Today Sommelier (SOMM) is traded on 5 exchanges, including Osmosis, CoinEx, Kujira Fin, Gate.io and others. The maximum trading volume is observed for the trading pair SOMM/UOSMO and reaches 5.3 ths. dollars (52% of the total volume across all exchanges). During the week, the minimum price for Sommelier (SOMM) is fixed on Sunday at 0.02 cent. Currently, the token Sommelier is trading in the range of 2.2 cents or 2.23 ruble for 1 SOMM.
SOMM Sommelier
Price of Sommelier (SOMM)
Exchanges where SOMM is traded
Exchange | Pair | Price | Volume, 24h | ||
---|---|---|---|---|---|
1 | Osmosis | SOMM/UOSMO |
$ 0.02
UOSMO 0.0398
|
$ 5,308 | Go |
2 | CoinEx | SOMM/USDT |
$ 0.02
₮ 0.0220
|
$ 2,009 | Go |
3 | Kujira Fin | SOMM/MNTA |
$ 0.02
MNTA 0.1319
|
$ 1,247 | Go |
4 | Gate.io | SOMM/USDT |
$ 0.02
₮ 0.0221
|
$ 1,086 | Go |
5 | Uniswap V3 (Ethereum) | SOMM/WETH |
$ 0.02
WETH 0.0000072
|
$ 548 | Go |
6 | Kujira Fin | SOMM/USK |
$ 0.0099
USK 0.0102
|
$ 1 | Go |
Calculator SOMM
1 SOMM = 0.02 USD
What is Sommelier?
Sommelier is a non-custodial, cross-chain platform for executing actively-managed DeFi investment strategies. Community members can create Cellars that execute on an investment strategy through smart contracts. Cellars are powered by Strategy Providers (SPs) who develop trading strategies and send the recommended actions to the Sommelier Validators to be executed on the Cellar with the intention of gaining yield.
Cellars can be strategies like:
A portfolio of BTC and ETH that is rebalanced based on price trends that machine learning algorithms identify
An NFT trading strategy that leverages Twitter sentiment around particular collections
A strategy that hedges liquidity provision on DEXes
Sommelier employs a unique architecture consisting of the Sommelier Cosmos SDK blockchain, an off-chain execution environment that keeps strategies private while allowing them to leverage a wide variety of off-chain data modeling techniques, and one of the best performing ETH bridges. Strategy instructions are passed across this bridge to reposition assets in Cellars. This bridge is also being expanded to allow access to other chains (like Polygon, Avalanche, etc) so strategies are not tied to just high gas ETH markets.
Sommelier aggregates and batches transactions, thereby reducing gas fees, providing an attractive alternative to Ethereum’s high transaction costs. As for security, Sommelier uses a decentralized governance mechanism run by validators, ensuring state-of-the-art safety of user funds. Validators pass strategy instructions across the bridge, but users’ assets are never moved across it, instead being deployed directly into Cellars. Further, Cellars are non-custodial, meaning that users can withdraw their assets at any time, while strategy providers never have ownership of those assets.
Official websites and links for Sommelier
There are currently about 4 official links to Sommelier websites and social media:
- Website - sommelier.finance
- Twitter - twitter.com/sommfinance
- Reddit - reddit.com
- Facebook - facebook.com