridge (owner:
0x69592e6f9d21989a043646fE8225da2600e5A0f7) to the cellar on Ethereum mainnet - TurboSTETH returns ~85.43 WETH to the Real Yield ETH cellar
- WETH lands in the holding position (#101)
totalAssetsWithdrawable()updates to reflect ~85.4 ETH- Users can
redeem()directly
After the rebalance, users should be able to withdraw their full positions. The WithdrawalWarningBanner in the UI already states Real Yield ETH is "fully available for withdrawal" -- this rebalance would make that claim accurate on-chain.
- Strategist (Seven Seas / Veda): Veda Discord | @veda_labs on X
- Somm support: Telegram | @sommfinance on X