About SOMM and USDS
Sommelier is falling, while USDS is climbing this week. The current SOMM to USDS conversion rate is 0.000193. Inversely, this means that if you convert 1 USDS you will get 5,182.01 SOMM. The conversion rate of SOMM/USDS has decreased by 0.31% in the last hour (USDS/SOMM increased by 0.31%). In the last 24 hours, SOMM/USDS shrunk by 14.83%, while USDS/SOMM grew by 17.41%.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is 0.000193 USDS. In other words, to buy 5 Sommelier, it would cost you 0.0009649 USDS. Inversely, 1 USDS would allow you to trade for 5,182.01 SOMM while 50 USDS would convert to 259,100.58 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 26.87%. Meanwhile, in the last 24 hours, the rate has changed by 14.63%, and that the highest exchange rate of 1 SOMM to USDS was 0.0002264 USDS and the lowest 24 hour value was 1 SOMM for 0.0001634 USDS. Last month, 1 SOMM was worth 0.0003253 USDS. Today, it's down 40.67%. Looking back a year, Sommelier has changed by 0.001854 USDS. That means that in a single year, the value of Sommelier has shrank by 89.59%.
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 9:29 pm
0.5 SOMM = 0.00009649 USDS |
1 SOMM = 0.000193 USDS |
5 SOMM = 0.0009649 USDS |
10 SOMM = 0.00193 USDS |
50 SOMM = 0.009649 USDS |
100 SOMM = 0.0193 USDS |
500 SOMM = 0.09649 USDS |
1,000 SOMM = 0.193 USDS |
USDS to SOMM values from Today at 9:30 pm
0.5 USDS = 2,591.01 SOMM |
1 USDS = 5,182.01 SOMM |
5 USDS = 25,910.06 SOMM |
10 USDS = 51,820.12 SOMM |
50 USDS = 259,100.58 SOMM |
100 USDS = 518,201.16 SOMM |
500 USDS = 2,591,005.80 SOMM |
1,000 USDS = 5,182,011.60 SOMM |
SOMM to USDS over time
SOMM | Today | 24H -17.14% | 1M -68.55% | 1Y -860.73% |
|---|---|---|---|---|
0.5 SOMM | 0.00009649 USDS | 0.000113 USDS | 0.0001626 USDS | 0.000927 USDS |
1 SOMM | 0.000193 USDS | 0.000226 USDS | 0.0003253 USDS | 0.001854 USDS |
5 SOMM | 0.0009649 USDS | 0.00113 USDS | 0.001626 USDS | 0.00927 USDS |
10 SOMM | 0.00193 USDS | 0.00226 USDS | 0.003253 USDS | 0.01854 USDS |
50 SOMM | 0.009649 USDS | 0.0113 USDS | 0.01626 USDS | 0.0927 USDS |
100 SOMM | 0.0193 USDS | 0.0226 USDS | 0.03253 USDS | 0.1854 USDS |
500 SOMM | 0.09649 USDS | 0.113 USDS | 0.1626 USDS | 0.927 USDS |
1,000 SOMM | 0.193 USDS | 0.226 USDS | 0.3253 USDS | 1.85 USDS |
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