Convert Sommelier SOMM to DeepBook DEEP
SOMM to DEEP: 1 Sommelier converts to 0.02101 DEEP
Earn up to $2,000 when you buy $50 in crypto
Earn free crypto after making your first purchase. Terms apply.
Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
About SOMM and DEEP
Sommelier is falling, while DeepBook is climbing this week. The current SOMM to DEEP conversion rate is 0.02101. Inversely, this means that if you convert 1 DEEP you will get 47.60 SOMM. The conversion rate of SOMM/DEEP has decreased by 0.43% in the last hour (DEEP/SOMM increased by 0.43%). In the last 24 hours, SOMM/DEEP shrunk by 3.68%, while DEEP/SOMM grew by the same amount.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is 0.02101 DEEP. In other words, to buy 5 Sommelier, it would cost you 0.10504 DEEP. Inversely, 1 DEEP would allow you to trade for 47.60 SOMM while 50 DEEP would convert to 2,380.05 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 18.88%. Meanwhile, in the last 24 hours, the rate has changed by 3.67%, which means that the highest exchange rate of 1 SOMM to DEEP was 0.0218 DEEP and the lowest 24 hour value was 1 SOMM for 0.02001 DEEP. Last month, 1 SOMM was worth 0.03009 DEEP. Today, it's down 43.21%. Looking back a year, Sommelier has changed by ∞ DEEP. That means that in a single year, the value of Sommelier has shrank by ∞%.
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.
DeepBook Market Stats
DeepBook Protocol is a decentralized central limit order book and foundational liquidity layer built natively on the Sui blockchain to provide institutional-grade trading infrastructure. The DEEP token is used to pay for trading and pool creation fees, provide liquidity incentives through maker rebates, and enable pool-level governance.
Conversion tables
SOMM to DEEP values from Today at 9:29 pm
0.5 SOMM = 0.0105 DEEP |
1 SOMM = 0.02101 DEEP |
5 SOMM = 0.105 DEEP |
10 SOMM = 0.2101 DEEP |
50 SOMM = 1.05 DEEP |
100 SOMM = 2.10 DEEP |
500 SOMM = 10.50 DEEP |
1,000 SOMM = 21.01 DEEP |
DEEP to SOMM values from Today at 9:32 pm
0.5 DEEP = 23.80 SOMM |
1 DEEP = 47.60 SOMM |
5 DEEP = 238.00 SOMM |
10 DEEP = 476.01 SOMM |
50 DEEP = 2,380.05 SOMM |
100 DEEP = 4,760.09 SOMM |
500 DEEP = 23,800.47 SOMM |
1,000 DEEP = 47,600.95 SOMM |
SOMM to DEEP over time
SOMM | Today | 24H -3.67% | 1M -43.21% | 1Y 93.30% |
|---|---|---|---|---|
0.5 SOMM | 0.0105 DEEP | 0.01089 DEEP | 0.01504 DEEP | 0.0007037 DEEP |
1 SOMM | 0.02101 DEEP | 0.02178 DEEP | 0.03009 DEEP | 0.001407 DEEP |
5 SOMM | 0.105 DEEP | 0.1089 DEEP | 0.1504 DEEP | 0.007037 DEEP |
10 SOMM | 0.2101 DEEP | 0.2178 DEEP | 0.3009 DEEP | 0.01407 DEEP |
50 SOMM | 1.05 DEEP | 1.09 DEEP | 1.50 DEEP | 0.07037 DEEP |
100 SOMM | 2.10 DEEP | 2.18 DEEP | 3.01 DEEP | 0.1407 DEEP |
500 SOMM | 10.50 DEEP | 10.89 DEEP | 15.04 DEEP | 0.7037 DEEP |
1,000 SOMM | 21.01 DEEP | 21.78 DEEP | 30.09 DEEP | 1.41 DEEP |
Frequently asked questions
Right now, 1 Sommelier is worth about CA$0.0004649.
Based on the current rate, you could get 2,150.95 SOMM for 1 CAD.
Sommelier price has been declining. Since yesterday, the exchange rate of Sommelier has decreased. Since last month, the exchange rate of Sommelier has decreased. Since this time last year, the price of Sommelier has decreased.
You can use our SOMM to CAD calculator at the top of this page to convert any amount of SOMM to CAD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 CAD is equivalent to 10,754.77 SOMM. Inversely, 5 SOMM will cost about CA$0.002325
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.
Buy Sommelier with Coinbase
Create a Coinbase account to buy and sell Sommelier on the most secure crypto exchange.
Related conversions
Learn how to buy popular cryptocurrencies
Popular cryptocurrency conversions
Discover other cryptocurrency conversions
Start your crypto portfolio today
Sign up for a Coinbase account today and see what the world of decentralized finance can do for you.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.