Hope everyone's holidays have been going well! We have one final launch that we'll be doing before the end of the year and that is the Steady MATIC and Steady UNI strategies. Join us for our launch event on Dec 29 at 4pm UTC. You won't want to miss this!

RSVP: https://youtube.com/watch?v=q7HCtm9ZC6M

Our launch event for the Steady MATIC and Steady UNI strategies is about to begin. Make sure to tune in to learn more. If you already know everything and are ready to participate, head over to the App.

YouTube Stream: https://www.youtube.com/watch?v=q7HCtm9ZC6M
App: https://app.sommelier.finance/

Happy New Year everyone! To celebrate the launch of our Steady MATIC strategy, we'll be hosting a Twitter Space with the team at Polygon (MATIC) this Wednesday.

This will be a great opportunity to learn about that ecosystem and why MATIC was chosen as one of the first supported assets outside of Bitcoin and Ethereum.

Set your reminders now!
https://twitter.com/i/spaces/1mrGmkzyMZQxy?s=20

The launch of Real Yield USD is off to a hot start with nearly $2M in TVM. To keep the momentum going, the team at Seven Seas has requested an additional 500k SOMM to incentivize additional deposits.

Learn more at https://community.sommelier.finance/t/sips-032-upcoming-real-yield-usd-2nd-lm-program-proposal/1056

Our largest incentive program to date has begun! 1M SOMM will be distributed over the next 30 days to depositors in the Real Yield USD vault.

That means users earn the base yield (which has been best-in-class) + SOMM incentives.

Join at http://app.sommelier.finance

Let's talk mission and strategy.

At Sommelier, we believe in the potential of DeFi to create a world where transferring value is easy, economic decisions are reached through community consensus, and financial systems are accessible and transparent.

Have a read on this in this blog post: https://medium.com/@sommelier.finance/sommeliers-mission-and-strategy-86be572202f1

Happy Monday!

For those of you already in or considering the Real Yield USD vault, a proposal should go to vote within the next 24 hours to extend the liquidity mining program with 300,000 SOMM distributed over 30 days. Votes take 48 hours, so if the proposal passes, SOMM rewards would begin flowing again after that.

You can review the proposal at https://community.sommelier.finance/t/real-yield-usd-4th-lm-program/1095

Sommelier Is Going Multichain Via Axelar

We are pleased to announce that Sommelier will use Axelar and its newly-minted Cosmos General Message Passing (GMP) technology to support vaults on Arbitrum One, and we plan to expand to further Layer-2 (L2) and EVM networks in the future.

Read more on this here: https://medium.com/@sommelier.finance/sommelier-is-going-multichain-via-axelar-598db59100be

Happy Wednesday.

The DeFi Stars vault is officially live and SOMM rewards are flowing! If you're looking to get exposure to a basket of blue chip DeFi assets, this vault is probably going to be interesting to you.

It also differentiates itself by providing better downside protection than what you would otherwise experience in similar products like the DeFi Pulse Index.

Learn more at https://app.sommelier.finance/

We've heard your requests for a way to more easily track your current ETH position in the Real Yield ETH vault. We've pushed an update to our UI where you can now see the value of your position in ETH terms and the USD equivalent. We hope you find this update useful.

We have a number of additional UI updates and dashboards in the works to make your life easier. Also, be on the lookout for more vaults coming soon 🍷

Check out the latest blog on the new vaults we'll be launching for 1INCH, ENS, LINK, SNX and UNI on May 31st.

https://medium.com/@sommelier.finance/were-launching-real-yield-vaults-for-1inch-ens-link-snx-and-uni-c9f31f83909e

We're excited to announce the launch of our 5 newest vaults for 1INCH, ENS, LINK, SNX and UNI. Importantly, for the first 48 hours, the first 40 addresses that deposit more than $1k of liquidity in each vault can become "Early Yielders" which means they will receive a $25 reward in their deposit token.

You can learn more about the Early Yielder program at https://medium.com/@sommelier.finance/maximize-rewards-and-minimize-fees-by-becoming-an-early-yielder-16fc24a6dd6

You can deposit into the vaults at https://www.sommelier.finance/stake-any-asset

Jade Protocol Allocates ~$2M to Sommelier Vaults

Read more: https://medium.com/@sommelier.finance/jade-protocol-allocates-2m-to-sommelier-vaults-aa9abd9696e1

1️⃣ Jade Protocol, the community-governed investment collective, has allocated $1.25M USDC to Real Yield USD and 450 ETH to Real Yield ETH vaults on Sommelier. These vaults have become category leaders, attracting millions in TVL.

2️⃣ Jade Protocol, with its JADE Alpha Army, sources and vets investment opportunities. Their goal is twofold: leverage treasury into equity stakes with startups and invest idle capital into liquid assets generating APR. These vaults align perfectly with their mission.

3️⃣ Real Yield ETH and Real Yield USD vaults provide exceptional organic yields - ~10% base yields on ETH-denominated assets and ~5% on stablecoins, respectively. These vaults adapt to new opportunities and employ evergreen strategies such as LP tick optimization.

4️⃣ The exceptional organic yields, market adaptability, and security safeguards make the Real Yield vaults an excellent long-term choice for the DAO's Treasury assets. By receiving yield from real DeFi activities, the protocol gains financial certainty in widely used assets.

5️⃣ If you're involved in capital allocation within DeFi, reach out to us to learn more about the vaults on Sommelier.

We're pleased to announce the upcoming Fraximla vault which seeks to optimize the Fraxlend experience. The vault ensures optimized yields while maintaing liquidity and avoiding gas costs associated with rebalancing.

Yields on the vault could rage between 6-20% net of fees. Expect the vault to launch next week.

Learn more in our blog: https://medium.com/@sommelier.finance/sommelier-to-launch-the-fraximal-vault-to-optimize-fraxlend-fedca1b631a4

Exciting news!

Sommelier has integrated with Morpho, unlocking even greater yield potential for users of Real Yield ETH and Real Yield USD.

This integration also provides strategists with access to another blue-chip lending market for future vaults

Learn more in our Twitter announcement: https://twitter.com/sommfinance/status/1676229378835972097?s=46&t=IC31G4imLitH1eRrMUq7pA

The Fraximal vault is live! Fraximal automates optimized lending positions to deliver the highest yield in the Fraxlend ecosystem.

Yields on the vault could range between 6–20% net of fees. We also have a SOMM incentive program running for the next 30 days.

Participate at https://app.sommelier.finance/strategies/Fraximal/manage

You can find an update on a few of the vault's activities in light of the exploits in the Curve ecosystem.
Overall, these events demonstrated the power of Sommelier vaults and their ability to ingest real-time information.

https://twitter.com/sommfinance/status/1686383816947236864?s=20

Maximize your swETH potential with the Turbo swETH vault! Swell has accrued over $80 million in TVL making it one of the fastest growing protocols in Liquid Staking DeFi. The time has come for Sommelier to turbocharge swETH yield opportunities.

Learn more about the vault ahead of next week's launch! https://medium.com/@sommelier.finance/maximize-your-sweth-potential-with-the-turbo-sweth-vault-4b086b5a74dc