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Introducing the Sommelier Network Mainnet and Ethereum Gravity Bridge

We are excited to announce the launch of Sommelier Network mainnet and Gravity Bridge on Mainnet! Gravity is a bi-directional Ethereum bridge that is managed by a global network of validators, which will allow Liquidity Providers to execute automated financial transactions, such as portfolio rebalancing, limit orders, as well as a host of other features that token holders have come to expect from CeFi, but that are not currently available in DeFi.

The Sommelier Gravity bridge implementation includes the following components:

  • Solidity Contract: This is the Ethereum contract that controls the Gravity bridge

  • Cosmos Module: This is the Cosmos module code validator syncing, transaction batching and bi-directional token issuance

  • Orchestrator / Relayer: This relayer of the transaction batches that are created in the Cosmos Module.

The Sommelier network is designed to remove the hassle by automating moves into and out of liquidity pools by handing portfolio management and order execution to the public network of Sommelier validator nodes.

The first validator-managed DeFi application that is launching on Sommelier are Sommelier Cellars. These Cellars act as DeFi vaults and will automatically rebalance and optimize users Uniswap V3 Liquidity positions by finding the highest volume/volatility opportunities for maximum fee generation.

“Liquidity Providers in the EVM DeFi ecosystem have been frustrated with the challenge of sourcing and selecting the most lucrative liquidity pools to allocate their capital,” said Zaki Manian, Co-Founder of Sommelier. “Compounding this problem, surging Ethereum gas prices make the move to Layer two pools and alternative EVM chains inevitable. Sommelier is designed to identify and capture the maximum yield opportunities wherever they may exist on any EVM complaint chain or sidechain. Sommelier Cellars are community created and community elected strategies that the Sommelier network of validators execute to manage the movement of capital across blockchains. The network is the portfolio manager.”

Over the coming months, Sommelier’s network will continue to grow with the community and awareness of the community-elected Sommelier Cellars. Community members are expected to have a number of innovative DeFi strategies that they will present and seek community support to launch on Sommelier’s network. The launch of Sommelier’s Mainnet is just the beginning - the future of DeFi is automated liquidity management and Sommelier will deliver the software for this new phase of decentralized portfolio management.

To learn more about Sommelier, please visit https://sommelier.finance/

To use Sommelier, try the Pairings App at https://app.sommelier.finance/

To participate in the community, please join the Telegram group https://t.me/getsomm or our Discord https://discord.gg/gZzaPmDzUq

To follow the project on Github, please Star the project https://github.com/PeggyJV/sommelier

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This website does not constitute an offer to sell or a solicitation of interest to purchase any securities in any country or jurisdiction in which such offer or solicitation is not permitted by law. Nothing on this website is meant to be construed as investment advice and we do not provide investment advisory services, nor are we regulated or permitted to do so. This website is provided for convenience only. Sommelier does not manage any portfolios. You must make an independent judgment as to whether to add liquidity to portfolios.

Users of the Sommelier website should familiarize themselves with smart contracts to further consider the risks associated with smart contracts before adding liquidity to any portfolios.

Note that the website may change, and we are under no obligation to update or advise as to these changes. There is no guarantee that the Sommelier Mainnet, including any software, products or token use cases mentioned on the website, will be built, or offered by Sommelier. In particular, actual results and developments may be materially different from any forecast, opinion or expectation expressed in this website, or documents contained in it, and the past performance of any portfolio must not be relied on as a guide to its future performance.

To the extent permitted by law, the company and its directors, officers, employees, agents exclude all liability for any loss or damage arising from the use of, or reliance on, the material contained on this website whether or not caused by a negligent act or omission. The release, publication or distribution of this website and any materials herein may be restricted in some jurisdiction and therefore you must inform yourself of and observe any such restrictions.