Sommelier

Sommelier
Sommelier
Sommelier

Market cap:

$ 44.66M

Volume 24h:

$ 53.9K

Price:

$ 0.16
Sommelier is built on the Cosmos SDK to maximize interoperability with other blockchains, and the platform is a reimagined gateway into interchain DeFi. With a bridge in place connecting the Cosmos-based platform to Ethereum, Sommelier will be able to execute strategies across multiple blockchains, opening a wide horizon of possibilities
Read tutorial

Governance

  • 28 Mar 2024

    Add support for Mantle chain

  • 28 Mar 2024

    Add support for Scroll chain

  • 24 Mar 2024

    [SIPS-136] Real Yield ETH Cellar Incentives

  • 24 Mar 2024

    [SIPS-135] Incentives Proposal for Real Yield USD Arbitrum

  • 24 Mar 2024

    [SIPS-138] Incentives Proposal for Real Yield ETH Optimism

  • 24 Mar 2024

    [SIPS-137] Real Yield BTC Cellar Incentives

  • 20 Mar 2024

    Add stETH Token Price and Update Existing

  • 20 Mar 2024

    Add Fees and Reserves Contract as Approved Cellar

  • 17 Mar 2024

    [SIPS-134] Incentives Proposal for Real Yield ETH Arbitrum

  • 13 Mar 2024

    [SIPS-133] Proposal to Add ETH Vesting to Turbo stETH

  • 13 Mar 2024

    [SIPS-132] Co-Incentives Proposal for Turbo ETHX

  • 1 Mar 2024

    [SIPS-131] Authorize the Real Yield ETH Cellar on Optimism

  • 1 Mar 2024

    [SIPS-130] Co-Incentives Proposal for Turbo CRVUSD

  • 22 Feb 2024

    Add Polygon PoS chain configuration

  • 22 Feb 2024

    Add Optimism chain configuration

  • 22 Feb 2024

    Add BNB chain configuration

  • 22 Feb 2024

    Add Base chain configuration

  • 21 Feb 2024

    Community Pool Funding of SOMM Staking Rewards until June

  • 21 Feb 2024

    [SIPS-127] Incentives Proposal for Real Yield USD Arbitrum

  • 21 Feb 2024

    [SIPS-126] Turbo EETH V2 Cellar Incentives

Calculate your profit

Choose currency

  • BitSongBitSong
  • ArchwayArchway
  • RizonRizon
  • Akash NetworkAkash Network
  • CantoCanto
  • CosmosCosmos
  • OsmosisOsmosis
  • e-Moneye-Money
  • Band ProtocolBand Protocol
  • LikeСoinLikeСoin
  • UmeeUmee
  • Sentinel Sentinel
  • Shentu (CertiK)Shentu (CertiK)
  • PersistencePersistence
  • JunoJuno
  • Lum NetworkLum Network
  • NolusNolus
  • JackalJackal
  • NiburuNiburu
  • KiKi
  • ComdexComdex
  • KavaKava
  • CoreumCoreum
  • StargazeStargaze
  • Secret NetworkSecret Network
  • cheqdcheqd
  • Gravity BridgeGravity Bridge
  • DesmosDesmos
  • ixoixo
  • NomicNomic
  • Fetch.aiFetch.ai
  • SifchainSifchain
  • NeutronNeutron
  • InjectiveInjective
  • MemeMeme
  • SolanaSolana
  • Composable FinanceComposable Finance
  • MigalooMigaloo
  • TeritoriTeritori
  • AxelarAxelar
  • MediBlocMediBloc
  • StrideStride
  • AssetMantleAssetMantle
  • ChihuahuaChihuahua
  • DecentrDecentr
  • IrisIris
  • RebusRebus
  • Crescent NetworkCrescent Network
  • SommelierSommelier

Choose amount

SOMM
USDT

Staking period

12 months

Daily profit

$0.4

Monthly profit

$12.67

Yearly profit

$159.38

APR 10.3%

Upgrade

Fee 5%

You will earn in total with restake

11040.06 SOMM

Stake date

22-05-2024

Staking period

12 months

Closing date

22-05-2025

Your projected income less commission fees in tokens and in US dollars

Questions?

  • Sommelier is a DeFi blockchain protocol, built on the Cosmos SDK, and a bi-directional Ethereum bridge. The bridge connects the Cosmos-based platform to Ethereum and Sommelier networks; by doing so, Sommelier allows to execute strategies across multiple blockchains, opening a vast horizon of possibilities for use cases: unlock yield performance with Sommelier automated dynamic lending/staking/farming/trading strategies for different types of risk tolerance retail investors.

  • 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.

  • Cellars are the smart contracts which represent DeFi strategies. Users might be familiar with the concept of vaults from other platforms. 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. By providing liquidity into the cellar, you can earn 90% of this particular cellar's profits together with the other liquidity providers.

  • By staking, delegators help to secure the network. That's why delegators are critical to the functioning of the chain and an essential part of the ecosystem. In order to compensate them for staking SOMM, SOMM holders will be able to extract a large portion of the fees claimed by the network as per the tokenomics design document. Stakers will be also getting profits from all of the functioning cellars - the percentage is small compared to what liquidity providers get, but delegators are not dependent on one particular cellar, but getting a little from all of them.

  • $SOMM is listed on Osmosis.zone and could be purchased there with a connected Keplr wallet.

  • $SOMM can be staked via Stakewolle with connected Keplr Wallet.

  • Stay up-to-date with the latest $SOMM data by using Atomscan explorer. This free tool provides real-time information on market indicators, network metrics, and validator data, all presented in easy-to-read charts.

  • Stakewolle is a large staking provider and contributor to many blockchains, run by a team of experienced developers, financial experts and blockchain enthusiasts. While working with more than 40 POS blockchains like Solana (SOL) Cosmos (ATOM) and others we are constantly in search of new, valuable and ambitious projects. The Stakewolle team strives to simplify the delegation process for token holders and provide convenient services for staking monitoring.

  • You can calculate your staking rewards by using the Sommelierstaking calculator on the site

  • When you stake your assets with Stakewolle, you may become eligible for Cosmos-based airdrops, allowing you to receive free tokens as a reward for your participation. We support many blockchain networks, so you never know what exciting opportunities may come your way!

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  • Looking for more?

    Our Blog offers a wealth of articles and videos Click to visit Blog

    VISIT BLOG

We are in touch

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Are you experiencing an issue with our validators or website? Let us know and we will address it right away.

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We read all your feedback and suggestions. Many of your ideas for development become our tasks - you can see their implementation here

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