Best-in-class yields
Automated vaults find best-in-class yields while mitigating risk.
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(Coming soon)
Market adaptive vaults provide a unique edge and improved risk mitigation.
Let automated vaults do the optimization for you.
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How it works
1
Strategist runs model off-chain and sends rebalance message
2
Sommelier blockchain reaches consensus on rebalance message
3
Rebalance message is transmitted to vault contract
4
Vault contract executes rebalance
5
Users are the only ones with the ability to deposit or withdraw
Secure
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.
Decentralized
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.
Adaptable
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.
Secure architecture
Audited Smart Contracts
All smart contracts have been independently audited and Sommelier has an active bug bounty program.
Validator Oversight
Vaults are managed by the Sommelier validator set instead of a multi-sig. Users are the only ones who can withdraw assets.
Approved Through Governance
All Sommelier vaults and their smart contracts are first approved through community governance before being onboarded to the protocol.
Smart Contract Controls
Validators can only move assets among the prescribed positions encoded in the vault smart contract.
Multi-Chain Without Bridged Assets
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.
Ecosystem
Integrations
Strategists
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Investors
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