What is Sommelier?

Sommelier

#1542
$SOMM

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 po... Read more

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.

24H Price

$0.022961

2.6%

Explore Sommelier

D 40
Follower
80.05K (#1294)
0.28% 7D
Activity
6/100
3% 7D
Sentiment
Negative
Follower
3.84K (#1710)
0.49% 7D
Activity
10/100
3% 7D
Sentiment
Negative
Follower
14.04K (#523)
0.13% 7D
Activity
6/100
3% 7D
Sentiment
Negative
Follower
6.52K (#1240)
0.09% 7D
Activity
6/100
3% 7D
Sentiment
Negative
Follower
2.96K (#2151)
0.1% 7D
Activity
0/100
3% 7D
Sentiment
Negative

📉 Losing Followers

The project is losing followers.

🟢 Healthy Organic Growth

The follower growth appears organic and healthy.

Be the first to know about suspicious activities around your watchlist's coins.

🔔 Get Anomaly Alerts

Overview

Market Cap

$1.94T

2.6%
Large Cap

Price

$1.94T

2.6%
Stable

Volume

$1.94T

2.6%
Highest

Community

$1.94T

2.6%
Rapid Growth

Marketing Activity

5/10

2.6%
High

Developer Activity

3/10

2.6%
Low
Development 24h 7d 14d 30d
Price 2.6% 26.57% 10.54% 37.85%
Follower 0% 0.28% 0.16% 1.37%

Coin Info

FDY
$2.09T
Total Supply
$21.00M
Max Supply
$21.00M
Circulating Supply
$19.79M

All-Time High
All-Time Low

$0.022961

2.6%

$0.022961

2.6%
Dec 05 2024
Dec 05 2024
D 40
Follower
80.05K (#1294)
0.28% 7D
Activity
6/100
3% 7D
Sentiment
Negative
Follower
3.84K (#1710)
0.49% 7D
Activity
10/100
3% 7D
Sentiment
Negative
Follower
14.04K (#523)
0.13% 7D
Activity
6/100
3% 7D
Sentiment
Negative
Follower
6.52K (#1240)
0.09% 7D
Activity
6/100
3% 7D
Sentiment
Negative
Follower
2.96K (#2151)
0.1% 7D
Activity
0/100
3% 7D
Sentiment
Negative

📉 Losing Followers

The project is losing followers.

🟢 Healthy Organic Growth

The follower growth appears organic and healthy.

Be the first to know about suspicious activities around your watchlist's coins.

🔔 Get Anomaly Alerts

Channels

Twitter @sommfinance
#1204
Follower
52,683
0.03%
Discord @Sommelier
#523
Follower
14,044
0.03%
Coingecko @Sommelier (SOMM)
#1240
Follower
6,523
0.03%
Telegram @getsomm
#1710
Follower
3,840
0.03%
CoinMarketcap @Sommelier
#2151
Follower
2,961
0.03%

Daily Social Panel

@getsomm

2024-07-26 15:46
But it does translate in higher yield. So if there is 100 mio USD in the vault with 1% platform fee ... But it does translate in higher yield. So if there is 100 mio USD in the vault with 1% platform fee you get 1 Mio on 7 Mio MC annually. (So even with half rewards ..there will be higher yield then treasuries beside burning effect ) So imagine we see [...]

Score 80

@getsomm

2024-07-26 11:02
How's it going Claudia ...Please check your PM , I was asked to send a message... How's it going Claudia ...Please check your PM , I was asked to send a message

Score 80

@getsomm

2024-07-26 05:45
do you know when will be the next distribution day for ARB/Merkl Reward?... do you know when will be the next distribution day for ARB/Merkl Reward?

5
Score 60

@sommfinance

2024-07-26 14:49
Yield Democratized https://t.co/9nE9ODbWCW... Yield Democratized https://t.co/9nE9ODbWCW

1
Score 51

@getsomm

2024-07-27 16:42
My understanding is that it lasts 12 weekshttps://forum.arbitrum.foundation/t/sommelier-finance-ltip... My understanding is that it lasts 12 weekshttps://forum.arbitrum.foundation/t/sommelier-finance-ltipp-application-final/21991

1
Score 12

@getsomm

2024-07-26 15:55
And also now forget....the project raised $26.5M. I do not know how much is left and if the team has... And also now forget....the project raised $26.5M. I do not know how much is left and if the team has enough powder to keep building this platform...but right now you can buy this same project which is already working...for a much lower price. Well of[...]

Score 7

@getsomm

2024-07-27 16:35
Does the arb rewards program last 30 days, similar to past somm rewards? Or will it continue for a ... Does the arb rewards program last 30 days, similar to past somm rewards? Or will it continue for a longer time?

Score 0

@getsomm

2024-07-27 01:40
i see, they control distribution of arb incentives?... i see, they control distribution of arb incentives?

Score 0

@getsomm

2024-07-27 00:59
Don’t really have any control over this... Don’t really have any control over this

Score 0

@getsomm

2024-07-27 00:55
do you mind sharing which day of the week you're going to push this?... do you mind sharing which day of the week you're going to push this?

Score 0

@getsomm

2024-07-26 14:45
Which country is the best to travel?... Which country is the best to travel?

Score 0

@getsomm

2024-07-26 14:45
Wow, we've got alot of new members joining :))... Wow, we've got alot of new members joining :))

Score 0

@getsomm

2024-07-26 07:50
it's been a week since the last distribution... it's been a week since the last distribution

Score 0

@getsomm

2024-07-26 06:15
Hi, Arb rewards are distributed weekly. You can claim after distribution.... Hi, Arb rewards are distributed weekly. You can claim after distribution.

Score 0

Key Events

12 Nov, 2024 - 12:30PM

Avalanche x Supabase

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Price Projection

Avg.
5%
80% of similar events led to a price increase
High Impact
12 Nov, 2024 - 12:30PM

Avalanche x Supabase

Figma ipsum component variant main layer. Mask vertical connection.... show more


Price Projection

Avg.
5%
80% of similar events led to a price increase
High Impact
12 Nov, 2024 - 12:30PM

Avalanche x Supabase

Figma ipsum component variant main layer. Mask vertical connection.... show more


Price Projection

Avg.
5%
80% of similar events led to a price increase
High Impact

Never miss any event.

Sommelier

#1542
$SOMM

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 po... Read more

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.

24H Price

$0.022961

2.6%

Explore Sommelier

D 40
Follower
80.05K (#1294)
0.28% 7D
Activity
6/100
3% 7D
Sentiment
Negative
Follower
3.84K (#1710)
0.49% 7D
Activity
10/100
3% 7D
Sentiment
Negative
Follower
14.04K (#523)
0.13% 7D
Activity
6/100
3% 7D
Sentiment
Negative
Follower
6.52K (#1240)
0.09% 7D
Activity
6/100
3% 7D
Sentiment
Negative
Follower
2.96K (#2151)
0.1% 7D
Activity
0/100
3% 7D
Sentiment
Negative

📉 Losing Followers

The project is losing followers.

🟢 Healthy Organic Growth

The follower growth appears organic and healthy.

Be the first to know about suspicious activities around your watchlist's coins.

🔔 Get Anomaly Alerts

Coin Info

FDY
$2.09T
Total Supply
$21.00M
Max Supply
$21.00M
Circulating Supply
$19.79M

All-Time High
All-Time Low

$0.022961

2.6%

$0.022961

2.6%
Dec 05 2024
Dec 05 2024

Overview

Market Cap

$1.94T

2.6%
Large Cap

Price

$1.94T

2.6%
Stable

Volume

$1.94T

2.6%
Highest

Community

$1.94T

2.6%
Rapid Growth

Marketing Activity

5/10

2.6%
High

Developer Activity

3/10

2.6%
Low
Development 24h 7d 14d 30d
Price 2.6% 26.57% 10.54% 37.85%
Follower 0% 0.28% 0.16% 1.37%

Key Events

12 Nov, 2024 - 12:30PM

Avalanche x Supabase

Figma ipsum component variant main layer. Mask vertical connection.... show more


Price Projection

Avg.
5%
80% of similar events led to a price increase
High Impact
12 Nov, 2024 - 12:30PM

Avalanche x Supabase

Figma ipsum component variant main layer. Mask vertical connection.... show more


Price Projection

Avg.
5%
80% of similar events led to a price increase
High Impact
12 Nov, 2024 - 12:30PM

Avalanche x Supabase

Figma ipsum component variant main layer. Mask vertical connection.... show more


Price Projection

Avg.
5%
80% of similar events led to a price increase
High Impact

Never miss any event.

Frequently Asked Questions

Bitcoin’s original inventor is known under a pseudonym, Satoshi Nakamoto. As of 2021, the true identity of the person — or organization — that is behind the alias remains unknown. On October 31, 2008, Nakamoto published Bitcoin’s whitepaper, which described in detail how a peer-to-peer, online currency could be implemented. They proposed to use a decentralized ledger of transactions packaged in batches (called “blocks”) and secured by cryptographic algorithms — the whole system would later be dubbed “blockchain.” Just two months later, on January 3, 2009, Nakamoto mined the first block on the Bitcoin network, known as the genesis block, thus launching the world’s first cryptocurrency. Bitcoin price was $0 when first introduced, and most Bitcoins were obtained via mining, which only required moderately powerful devices (e.g. PCs) and mining software. The first known Bitcoin commercial transaction occurred on May 22, 2010, when programmer Laszlo Hanyecz traded 10,000 Bitcoins for two pizzas. At Bitcoin price today in mid-September 2021, those pizzas would be worth an astonishing $478 million. This event is now known as “Bitcoin Pizza Day.” In July 2010, Bitcoin first started trading, with the Bitcoin price ranging from $0.0008 to $0.08 at that time. However, while Nakamoto was the original inventor of Bitcoin, as well as the author of its very first implementation, he handed the network alert key and control of the code repository to Gavin Andresen, who later became lead developer at the Bitcoin Foundation. Over the years a large number of people have contributed to improving the cryptocurrency’s software by patching vulnerabilities and adding new features. Bitcoin’s source code repository on GitHub lists more than 750 contributors, with some of the key ones being Wladimir J. van der Laan, Marco Falke, Pieter Wuille, Gavin Andresen, Jonas Schnelli and others.

1) Coindive is your ultimate guide to navigating the vast and enigmatic ocean of cryptocurrencies. Like the ever-changing seas, the crypto market is often turbulent, unpredictable, and brimming with uncharted territories. It can be stormy, tranquil, crystal-clear, or shrouded in murkiness, but beneath the surface lies a captivating world of hidden gems and treasures.

2) At Coindive, we believe that the deeper you delve into the crypto realm, the more you'll uncover its inherent beauty, serenity, and potential. Our dedicated community and advanced market tracking tools will help you chart a course through the wild waves and currents of the digital currency landscape, ensuring that you remain informed and equipped to make the best decisions possible.

Coindive tracks over 8,163 channels daily across Discord, Telegram, Twitter, Reddit, CoinMarketCap and Coingecko to collect data like follower counts, every text based data and every form of reactions to evaluate the attributes of the community by our unique metrics. Find out more about each metric in the section “Metrics” below.

Coindive offers a dashboard with top-performing coin metrics and recent trends, as well as a rankings page to explore the top 3000 cryptocurrencies based on various metrics. Its keyword explorer helps users identify coins related to specific trends, events, or discussions, while the coin pages offer in-depth analysis of individual cryptocurrencies' community and market data. Users can create a watchlist to monitor their favorite coins closely and receive customized alerts tailored to their investment interests. Coindive's personalized Watchlist Summary Report is AI-based and tailored to each user's knowledge level. Coindive alerts users whenever something unusual happens within the community or market, allowing for proactive portfolio management.

Coindive's target audience includes crypto investors of all types who want to stay informed about their investments, save time while keeping track of their portfolio, and consider community strengths as decision-making characteristics of their investments. The platform is designed for users who wish to quickly assess the performance of various cryptocurrencies, monitor significant events, and evaluate the overall health of communities behind different coins. Coindive caters to both long-term and short-term investors, offering valuable insights for effective decision-makin

Coindive offers a comprehensive free package with access to all of its features with just some limitations compared to the higher tier packages. A Premium Plan is available for users who want to access more alerts and additional benefits like ad-free experience and faster data refresh rates.

Daily Social Panel

@getsomm

2024-07-26 15:46
But it does translate in higher yield. So if there is 100 mio USD in the vault with 1% platform fee ... But it does translate in higher yield. So if there is 100 mio USD in the vault with 1% platform fee you get 1 Mio on 7 Mio MC annually. (So even with half rewards ..there will be higher yield then treasuries beside burning effect ) So imagine we see [...]

Score 80

@getsomm

2024-07-26 11:02
How's it going Claudia ...Please check your PM , I was asked to send a message... How's it going Claudia ...Please check your PM , I was asked to send a message

Score 80

@getsomm

2024-07-26 05:45
do you know when will be the next distribution day for ARB/Merkl Reward?... do you know when will be the next distribution day for ARB/Merkl Reward?

5
Score 60

@sommfinance

2024-07-26 14:49
Yield Democratized https://t.co/9nE9ODbWCW... Yield Democratized https://t.co/9nE9ODbWCW

1
Score 51

@getsomm

2024-07-27 16:42
My understanding is that it lasts 12 weekshttps://forum.arbitrum.foundation/t/sommelier-finance-ltip... My understanding is that it lasts 12 weekshttps://forum.arbitrum.foundation/t/sommelier-finance-ltipp-application-final/21991

1
Score 12

@getsomm

2024-07-26 15:55
And also now forget....the project raised $26.5M. I do not know how much is left and if the team has... And also now forget....the project raised $26.5M. I do not know how much is left and if the team has enough powder to keep building this platform...but right now you can buy this same project which is already working...for a much lower price. Well of[...]

Score 7

@getsomm

2024-07-27 16:35
Does the arb rewards program last 30 days, similar to past somm rewards? Or will it continue for a ... Does the arb rewards program last 30 days, similar to past somm rewards? Or will it continue for a longer time?

Score 0

@getsomm

2024-07-27 01:40
i see, they control distribution of arb incentives?... i see, they control distribution of arb incentives?

Score 0

@getsomm

2024-07-27 00:59
Don’t really have any control over this... Don’t really have any control over this

Score 0

@getsomm

2024-07-27 00:55
do you mind sharing which day of the week you're going to push this?... do you mind sharing which day of the week you're going to push this?

Score 0

@getsomm

2024-07-26 14:45
Which country is the best to travel?... Which country is the best to travel?

Score 0

@getsomm

2024-07-26 14:45
Wow, we've got alot of new members joining :))... Wow, we've got alot of new members joining :))

Score 0

@getsomm

2024-07-26 07:50
it's been a week since the last distribution... it's been a week since the last distribution

Score 0

@getsomm

2024-07-26 06:15
Hi, Arb rewards are distributed weekly. You can claim after distribution.... Hi, Arb rewards are distributed weekly. You can claim after distribution.

Score 0

Channels

Twitter @sommfinance
#1204
Follower
52,683
0.03%
Discord @Sommelier
#523
Follower
14,044
0.03%
Coingecko @Sommelier (SOMM)
#1240
Follower
6,523
0.03%
Telegram @getsomm
#1710
Follower
3,840
0.03%
CoinMarketcap @Sommelier
#2151
Follower
2,961
0.03%