Difference between revisions of "Sommelier Finance"
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===Cons=== | ===Cons=== | ||
* Had investment from [[FTX (FTT)|Alameda Research]]/FTX, which [https://twitter.com/Edvis100/status/1591106606716313600 came out] (11-11-2022) during the FTX crash. This could mean fall-out risk. | * Had investment from [[FTX (FTT)|Alameda Research]]/FTX, which [https://twitter.com/Edvis100/status/1591106606716313600 came out] (11-11-2022) during the FTX crash. This could mean fall-out risk. [https://docs.google.com/spreadsheets/d/1xoYqw-5EjQIiunX75UzozzMPOspm0KwFzgA-SKBcvyo/edit#gid=0 Turned out] to be $4.5M in tokens (8-12-2022) from three rounds. | ||
==Team, Funding and Partners== | ==Team, Funding and Partners== | ||
Latest revision as of 07:00, 12 December 2022
A "co-processor” for Ethereum DeFi built on the Cosmos SDK
Basics
History
Audits & Exploits
- Bug bounty program can be found [insert here].
Bugs/Exploits
Governance
Admin Keys
DAO
Treasury
Token
Launch
Token Allocation
Utility
Other Details
Stablecoin
Coin Distribution
Technology
- Whitepaper or docs can be found [insert here].
- Code can be viewed [insert here].
Implementations
- Built on: Cosmos, Tendermint Consensus
- Programming language used:
Transaction Details
How it works
Fees
Upgrades
Staking
- From their website (28-3-2022):
"Transactions are managed by the Sommelier validator set with decentralized governance."
Validator Stats
Liquidity Mining
Scaling
Interoperability
- From their website (28-3-2022):
"Ethereum transactions are managed by the most functional bridge optimized for extending Ethereum features for users."
Other Details
Oracle Method
Privacy Method
Compliance
Their Other Projects
Roadmap
- Can be found here (28-3-2022) but doesn't go further than Q3 2021. It mentions a DAO but this is not live yet.
Usage
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
- Had investment from Alameda Research/FTX, which came out (11-11-2022) during the FTX crash. This could mean fall-out risk. Turned out to be $4.5M in tokens (8-12-2022) from three rounds.
Team, Funding and Partners
Team
- Full team can be found here.
- Zaki Manian, founder
- Jack Zampolin; co-founder. Jack joined Tendermint in mid 2018 as Product Manager. Later, he was promoted to Director of Product. Jack left Tendermint in June 2019. He later joined Akash Network as VP of Product. As of 2022, Jack is the Co-Founder of Sommelier finance & Strange Love Ventures.
- Fedrico Kullmer; co-founder, Fedrico joined Tendermint as an Intern in 2018. He later was promoted to software developer. He left Tendermint in 2020. He later worked at Kava Labs, Chainsafe and Interchain Foundation.
Funding
Partners
(:
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