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Sommelier Finance

Sommelier Finance

Sommelier Finance

https://www.sommelier.finance
Sommelier Finance is a Cosmos SDK-based blockchain that provides risk-managed multichain DeFi strategies.
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Validator Address

Network Details

Expected Annual Reward Rate

21.50 %

Unbonding Period

21 days

Fee

10 %

Payment Frequency

Per Block

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Stake Now
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How To Stake

Why Stake With KingSuper ?

Governance Participation
Governance Participation

With great power comes great responsibility. We make sure that thoroughly understand proposals before taking a stance

No Slashing
No Slashing

We take uptime very seriously and make sure our delegator rewards never get penalized. We have a track record of zero slashes across all validators.

Experience
Experience

We have been validating since mid-2020 and have years of experience maintaining highly available systems with zero downtime.

Community Contribution
Community Contribution

We always go above and beyond to build tools for the community. If we see an opportunity, we always step up to create something cool and helpful.

FAQs

Because we know you’ve got questions !

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What is Sommelier Finance ?

Sommelier Finance is a Cosmos SDK-based blockchain that provides risk-managed multichain DeFi strategies.

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What is staking ?

Staking refers to the process of holding and locking up a certain amount of a cryptocurrency in a wallet to support operations such as transaction validation and network security in a proof-of-stake (PoS) blockchain network

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How can I stake ?

You can check out our staking guide on how to stake. The process just involves a couple of clicks

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How much $SOMM will I earn ?

The amount of tokens you earn through staking depends on several factors, including the specific rules of the blockchain network, the amount of cryptocurrency you're staking, the total amount of cryptocurrency staked on the network, and the length of time you're willing to lock up your funds. Some networks may also factor in other variables. You can always check the Expected Annual Reward Rate for an estimation.

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Can I unstake my $SOMM tokens immediately ?

Yes, but after you unstake them, they go through an unbonding period. After the unbonding period is over, they can be moved freely.

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Do I still own my tokens if I stake them ?

Yes, you still own your tokens when you stake them. However, they are locked up in the network during the staking period, which means you can't sell or transfer them until they are unstaked or until the lock-up period ends, according to the network's specific staking rules.

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Can you loose staked tokens ?

Yes, it's possible to lose staked tokens, particularly in a system known as 'slashing.' This occurs when a participant, acting maliciously or negligently, violates the network's rules. We have a track record of zero slashes, so your tokens are safe with us.

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Where can I find more information about staking and validators?

You can always visit the project website or the block explorer for more detail

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