Convert Convex Finance CVX to Sommelier SOMM
1 CVX converts to 2,500.33 SOMM
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Restrictions apply, see full terms.
About CVX and SOMM
Convex Finance is falling, while Sommelier is climbing this week. The current CVX to SOMM conversion rate is 2,500.33. Inversely, this means that if you convert 1 SOMM you will get 0.0003999 CVX. The conversion rate of CVX/SOMM has decreased by 3.6% in the last hour (SOMM/CVX increased by 3.6%). In the last 24 hours, CVX/SOMM shrunk by 14.76%, while SOMM/CVX grew by the same amount.
The exchange rate of Convex Finance is decreasing. The current value of 1 CVX is 2,500.33 SOMM. In other words, to buy 5 Convex Finance, it would cost you 12,501.67 SOMM. Inversely, 1 SOMM would allow you to trade for 0.0003999 CVX while 50 SOMM would convert to 0.02 CVX, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 71.33%. Meanwhile, in the last 24 hours, the rate has changed by 12.97%, and that the highest exchange rate of 1 CVX to SOMM was 2,963.21 SOMM and the lowest 24 hour value was 1 CVX for 2,474.76 SOMM. Last month, 1 CVX was worth 3,242.69 SOMM. Today, it's down 29.69%. Looking back a year, Convex Finance has changed by 2,660.08 SOMM. That means that in a single year, the value of Convex Finance has shrank by 6.39%.
Convex Finance Market Stats
CVX is the ERC-20 utility token of Convex Finance, which permits Curve Finance liquidity providers to earn boosted rewards. CVX tokens function as Convex Finance’s governance token, and can be locked in exchange for a portion of the platform's earnings.
Sommelier Market Stats
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.
Conversion tables
CVX to SOMM values from Today at 2:26 am
0.5 CVX = 1,250.17 SOMM |
1 CVX = 2,500.33 SOMM |
5 CVX = 12,501.67 SOMM |
10 CVX = 25,003.34 SOMM |
50 CVX = 125,016.69 SOMM |
100 CVX = 250,033.38 SOMM |
500 CVX = 1,250,166.92 SOMM |
1,000 CVX = 2,500,333.84 SOMM |
SOMM to CVX values from Today at 2:24 am
0.5 SOMM = 0.0002 CVX |
1 SOMM = 0.0003999 CVX |
5 SOMM = 0.002 CVX |
10 SOMM = 0.003999 CVX |
50 SOMM = 0.02 CVX |
100 SOMM = 0.03999 CVX |
500 SOMM = 0.20 CVX |
1,000 SOMM = 0.3999 CVX |
CVX to SOMM over time
CVX | Today | 24H -12.97% | 1M -29.69% | 1Y -6.39% |
|---|---|---|---|---|
0.5 CVX | 1,250.17 SOMM | 1,412.34 SOMM | 1,621.34 SOMM | 1,330.04 SOMM |
1 CVX | 2,500.33 SOMM | 2,824.69 SOMM | 3,242.69 SOMM | 2,660.08 SOMM |
5 CVX | 12,501.67 SOMM | 14,123.43 SOMM | 16,213.44 SOMM | 13,300.39 SOMM |
10 CVX | 25,003.34 SOMM | 28,246.86 SOMM | 32,426.89 SOMM | 26,600.77 SOMM |
50 CVX | 125,016.69 SOMM | 141,234.30 SOMM | 162,134.44 SOMM | 133,003.86 SOMM |
100 CVX | 250,033.38 SOMM | 282,468.60 SOMM | 324,268.87 SOMM | 266,007.72 SOMM |
500 CVX | 1,250,166.92 SOMM | 1,412,343.01 SOMM | 1,621,344.35 SOMM | 1,330,038.62 SOMM |
1,000 CVX | 2,500,333.84 SOMM | 2,824,686.03 SOMM | 3,242,688.70 SOMM | 2,660,077.24 SOMM |
Frequently asked questions
Right now, 1 Convex Finance is worth about $1.44.
Based on the current rate, you could get 0.6925 CVX for 1 USD.
Convex Finance price has been on the rise. Since yesterday, the exchange rate of Convex Finance has increased. Since last month, the exchange rate of Convex Finance has decreased. Since this time last year, the price of Convex Finance has decreased.
You can use our CVX to USD calculator at the top of this page to convert any amount of CVX to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 3.46 CVX. Inversely, 5 CVX will cost about $7.22
Convex Finance is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Convex Finance.
There are a number of crypto assets that have the a similar or comparable market cap to Convex Finance, including edgeX, Basic Attention Token, and EigenCloud. For a more robust list of assets to explore, jump to the asset page dedicated to Convex Finance.
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