Sommelier is built on the Cosmos SDK to maximize interoperability with other blockchains, and the platform is a reimagined gateway into interchain DeFi. With a bridge in place connecting the Cosmos-based platform to Ethereum, Sommelier will be able to execute strategies across multiple blockchains, opening a wide horizon of possibilities
Traditional Finance has come to rely on the power of off-chain computation, since it allows their strategies to be proprietary and include the work of highly sophisticated data modeling, machine learning models which would be impossible to do On-chain. Sommelier aims to do all of this but without the tradeoff of centralization that exists in traditional finance thanks to its Validator Set.
Kristi Poldsam, Co-founder
San Francisco, US
Power Planet Holdings
Sommelier Raises $23M Series A Round to Build Decentralized Blockchain for Automated Portfolio Management
“First-of-its-kind decentralized and automated portfolio manager software leverages data streams from liquidity pools to identify investment opportunities and reallocate capital for maximum yield”
Sommelier Raises $3.5M in Seed Funding
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