About USDS and SOMM
USDS is falling, while Sommelier is climbing this week. The current USDS to SOMM conversion rate is 4,364.13. Inversely, this means that if you convert 1 SOMM you will get 0.0002291 USDS. The conversion rate of USDS/SOMM has increased by 0.28% in the last hour (SOMM/USDS decreased by 0.28%). In the last 24 hours, USDS/SOMM shrunk by 2.33%, while SOMM/USDS grew by 2.39%.
The exchange rate of USDS is decreasing. The current value of 1 USDS is 4,364.13 SOMM. In other words, to buy 5 USDS, it would cost you 21,820.65 SOMM. Inversely, 1 SOMM would allow you to trade for 0.0002291 USDS while 50 SOMM would convert to 0.01146 USDS, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 3.87%. Meanwhile, in the last 24 hours, the rate has changed by 1.94%, which means that the highest exchange rate of 1 USDS to SOMM was 4,482.10 SOMM and the lowest 24 hour value was 1 USDS for 4,180.23 SOMM. Last month, 1 USDS was worth 2,333.79 SOMM. Today, it's up 87%. Looking back a year, USDS has changed by 866.47 SOMM. That means that in a single year, the value of USDS has grown by 403.67%.
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 2:13 am
0.5 USDS = 2,182.07 SOMM |
1 USDS = 4,364.13 SOMM |
5 USDS = 21,820.65 SOMM |
10 USDS = 43,641.31 SOMM |
50 USDS = 218,206.54 SOMM |
100 USDS = 436,413.08 SOMM |
500 USDS = 2,182,065.41 SOMM |
1,000 USDS = 4,364,130.82 SOMM |
SOMM to USDS values from Today at 2:11 am
0.5 SOMM = 0.0001146 USDS |
1 SOMM = 0.0002291 USDS |
5 SOMM = 0.001146 USDS |
10 SOMM = 0.002291 USDS |
50 SOMM = 0.01146 USDS |
100 SOMM = 0.02291 USDS |
500 SOMM = 0.1146 USDS |
1,000 SOMM = 0.2291 USDS |
USDS to SOMM over time
USDS | Today | 24H -1.98% | 1M 46.52% | 1Y 80.15% |
|---|---|---|---|---|
0.5 USDS | 2,182.07 SOMM | 2,225.19 SOMM | 1,166.90 SOMM | 433.24 SOMM |
1 USDS | 4,364.13 SOMM | 4,450.37 SOMM | 2,333.79 SOMM | 866.47 SOMM |
5 USDS | 21,820.65 SOMM | 22,251.85 SOMM | 11,668.96 SOMM | 4,332.37 SOMM |
10 USDS | 43,641.31 SOMM | 44,503.70 SOMM | 23,337.92 SOMM | 8,664.74 SOMM |
50 USDS | 218,206.54 SOMM | 222,518.51 SOMM | 116,689.58 SOMM | 43,323.72 SOMM |
100 USDS | 436,413.08 SOMM | 445,037.01 SOMM | 233,379.16 SOMM | 86,647.44 SOMM |
500 USDS | 2,182,065.41 SOMM | 2,225,185.07 SOMM | 1,166,895.81 SOMM | 433,237.21 SOMM |
1,000 USDS | 4,364,130.82 SOMM | 4,450,370.14 SOMM | 2,333,791.62 SOMM | 866,474.43 SOMM |
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