About USDS and SOMM
USDS is climbing, while Sommelier is falling this week. The current USDS to SOMM conversion rate is 2,731.82. Inversely, this means that if you convert 1 SOMM you will get 0.0003661 USDS. The conversion rate of USDS/SOMM has decreased by 0.02% in the last hour (SOMM/USDS increased by 0.02%). In the last 24 hours, USDS/SOMM grew by 0.97%, while SOMM/USDS shrunk by the same amount.
The exchange rate of USDS is increasing. The current value of 1 USDS is 2,731.82 SOMM. In other words, to buy 5 USDS, it would cost you 13,659.11 SOMM. Inversely, 1 SOMM would allow you to trade for 0.0003661 USDS while 50 SOMM would convert to 0.0183 USDS, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 12.68%. Meanwhile, in the last 24 hours, the rate has changed by 0.16%, and that the highest exchange rate of 1 USDS to SOMM was 2,788.60 SOMM and the lowest 24 hour value was 1 USDS for 2,696.19 SOMM. Last month, 1 USDS was worth 2,761.66 SOMM. Today, it's down 1.09%. Looking back a year, USDS has changed by 778.93 SOMM. That means that in a single year, the value of USDS has grown by 71.49%.
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.
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
USDS to SOMM values from Today at 12:17 pm
0.5 USDS = 1,365.91 SOMM |
1 USDS = 2,731.82 SOMM |
5 USDS = 13,659.11 SOMM |
10 USDS = 27,318.23 SOMM |
50 USDS = 136,591.13 SOMM |
100 USDS = 273,182.26 SOMM |
500 USDS = 1,365,911.32 SOMM |
1,000 USDS = 2,731,822.63 SOMM |
SOMM to USDS values from Today at 12:15 pm
0.5 SOMM = 0.000183 USDS |
1 SOMM = 0.0003661 USDS |
5 SOMM = 0.00183 USDS |
10 SOMM = 0.003661 USDS |
50 SOMM = 0.0183 USDS |
100 SOMM = 0.03661 USDS |
500 SOMM = 0.183 USDS |
1,000 SOMM = 0.3661 USDS |
USDS to SOMM over time
USDS | Today | 24H 0.16% | 1M -1.09% | 1Y 71.49% |
|---|---|---|---|---|
0.5 USDS | 1,365.91 SOMM | 1,363.72 SOMM | 1,380.83 SOMM | 389.46 SOMM |
1 USDS | 2,731.82 SOMM | 2,727.45 SOMM | 2,761.66 SOMM | 778.93 SOMM |
5 USDS | 13,659.11 SOMM | 13,637.25 SOMM | 13,808.31 SOMM | 3,894.64 SOMM |
10 USDS | 27,318.23 SOMM | 27,274.49 SOMM | 27,616.62 SOMM | 7,789.28 SOMM |
50 USDS | 136,591.13 SOMM | 136,372.46 SOMM | 138,083.11 SOMM | 38,946.38 SOMM |
100 USDS | 273,182.26 SOMM | 272,744.92 SOMM | 276,166.22 SOMM | 77,892.75 SOMM |
500 USDS | 1,365,911.32 SOMM | 1,363,724.61 SOMM | 1,380,831.10 SOMM | 389,463.77 SOMM |
1,000 USDS | 2,731,822.63 SOMM | 2,727,449.23 SOMM | 2,761,662.21 SOMM | 778,927.54 SOMM |
Frequently asked questions
Right now, 1 USDS is worth about CA$1.39.
Based on the current rate, you could get 0.7176 USDS for 1 CAD.
USDS price has been declining. Since yesterday, the exchange rate of USDS has decreased. Since last month, the exchange rate of USDS has decreased. Since this time last year, the price of USDS has decreased.
You can use our USDS to CAD calculator at the top of this page to convert any amount of USDS to CAD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 CAD is equivalent to 3.59 USDS. Inversely, 5 USDS will cost about CA$6.97
USDS can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy USDS.
There are a number of crypto assets that have the a similar or comparable market cap to USDS, including Lido Staked ETH, Lido wstETH, and Wrapped Bitcoin. For a more robust list of assets to explore, jump to the asset page dedicated to USDS.
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