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Sommelier
Sommelier is a decentralized asset management protocol that provides automated, market-adaptive investment vaults (called 'Cellars') to optimize yield and manage risk. Built on the Cosmos SDK with a bridge to EVM networks, it leverages off-chain computation by strategists to execute sophisticated DeFi strategies on-chain. The protocol is non-custodial, governed by its validator set, and serves investors looking to earn yield on their crypto assets through dynamic strategies.
Tallinn, Estonia
Employees: 27
Description
Sommelier is a decentralized asset management protocol built on the Cosmos SDK with a bridge to high-value EVM networks. It enables the creation and execution of automated, dynamic investment strategies known as 'Cellars'. These Cellars, managed by strategy providers, automatically rebalance user assets across various DeFi protocols to optimize yield and manage risk. The protocol's unique architecture allows for complex, proprietary models to be run off-chain by strategists. The resulting rebalancing instructions are then sent to the Sommelier blockchain, where the validator set reaches consensus before transmitting the actions to the on-chain vault smart contracts for execution. This design keeps strategies private, aggregates transactions to reduce gas fees, and enhances security by not bridging the underlying assets. The platform is non-custodial and governed by its users. The platform, developed and managed by Bajanss OÜ, also integrates third-party solutions to monitor on-chain data for illicit activities and ensure compliance.Grant Funding
VC Funding
None
2021
$0
$28M