Convert Sommelier SOMM to USDS USDS
1 SOMM converts to 0.0005056 USDS
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Restrictions apply, see full terms.
Restrictions apply, see full terms.
About SOMM and USDS
Sommelier is climbing, while USDS is falling this week. The current SOMM to USDS conversion rate is 0.0005056. Inversely, this means that if you convert 1 USDS you will get 1,977.70 SOMM. The conversion rate of SOMM/USDS has increased by 0.21% in the last hour (USDS/SOMM decreased by 0.21%). In the last 24 hours, SOMM/USDS grew by 19.77%, while USDS/SOMM shrunk by the same amount.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is 0.0005056 USDS. In other words, to buy 5 Sommelier, it would cost you 0.0025282 USDS. Inversely, 1 USDS would allow you to trade for 1,977.70 SOMM while 50 USDS would convert to 98,885.20 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 20.22%. Meanwhile, in the last 24 hours, the rate has changed by 16.56%, which means that the highest exchange rate of 1 SOMM to USDS was 0.0005392 USDS and the lowest 24 hour value was 1 SOMM for 0.0004204 USDS. Last month, 1 SOMM was worth 0.0004974 USDS. Today, it's up 1.63%. Looking back a year, Sommelier has changed by 0.001263 USDS. That means that in a single year, the value of Sommelier has shrank by 149.8%.
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.
USDS Market Stats
The USDS token is a decentralized, collateral-backed stablecoin native to the Sky Protocol (formerly MakerDAO). It is designed to maintain a value pegged to the US dollar and serves as the upgraded successor to DAI.
Conversion tables
SOMM to USDS values from Today at 2:52 am
0.5 SOMM = 0.0002528 USDS |
1 SOMM = 0.0005056 USDS |
5 SOMM = 0.002528 USDS |
10 SOMM = 0.005056 USDS |
50 SOMM = 0.02528 USDS |
100 SOMM = 0.05056 USDS |
500 SOMM = 0.2528 USDS |
1,000 SOMM = 0.5056 USDS |
USDS to SOMM values from Today at 2:54 am
0.5 USDS = 988.85 SOMM |
1 USDS = 1,977.70 SOMM |
5 USDS = 9,888.52 SOMM |
10 USDS = 19,777.04 SOMM |
50 USDS = 98,885.20 SOMM |
100 USDS = 197,770.41 SOMM |
500 USDS = 988,852.03 SOMM |
1,000 USDS = 1,977,704.06 SOMM |
SOMM to USDS over time
SOMM | Today | 24H 16.56% | 1M 1.63% | 1Y -149.80% |
|---|---|---|---|---|
0.5 SOMM | 0.0002528 USDS | 0.0002109 USDS | 0.0002487 USDS | 0.0006315 USDS |
1 SOMM | 0.0005056 USDS | 0.0004219 USDS | 0.0004974 USDS | 0.001263 USDS |
5 SOMM | 0.002528 USDS | 0.002109 USDS | 0.002487 USDS | 0.006315 USDS |
10 SOMM | 0.005056 USDS | 0.004219 USDS | 0.004974 USDS | 0.01263 USDS |
50 SOMM | 0.02528 USDS | 0.02109 USDS | 0.02487 USDS | 0.06315 USDS |
100 SOMM | 0.05056 USDS | 0.04219 USDS | 0.04974 USDS | 0.1263 USDS |
500 SOMM | 0.2528 USDS | 0.2109 USDS | 0.2487 USDS | 0.6315 USDS |
1,000 SOMM | 0.5056 USDS | 0.4219 USDS | 0.4974 USDS | 1.26 USDS |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.0005055.
Based on the current rate, you could get 1,978.20 SOMM for 1 USD.
Sommelier price has been on the rise. Since yesterday, the exchange rate of Sommelier has increased. 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 9,890.99 SOMM. Inversely, 5 SOMM will cost about $0.002528
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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