Sommelier Finance (SOMM)

What is Sommelier Finance

Sommelier is a coprocessor for Ethereum that moves DeFi assets from Automated Market Makers (AMMs) into higher yields more quickly and cheaply than previously possible. This is done through automated investment strategies implemented across different protocols. Community members can create Cellars that execute 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.

What are the main use cases for Sommelier?

• Automatically rebalance your portfolio when pool performance changes such that impermanent and unrealized losses require a change in strategy
• Automatically rebalance the portfolio to focus on high yield Liquidity Provider opportunities and exit lower-yielding opportunities
• Aggregating and batching transactions with Sommelier will yield lower gas prices for growing demand among Liquidity Providers to manage pool position and performance
• Native transaction batching and roll-ups deliver greater liquidity momentum to capture on-chain yield on the Ethereum blockchain.