Sommelier automates DeFi asset management for higher yields.
Sommelier automates DeFi asset rebalancing, batch transactions, and yields through smart strategies, incentivized by the SOMM token and community participation across Ethereum protocols.
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What is Sommelier (SOMM)?
Sommelier acts as a coprocessor for the Ethereum blockchain, enabling faster and more cost-effective transfer of DeFi assets from Automated Market Makers (AMMs) into higher-yield strategies through automated, protocol-driven investment strategies. Users and community members can create Cellars, which are smart contract-based investment containers executing predefined strategies. These Cellars are powered by Strategy Providers (SPs) who design trading strategies and recommend actions to Sommelier Validators for execution to maximize yield. Key use cases include automatic portfolio rebalancing in response to pool performance changes, shifting assets toward high-yield liquidity opportunities while exiting lower-yield positions, and optimizing on-chain yield through transaction batching and ro...
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Sommelier price live information
As of now, Sommelier is trading at 0.002354 USD, with a 24-hour trading volume of approximately 27.69K USD. The SOMM to USD price is updated in real time. Over the past 24 hours, Sommelier has increased by 10.88%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 791.62K USD. Currently, there are 336 287 331 SOMM in circulation out of a maximum supply of 500 000 000 SOMM.
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