Sommelier

Sommelier is a decentralized finance (DeFi) platform built on the Cosmos SDK, designed to maximize interoperability with other blockchains. The platform serves as a reimagined gateway into interchain DeFi, featuring a bridge that connects its Cosmos-based infrastructure to Ethereum. Sommelier’s protocol includes multiple safeguards, such as those encoded in vault smart contracts and managed by a validator set, ensuring no single entity has control. Protocol governance is managed by SOMM token holders, who can stake their tokens to secure the protocol and earn rewards funded by vault fees. The platform’s vaults adapt to market conditions using off-chain computation and indicators to optimize rebalances, with all smart contracts independently audited and an active bug bounty program in place through Immunefi. Users retain exclusive control over asset withdrawals from the vaults, which are managed by the validator set rather than a multi-sig. Community governance approves all vaults and smart contracts before onboarding. Sommelier operates on multiple chains, using bridges to pass rebalance instructions without bridging assets. The platform offers automated vaults that aim to find best-in-class yields while mitigating risk, with strategies like Real Yield ETH, Real Yield BTC, and Real Yield USD. These strategies maximize yields through various methods, including leveraged staking, liquidity provision, and dynamic strategies across platforms like Aave, Compound, and Uniswap V3. Sommelier’s decentralized, bi-directional Ethereum bridge is managed by a global network of validators. Investors in Sommelier include Polychain Capital, Standard Crypto, and Multicoin. The company’s headquarters is located at Maakri 36-50, Tallinn, Estonia 10145.