Convert Sommelier SOMM to Ondo US Dollar Yield USDY
SOMM to USDY: 1 Sommelier converts to 0.0005569 USDY
About SOMM and USDY
Sommelier is falling, while Ondo US Dollar Yield is climbing this week. The current SOMM to USDY conversion rate is 0.0005569. Inversely, this means that if you convert 1 USDY you will get 1,795.69 SOMM. The conversion rate of SOMM/USDY has decreased by 0.04% in the last hour (USDY/SOMM increased by 0.04%). In the last 24 hours, SOMM/USDY shrunk by 2.62%, while USDY/SOMM grew by the same amount.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is 0.0005569 USDY. In other words, to buy 5 Sommelier, it would cost you 0.0027844 USDY. Inversely, 1 USDY would allow you to trade for 1,795.69 SOMM while 50 USDY would convert to 89,784.65 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 29.4%. Meanwhile, in the last 24 hours, the rate has changed by 2.6%, which means that the highest exchange rate of 1 SOMM to USDY was 0.0005734 USDY and the lowest 24 hour value was 1 SOMM for 0.0005551 USDY. Last month, 1 SOMM was worth 0.0005248 USDY. Today, it's up 5.76%. Looking back a year, Sommelier has changed by 0.001161 USDY. That means that in a single year, the value of Sommelier has shrank by 108.57%.
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.
Ondo US Dollar Yield Market Stats
Ondo US Dollar Yield (USDY) is a cryptocurrency and operates on the Ethereum platform. Ondo US Dollar Yield has a current supply of 1,888,621,272.77097648. The last known price of Ondo US Dollar Yield is 1.13339395 USD and is down -0.05 over the last 24 hours. It is currently trading on 53 active market(s) with $23,431.93 traded over the last 24 hours.
Conversion tables
SOMM to USDY values from Today at 10:43 am
0.5 SOMM = 0.0002784 USDY |
1 SOMM = 0.0005569 USDY |
5 SOMM = 0.002784 USDY |
10 SOMM = 0.005569 USDY |
50 SOMM = 0.02784 USDY |
100 SOMM = 0.05569 USDY |
500 SOMM = 0.2784 USDY |
1,000 SOMM = 0.5569 USDY |
USDY to SOMM values from Today at 10:44 am
0.5 USDY = 897.85 SOMM |
1 USDY = 1,795.69 SOMM |
5 USDY = 8,978.47 SOMM |
10 USDY = 17,956.93 SOMM |
50 USDY = 89,784.65 SOMM |
100 USDY = 179,569.30 SOMM |
500 USDY = 897,846.51 SOMM |
1,000 USDY = 1,795,693.02 SOMM |
SOMM to USDY over time
SOMM | Today | 24H -2.60% | 1M 5.76% | 1Y -108.57% |
|---|---|---|---|---|
0.5 SOMM | 0.0002784 USDY | 0.0002857 USDY | 0.0002624 USDY | 0.0005807 USDY |
1 SOMM | 0.0005569 USDY | 0.0005714 USDY | 0.0005248 USDY | 0.001161 USDY |
5 SOMM | 0.002784 USDY | 0.002857 USDY | 0.002624 USDY | 0.005807 USDY |
10 SOMM | 0.005569 USDY | 0.005714 USDY | 0.005248 USDY | 0.01161 USDY |
50 SOMM | 0.02784 USDY | 0.02857 USDY | 0.02624 USDY | 0.05807 USDY |
100 SOMM | 0.05569 USDY | 0.05714 USDY | 0.05248 USDY | 0.1161 USDY |
500 SOMM | 0.2784 USDY | 0.2857 USDY | 0.2624 USDY | 0.5807 USDY |
1,000 SOMM | 0.5569 USDY | 0.5714 USDY | 0.5248 USDY | 1.16 USDY |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.0006305.
Based on the current rate, you could get 1,585.95 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 7,929.75 SOMM. Inversely, 5 SOMM will cost about $0.003153
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 Sunny Side up, MetaSwap, and Titi Financial. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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