Let automated vaults do the optimization for you.
Strategist runs model off-chain and sends rebalance message
Sommelier blockchain reaches consensus on rebalance message
Rebalance message is transmitted to vault contract
Vault contract executes rebalance
Users are the only ones with the ability to deposit or withdraw
The protocol is designed with multiple safeguards in place, ranging from those encoded in the vault smart contracts to the validator set, which acts as a guardian between users and strategists.
No single entity has control over the protocol. The validator set reaches consensus on the rebalances executed on-chain and SOMM token holders control protocol governance.
The protocol was designed to be secure but flexible, allowing vaults to adapt to market conditions. The vault's adaptability is due in large part to the ability to utilize off-chain computation and indicators to optimize rebalances.
All smart contracts have been independently audited and Sommelier has an active bug bounty program.
Vaults are managed by the Sommelier validator set instead of a multi-sig. Users are the only ones who can withdraw assets.
All Sommelier vaults and their smart contracts are first approved through community governance before being onboarded to the protocol.
Validators can only move assets among the prescribed positions encoded in the vault smart contract.
Sommelier functions on multiple chains by using bridges to pass rebalance instructions to its vault smart contracts. Importantly, no assets are bridged in this process, only the details on how the vault should rebalance.
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