SOMM to EUR Converter

How much Euro ( EUR) is 1 Sommelier ( SOMM)?

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Sommelier

SOMM

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Euro

EUR

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How does it work?

The Morpher currency calculator allows you to convert a currency from Sommelier (SOMM) to Euro (EUR) in just a few clicks at live exchange rates.
Simply enter the amount of Sommelier you wish to convert to EUR and the conversion amount automatically populates. You can also use our Prices Calculator Table to calculate how much your currency is worth in other denomination, i.e. 1 SOMM, 5 SOMM, 10 SOMM, 50 SOMM etc.

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Quick facts about Sommelier

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.

SOMM Price Chart

No TradingView Chart Sorry! We can’t find a chart for this market.

SOMM to EUR price stats

24hr
2.98% up
7d
-23.04% up
30d
-41.35% up
Over the past 30 days, Sommelier has dropped -41.35% to EUR. The trend and price charts for the past week shows that SOMM has dropped -23.04% to EUR and over the past 24 hours, SOMM has gained 2.98% to EUR.
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SOMM
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EUR
0.5 0.055
1 0.111
5 0.553
10 1.105
50 5.527
100 11.054
500 55.269
1000 110.538
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EUR
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SOMM
0.5 0.055
1 0.111
5 0.553
10 1.105
50 5.527
100 11.054
500 55.269
1000 110.538