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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 PROS
Sommelier is falling, while Pharos is climbing this week. The current SOMM to PROS conversion rate is 0.0007971. Inversely, this means that if you convert 1 PROS you will get 1,254.59 SOMM. The conversion rate of SOMM/PROS has decreased by 0% in the last hour (PROS/SOMM increased by 0%). In the last 24 hours, SOMM/PROS shrunk by 2.16%, while PROS/SOMM grew by the same amount.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is 0.0007971 PROS. In other words, to buy 5 Sommelier, it would cost you 0.0039854 PROS. Inversely, 1 PROS would allow you to trade for 1,254.59 SOMM while 50 PROS would convert to 62,729.67 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 17.98%. Meanwhile, in the last 24 hours, the rate has changed by 5.37%, and that the highest exchange rate of 1 SOMM to PROS was 0.0008625 PROS and the lowest 24 hour value was 1 SOMM for 0.0007158 PROS. Last month, 1 SOMM was worth 0.0009778 PROS. Today, it's down 22.67%. Looking back a year, Sommelier has changed by 0.000008414 PROS. That means that in a single year, the value of Sommelier has grown by 98.94%.
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.
Pharos Market Stats
Pharos is the s financial Layer 1 for RealFi, where real value and institutional-grade assets circulate onchain and are composable with decentralized assets, becoming the new infrastructure of global finance for all. Pharos combines modular architecture, deep-parallel execution, and built-in compliance to power real-time finance onchain. Built by the leadership and engineers from Ant Group, the project is backed by Hack VC, Faction VC, and other global TradFi investors.
Conversion tables
SOMM to PROS values from Today at 7:21 pm
0.5 SOMM = 0.0003985 PROS |
1 SOMM = 0.0007971 PROS |
5 SOMM = 0.003985 PROS |
10 SOMM = 0.007971 PROS |
50 SOMM = 0.03985 PROS |
100 SOMM = 0.07971 PROS |
500 SOMM = 0.3985 PROS |
1,000 SOMM = 0.7971 PROS |
PROS to SOMM values from Today at 7:24 pm
0.5 PROS = 627.30 SOMM |
1 PROS = 1,254.59 SOMM |
5 PROS = 6,272.97 SOMM |
10 PROS = 12,545.93 SOMM |
50 PROS = 62,729.67 SOMM |
100 PROS = 125,459.35 SOMM |
500 PROS = 627,296.75 SOMM |
1,000 PROS = 1,254,593.49 SOMM |
SOMM to PROS over time
SOMM | Today | 24H -5.37% | 1M -22.67% | 1Y 98.94% |
|---|---|---|---|---|
0.5 SOMM | 0.0003985 PROS | 0.0004199 PROS | 0.0004889 PROS | 0.000004207 PROS |
1 SOMM | 0.0007971 PROS | 0.0008399 PROS | 0.0009778 PROS | 0.000008414 PROS |
5 SOMM | 0.003985 PROS | 0.004199 PROS | 0.004889 PROS | 0.00004207 PROS |
10 SOMM | 0.007971 PROS | 0.008399 PROS | 0.009778 PROS | 0.00008414 PROS |
50 SOMM | 0.03985 PROS | 0.04199 PROS | 0.04889 PROS | 0.0004207 PROS |
100 SOMM | 0.07971 PROS | 0.08399 PROS | 0.09778 PROS | 0.0008414 PROS |
500 SOMM | 0.3985 PROS | 0.4199 PROS | 0.4889 PROS | 0.004207 PROS |
1,000 SOMM | 0.7971 PROS | 0.8399 PROS | 0.9778 PROS | 0.008414 PROS |
Frequently asked questions
Right now, 1 Sommelier is worth about CA$0.0004205.
Based on the current rate, you could get 2,378.03 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 11,890.14 SOMM. Inversely, 5 SOMM will cost about CA$0.002103
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, Envision, and Envision. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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