The new Cellar architecture from Sommelier Finance is now live. This will now provide all of the connected strategists and DeFi builders with the opportunity to effectively gain access to the most highly boosted vault smart contract. This, in turn, will be used to carry out DEFI strategies. Popularly known as Cellars V2 offers strategists the option of utilizing any DeFi protocol, which has an exorbitantly varied design area.
In addition to this, it also provides the DeFi builders with the option of integrating automated and active portfolio management where their protocols are concerned. Through this, yields get improved, which enhances the overall user experience.
Sommelier was developed using the Cosmos SDK and has its own sovereign blockchain. The concept for building their own blockchain came from the observation that the decentralized asset management protocols that were already in place never seemed to be sufficient in and of themselves. It was discovered that when money entered the vaults, yields began to fall, and the fundamentals of the market as a whole shifted. This demonstrated that while the tactics would appear to be successful, they would not be so soon. Overall, they weren’t being adaptable.
The resultant factor was that other protocols attempted to rise to the occasion. Strategies were created around the fact that an individual strategist could be in control. After extensive research and determining that there was nothing on the market that met the market’s expectations, Sommelier decided to create its own. With the launch of Cellars V2, the initial vision of asset management for the company has been kept in place. It is able to correctly gauge DeFi situations and act accordingly, with the utilization of a complete decentralized architecture.
At the core of Cellars V2 is the adapter architecture. With these adapters’ help, strategies can carry out their work on DeFi protocols. It also provides the option of multiple DeFi protocols being utilized for the same strategy.
The Real Yield USD strategy is one of the successes achieved using Cellars V2. Trading techniques for assets have the option of going long or short. In the context of loan protocols, adapters may also be used. The Sommelier team is also working on the creation of additional adapters for various blue-chip protocols.
Where Sommelier is concerned, it happened to have been co-founded in the year 2020. It was run by an exceptionally hard-working and effective team of Ethereum and Cosmos developers. This also consisted of the likes of Zaki Manian and Kristi Poldsam. At the present moment in time, the protocol happens to be on the mainnet, searching for fresh contributors as well as community members.