Convert Sommelier SOMM to Moldovan Leu MDL
SOMM to MDL: 1 Sommelier converts to MDL 0.004223 MDL as of October 22 at 8:41 PM
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About Sommelier
Sommelier is falling this week. The current price of Sommelier is MDL 0.004223 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of MDL 1,582,769.77. The amount of Sommelier traded has risen by MDL 3,865.06 in the last 24 hours, which is a 96.59% increase. Additionally, in the last day, MDL 4,001.38 worth of SOMM has been traded.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is MDL 0.004223 MDL. In other words, to buy 5 Sommelier, it would cost you MDL 0.021115 MDL. Inversely, MDL 1.00 MDL would allow you to trade for 236.80 SOMM while MDL 50.00 MDL would convert to 11,839.83 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 29.63%. Meanwhile, in the last 24 hours, the rate has changed by 3.31%, and that the highest exchange rate of 1 SOMM to MDL was MDL 0.005403 MDL and the lowest 24 hour value was 1 SOMM for MDL 0.003763 MDL. Last month, 1 SOMM was worth MDL 0.008349 MDL. Today, it's down 50.41%. Looking back a year, Sommelier has changed by MDL 0.0289 MDL. That means that in a single year, the value of Sommelier has shrank by 86.12%.
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
SOMM to MDL values from Today at 8:41 pm
0.5 SOMM = MDL 0.002112 MDL |
1 SOMM = MDL 0.004223 MDL |
5 SOMM = MDL 0.02112 MDL |
10 SOMM = MDL 0.04223 MDL |
50 SOMM = MDL 0.2112 MDL |
100 SOMM = MDL 0.4223 MDL |
500 SOMM = MDL 2.11 MDL |
1,000 SOMM = MDL 4.22 MDL |
MDL to SOMM values from Today at
MDL 0.50 MDL = 118.40 SOMM |
MDL 1.00 MDL = 236.80 SOMM |
MDL 5.00 MDL = 1,183.98 SOMM |
MDL 10.00 MDL = 2,367.97 SOMM |
MDL 50.00 MDL = 11,839.83 SOMM |
MDL 100.00 MDL = 23,679.66 SOMM |
MDL 500.00 MDL = 118,398.30 SOMM |
MDL 1,000.00 MDL = 236,796.59 SOMM |
SOMM to MDL over time
SOMM | Today | 24H -3.90% | 1M -97.70% | 1Y -584.40% |
|---|---|---|---|---|
0.5 SOMM | MDL 0.002112 MDL | MDL 0.002194 MDL | MDL 0.004175 MDL | MDL 0.01445 MDL |
1 SOMM | MDL 0.004223 MDL | MDL 0.004388 MDL | MDL 0.008349 MDL | MDL 0.0289 MDL |
5 SOMM | MDL 0.02112 MDL | MDL 0.02194 MDL | MDL 0.04175 MDL | MDL 0.1445 MDL |
10 SOMM | MDL 0.04223 MDL | MDL 0.04388 MDL | MDL 0.08349 MDL | MDL 0.289 MDL |
50 SOMM | MDL 0.2112 MDL | MDL 0.2194 MDL | MDL 0.4175 MDL | MDL 1.45 MDL |
100 SOMM | MDL 0.4223 MDL | MDL 0.4388 MDL | MDL 0.8349 MDL | MDL 2.89 MDL |
500 SOMM | MDL 2.11 MDL | MDL 2.19 MDL | MDL 4.17 MDL | MDL 14.45 MDL |
1,000 SOMM | MDL 4.22 MDL | MDL 4.39 MDL | MDL 8.35 MDL | MDL 28.90 MDL |
Frequently asked questions
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