Gate.io AMA with Sommelier-Bringing Transparent Portfolio Management to the Masses

2023-03-16, 06:15

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![](https://gimg2.gateimg.com/image/article/16789471531.jpeg)
**<font size=4>Time: Mar 15th, 2023, 13:00 UTC
[Gate.io](https://www.gate.io "Gate.io") hosted an AMA (Ask-Me-Anything) session with Co-Founder of Sommelier,Zaki Manian in the [Twitter Space](https://twitter.com/i/spaces/1vOxwMOBLwLGB "Twitter Space"). 
Official Website: https://www.sommelier.finance/  
Twitter: https://twitter.com/sommfinance 
Follow Sommelier on [Discord](https://discord.com/invite/ZcAYgSBxvY "Discord") and [Telegram](https://t.me/getsomm "Telegram")
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**Guest**
![](https://gimg2.gateimg.com/image/article/16789472902.png)
**Zaki Manian — Co-Founder of Sommelier**

## Q&A from Gate.io
### Q1: What is Sommelier?
**Zaki**: Sommelier is a protocol for decentralized asset management specializing in dynamic, automated DeFi vaults. Sommelier is built on the Cosmos SDK to maximize interoperability with other blockchains, and the platform is a reimagined gateway into interchain DeFi. With a bridge in place connecting the Cosmos-based platform to <a href="/zh/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a>, Sommelier will be able to execute strategies across multiple blockchains, opening a wide horizon of possibilities.

### Q2: What is the purpose of the SOMM token?
**Zaki**: The SOMM token is the native token of Sommelier and is staked to secure the SOMM blockchain, pay gas fees and participate in protocol governance.

### Q3: How are Sommelier vaults different from other DeFi vaults?
**Zaki**: Sommelier vaults are different because they are dynamic while other vaults are passive. By dynamic, we mean that Sommelier vaults can predict, react, optimize and evolve to DeFi markets.

### Q4: How much has the Sommelier grown?
**Zaki**: Sommelier underwent a major technology upgrade in January of this year. As a result, Sommelier has grown to over $15M in TVL.

### Q5: What's next for Sommelier?
**Zaki**: Right now we only serve <a href="/zh/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> DeFi, so the next step for us is going multi-chain to serve other EVM-compatible ecosystems.

<div class="blog-details-info">
<div>Author:** Rio Fu.**, Gate.io Community
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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