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About USDF and SOMM
USDF is falling, while Sommelier is climbing this week. The current USDF to SOMM conversion rate is 2,146.94. Inversely, this means that if you convert 1 SOMM you will get 0.0004658 USDF. The conversion rate of USDF/SOMM has increased by 0.56% in the last hour (SOMM/USDF decreased by 0.56%). In the last 24 hours, USDF/SOMM shrunk by 25.86%, while SOMM/USDF grew by the same amount.
The exchange rate of USDF is decreasing. The current value of 1 USDF is 2,146.94 SOMM. In other words, to buy 5 USDF, it would cost you 10,734.69 SOMM. Inversely, 1 SOMM would allow you to trade for 0.0004658 USDF while 50 SOMM would convert to 0.02329 USDF, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 32.16%. Meanwhile, in the last 24 hours, the rate has changed by 26.02%, and that the highest exchange rate of 1 USDF to SOMM was 2,712.20 SOMM and the lowest 24 hour value was 1 USDF for 2,116.44 SOMM. Last month, 1 USDF was worth 2,677.42 SOMM. Today, it's down 24.71%. Looking back a year, USDF has changed by 331.16 SOMM. That means that in a single year, the value of USDF has grown by 84.58%.
USDF Market Stats
USDF is a stablecoin that powers the Flipcash Currency Creator, redeemable 1:1 for USDC, a digital dollar fully backed by US dollars and US dollar equivalents.
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
USDF to SOMM values from Today at 4:37 pm
0.5 USDF = 1,073.47 SOMM |
1 USDF = 2,146.94 SOMM |
5 USDF = 10,734.69 SOMM |
10 USDF = 21,469.38 SOMM |
50 USDF = 107,346.88 SOMM |
100 USDF = 214,693.76 SOMM |
500 USDF = 1,073,468.81 SOMM |
1,000 USDF = 2,146,937.62 SOMM |
SOMM to USDF values from Today at 4:35 pm
0.5 SOMM = 0.0002329 USDF |
1 SOMM = 0.0004658 USDF |
5 SOMM = 0.002329 USDF |
10 SOMM = 0.004658 USDF |
50 SOMM = 0.02329 USDF |
100 SOMM = 0.04658 USDF |
500 SOMM = 0.2329 USDF |
1,000 SOMM = 0.4658 USDF |
USDF to SOMM over time
USDF | Today | 24H -26.02% | 1M -24.71% | 1Y 84.58% |
|---|---|---|---|---|
0.5 USDF | 1,073.47 SOMM | 1,352.84 SOMM | 1,338.71 SOMM | 165.58 SOMM |
1 USDF | 2,146.94 SOMM | 2,705.67 SOMM | 2,677.42 SOMM | 331.16 SOMM |
5 USDF | 10,734.69 SOMM | 13,528.35 SOMM | 13,387.11 SOMM | 1,655.81 SOMM |
10 USDF | 21,469.38 SOMM | 27,056.70 SOMM | 26,774.23 SOMM | 3,311.62 SOMM |
50 USDF | 107,346.88 SOMM | 135,283.51 SOMM | 133,871.14 SOMM | 16,558.08 SOMM |
100 USDF | 214,693.76 SOMM | 270,567.02 SOMM | 267,742.28 SOMM | 33,116.16 SOMM |
500 USDF | 1,073,468.81 SOMM | 1,352,835.11 SOMM | 1,338,711.38 SOMM | 165,580.80 SOMM |
1,000 USDF | 2,146,937.62 SOMM | 2,705,670.22 SOMM | 2,677,422.76 SOMM | 331,161.59 SOMM |
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