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About SOMM and SKY
Sommelier is climbing, while Sky is falling this week. The current SOMM to SKY conversion rate is 0.003379. Inversely, this means that if you convert 1 SKY you will get 295.90 SOMM. The conversion rate of SOMM/SKY has increased by 0.59% in the last hour (SKY/SOMM decreased by 0.58%). In the last 24 hours, SOMM/SKY grew by 2.55%, while SKY/SOMM shrunk by 2.48%.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is 0.003379 SKY. In other words, to buy 5 Sommelier, it would cost you 0.016897 SKY. Inversely, 1 SKY would allow you to trade for 295.90 SOMM while 50 SKY would convert to 14,795.21 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 3.1%. Meanwhile, in the last 24 hours, the rate has changed by 2.14%, and that the highest exchange rate of 1 SOMM to SKY was 0.003494 SKY and the lowest 24 hour value was 1 SOMM for 0.003279 SKY. Last month, 1 SOMM was worth 0.005121 SKY. Today, it's down 34.01%. Looking back a year, Sommelier has changed by 0.02147 SKY. That means that in a single year, the value of Sommelier has shrank by 84.26%.
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.
Sky Market Stats
The SKY token is the native governance and utility token of the Sky Protocol, a decentralized finance (DeFi) platform that evolved from MakerDAO. It plays a central role in the protocol’s ecosystem, supporting a range of financial services and community-driven governance.
Conversion tables
SOMM to SKY values from Today at 4:09 am
0.5 SOMM = 0.00169 SKY |
1 SOMM = 0.003379 SKY |
5 SOMM = 0.0169 SKY |
10 SOMM = 0.03379 SKY |
50 SOMM = 0.169 SKY |
100 SOMM = 0.3379 SKY |
500 SOMM = 1.69 SKY |
1,000 SOMM = 3.38 SKY |
SKY to SOMM values from Today at 4:11 am
0.5 SKY = 147.95 SOMM |
1 SKY = 295.90 SOMM |
5 SKY = 1,479.52 SOMM |
10 SKY = 2,959.04 SOMM |
50 SKY = 14,795.21 SOMM |
100 SKY = 29,590.41 SOMM |
500 SKY = 147,952.07 SOMM |
1,000 SKY = 295,904.13 SOMM |
SOMM to SKY over time
SOMM | Today | 24H 2.09% | 1M -51.54% | 1Y -535.23% |
|---|---|---|---|---|
0.5 SOMM | 0.00169 SKY | 0.001654 SKY | 0.002561 SKY | 0.01073 SKY |
1 SOMM | 0.003379 SKY | 0.003309 SKY | 0.005121 SKY | 0.02147 SKY |
5 SOMM | 0.0169 SKY | 0.01654 SKY | 0.02561 SKY | 0.1073 SKY |
10 SOMM | 0.03379 SKY | 0.03309 SKY | 0.05121 SKY | 0.2147 SKY |
50 SOMM | 0.169 SKY | 0.1654 SKY | 0.2561 SKY | 1.07 SKY |
100 SOMM | 0.3379 SKY | 0.3309 SKY | 0.5121 SKY | 2.15 SKY |
500 SOMM | 1.69 SKY | 1.65 SKY | 2.56 SKY | 10.73 SKY |
1,000 SOMM | 3.38 SKY | 3.31 SKY | 5.12 SKY | 21.47 SKY |
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