303 Watchlists
DeFi
SOMM Price
Contracts/Explorers:
Ethereum
Funds and Backers
Sommelier is a decentralized protocol that empowers community members to automate DeFi investment management
Sommelier is a coprocessor for Ethereum that moves DeFi assets from Automated Market Makers (AMMs) into higher yields more quickly and cheaply than previously possible. This is done through automated investment strategies implemented across different protocols. Community members can create Cellars that execute 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.
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.
There are six different ways to generate revenue using Sommelier:
Sommelier's current price is $ 0.173, it has dropped -1.49% over the past 24 hours.
Sommelier's All Time High (ATH) of $ 7.98 was reached on 10 Feb 2022, and is currently -97.8% down.
You can find more details about Sommelier on its official website and on the block explorer.
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