Convert Sommelier SOMM to Radworks RAD
SOMM to RAD: 1 Sommelier converts to 0.0008935 RAD
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About SOMM and RAD
Sommelier is climbing, while Radworks is falling this week. The current SOMM to RAD conversion rate is 0.0008935. Inversely, this means that if you convert 1 RAD you will get 1,119.19 SOMM. The conversion rate of SOMM/RAD has increased by 0.04% in the last hour (RAD/SOMM decreased by 0.04%). In the last 24 hours, SOMM/RAD grew by 4.53%, while RAD/SOMM shrunk by 4.34%.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is 0.0008935 RAD. In other words, to buy 5 Sommelier, it would cost you 0.0044675 RAD. Inversely, 1 RAD would allow you to trade for 1,119.19 SOMM while 50 RAD would convert to 55,959.45 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 18.81%. Meanwhile, in the last 24 hours, the rate has changed by 2.88%, and that the highest exchange rate of 1 SOMM to RAD was 0.0009299 RAD and the lowest 24 hour value was 1 SOMM for 0.0008374 RAD. Last month, 1 SOMM was worth 0.0009301 RAD. Today, it's down 3.94%. Looking back a year, Sommelier has changed by 0.0009297 RAD. That means that in a single year, the value of Sommelier has shrank by 3.89%.
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.
Radworks Market Stats
$RAD is an Ethereum token that powers the Radworks ecosystem. Radworks is a community-governed organization that funds new, resilient, permissionless technologies to cultivate internet freedom. It is the organization behind Radicle, a sovereign peer-to-peer network for code collaboration, built on top of Git, and Drips, a peer-to-peer fund sharing and splitting solution built on Ethereum.
Conversion tables
SOMM to RAD values from Today at 6:36 pm
0.5 SOMM = 0.0004468 RAD |
1 SOMM = 0.0008935 RAD |
5 SOMM = 0.004468 RAD |
10 SOMM = 0.008935 RAD |
50 SOMM = 0.04468 RAD |
100 SOMM = 0.08935 RAD |
500 SOMM = 0.4468 RAD |
1,000 SOMM = 0.8935 RAD |
RAD to SOMM values from Today at 6:37 pm
0.5 RAD = 559.59 SOMM |
1 RAD = 1,119.19 SOMM |
5 RAD = 5,595.95 SOMM |
10 RAD = 11,191.89 SOMM |
50 RAD = 55,959.45 SOMM |
100 RAD = 111,918.90 SOMM |
500 RAD = 559,594.51 SOMM |
1,000 RAD = 1,119,189.03 SOMM |
SOMM to RAD over time
SOMM | Today | 24H 2.79% | 1M -4.10% | 1Y -4.05% |
|---|---|---|---|---|
0.5 SOMM | 0.0004468 RAD | 0.0004343 RAD | 0.0004651 RAD | 0.0004648 RAD |
1 SOMM | 0.0008935 RAD | 0.0008685 RAD | 0.0009301 RAD | 0.0009297 RAD |
5 SOMM | 0.004468 RAD | 0.004343 RAD | 0.004651 RAD | 0.004648 RAD |
10 SOMM | 0.008935 RAD | 0.008685 RAD | 0.009301 RAD | 0.009297 RAD |
50 SOMM | 0.04468 RAD | 0.04343 RAD | 0.04651 RAD | 0.04648 RAD |
100 SOMM | 0.08935 RAD | 0.08685 RAD | 0.09301 RAD | 0.09297 RAD |
500 SOMM | 0.4468 RAD | 0.4343 RAD | 0.4651 RAD | 0.4648 RAD |
1,000 SOMM | 0.8935 RAD | 0.8685 RAD | 0.9301 RAD | 0.9297 RAD |
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