About SOMM and DAI
Sommelier is falling, while Dai is climbing this week. The current SOMM to DAI conversion rate is 0.0004746. Inversely, this means that if you convert 1 DAI you will get 2,107.14 SOMM. The conversion rate of SOMM/DAI has increased by 0.53% in the last hour (DAI/SOMM decreased by 0.53%). In the last 24 hours, SOMM/DAI shrunk by 8.37%, while DAI/SOMM grew by the same amount.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is 0.0004746 DAI. In other words, to buy 5 Sommelier, it would cost you 0.0023729 DAI. Inversely, 1 DAI would allow you to trade for 2,107.14 SOMM while 50 DAI would convert to 105,356.82 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 2.86%. Meanwhile, in the last 24 hours, the rate has changed by 8.37%, which means that the highest exchange rate of 1 SOMM to DAI was 0.0005273 DAI and the lowest 24 hour value was 1 SOMM for 0.0004705 DAI. Last month, 1 SOMM was worth 0.0004194 DAI. Today, it's up 11.63%. Looking back a year, Sommelier has changed by 0.001079 DAI. That means that in a single year, the value of Sommelier has shrank by 127.44%.
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.
Dai Market Stats
Dai (DAI) is a decentralized stablecoin running on Ethereum (ETH) that attempts to maintain a value of $1.00 USD. Unlike centralized stablecoins, Dai isn't backed by US dollars in a bank account. Instead, it’s backed by collateral on the Maker platform. Note: if the Dai credit system is upgraded or shutdown, Dai holders may need to convert their Dai to Ethereum through the Maker platform. Read more at makerdao.com/whitepaper.
Conversion tables
SOMM to DAI values from Today at 12:11 pm
0.5 SOMM = 0.0002373 DAI |
1 SOMM = 0.0004746 DAI |
5 SOMM = 0.002373 DAI |
10 SOMM = 0.004746 DAI |
50 SOMM = 0.02373 DAI |
100 SOMM = 0.04746 DAI |
500 SOMM = 0.2373 DAI |
1,000 SOMM = 0.4746 DAI |
DAI to SOMM values from Today at 12:11 pm
0.5 DAI = 1,053.57 SOMM |
1 DAI = 2,107.14 SOMM |
5 DAI = 10,535.68 SOMM |
10 DAI = 21,071.36 SOMM |
50 DAI = 105,356.82 SOMM |
100 DAI = 210,713.63 SOMM |
500 DAI = 1,053,568.17 SOMM |
1,000 DAI = 2,107,136.34 SOMM |
SOMM to DAI over time
SOMM | Today | 24H -8.37% | 1M 11.63% | 1Y -127.44% |
|---|---|---|---|---|
0.5 SOMM | 0.0002373 DAI | 0.0002572 DAI | 0.0002097 DAI | 0.0005397 DAI |
1 SOMM | 0.0004746 DAI | 0.0005143 DAI | 0.0004194 DAI | 0.001079 DAI |
5 SOMM | 0.002373 DAI | 0.002572 DAI | 0.002097 DAI | 0.005397 DAI |
10 SOMM | 0.004746 DAI | 0.005143 DAI | 0.004194 DAI | 0.01079 DAI |
50 SOMM | 0.02373 DAI | 0.02572 DAI | 0.02097 DAI | 0.05397 DAI |
100 SOMM | 0.04746 DAI | 0.05143 DAI | 0.04194 DAI | 0.1079 DAI |
500 SOMM | 0.2373 DAI | 0.2572 DAI | 0.2097 DAI | 0.5397 DAI |
1,000 SOMM | 0.4746 DAI | 0.5143 DAI | 0.4194 DAI | 1.08 DAI |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.0004743.
Based on the current rate, you could get 2,108.22 SOMM for 1 USD.
Sommelier price has been declining. Since yesterday, the exchange rate of Sommelier has decreased. Since last month, the exchange rate of Sommelier has increased. Since this time last year, the price of Sommelier has decreased.
You can use our SOMM to USD calculator at the top of this page to convert any amount of SOMM to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 10,541.11 SOMM. Inversely, 5 SOMM will cost about $0.002372
Sommelier can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Sommelier.
There are a number of crypto assets that have the a similar or comparable market cap to Sommelier, including Titi Financial, MetaSwap, and Bullit. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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