Sommelier Finance

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Revision as of 07:00, 12 December 2022 by Grand Master Pepe (talk | contribs) (→‎Cons)
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A "co-processor” for Ethereum DeFi built on the Cosmos SDK

Basics

  • Based in:
  • Started in / Announced on:
  • Testnet release:
  • Mainnet release:

History

Audits & Exploits

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

Transaction Details

How it works

Fees

Upgrades

Staking

"Transactions are managed by the Sommelier validator set with decentralized governance."

Validator Stats

Liquidity Mining

Scaling

Interoperability

"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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