Sommelier (SOMM) Live Price and charts Today

1 Sommelier (SOMM) Price Today in USD is $0.130927

Sommelier (SOMM) = $0.130927 USD

Sommelier (SOMM) all-time high (ATH) is $0.527266 USD

The maximum supply of Sommelier (SOMM) is 500,000,000.00

Sommelier (SOMM) 24h volume is $19129.70 USD

Sommelier (SOMM) Market Cap is $37.73 Million(s) USD

Sommelier
$0.130927
-18.39%
Time Interval :
Time Range :
  • .csv
  • .xls
  • .xlsx
  • Rank #600
  • Market Cap -18.05% $37,730,871
  • 24H Spot Volume 1.60% $19,129.70
  • 24H Volume / Market Cap -
  • Circulating Supply 288,182,869.00
  • Total Supply 500,000,000
  • Max Supply 500,000,000.00
  • Fully Diluted Valuation $65,463,418
  • API ID sommelier copy duigou
  • Project Start Date -
  • Contracts & Explorer(s) coin-img ibc/9...F5F5E
    copy duigou
  • Websites Website
  • Links
    • icon
    • icon
    • icon
    • icon
About SOMM Roadmap & Milestones
Sommelier is an automated investment management protcol on Cosmos SDK, enabling users to create dynamic vaults called Cellar with positions adjusted based on live-market data.

Sommelier is a decentralized protocol that empowers community members to automate DeFi investment management in an atomized and independent manner. Community members can create Cellars that execute on an investment strategy through smart contracts. Cellars are powered by data feed providers who send market data to the Cellar to produce yield. Both Cellar creators and data feed providers will receive fees based on the yield generated by their respective Cellars.

The unique value of the Sommelier protocol is that the Sommelier stack, in a non-custodial way, can update the Cellar position and in effect manage the user funds based on live-market data. In this sense, Cellars are dynamic vaults which allow for mid-frequency trading strategies, as opposed to other platforms where their strategies are static (zero-frequency) and cannot take live market data as input.

Sommelier is a DeFi blockchain protocol, built on the Cosmos SDK, and a bi-directional Ethereum bridge. Taken together, this collection serves as a co-processor to Ethereum - that is we are using a Cosmos chain to process as many of the calculations as possible off Ethereum.

$SOMM is the token that underlies all transactions on the Sommelier protocol. It captures the fee revenue that is generated by the system and incentivizes each role in the ecosystem to continue performing their function and participate in protocol governance.

Expand
Related News
Solana Lending Protocol MarginFi saw $200M Users Fund Outflow in Two Days Solana Lending Protocol MarginFi saw $200M Users Fund Outflow in Two Days
Nomic to Partner with Babylon to Launch Liquid Staking Token for Bitcoin Nomic to Partner with Babylon to Launch Liquid Staking Token for Bitcoin
The U.S. SEC Issued a Wells Notice to Uniswap The U.S. SEC Issued a Wells Notice to Uniswap
EigenLayer and EigenDA Launched on Ethereum Mainnet EigenLayer and EigenDA Launched on Ethereum Mainnet
Frax Finance to Allocate $250M Ethena's USDe to a New Liquidity Pool Frax Finance to Allocate $250M Ethena's USDe to a New Liquidity Pool
Latest News More More
10 Hours Ago Chainlink Launched Bridging app Powered by CCIP
12 Hours Ago Web3 Credentials and Rewards Platform Galxe Launch Mainnet
1 Day Ago HK SEC Expedited the Approval Process for Spot Bitcoin ETF in Hong Kong
2 Days Ago New Layer 1 Monad Labs Raised $225M, Led by Paradigm
2 Days Ago Congestion on Solana Forced Several Projects to Postpone Launches
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open