- Sommelier, a San Francisco, CA-based decentralized finance blockchain protocol and Ethereum bridge that acts as a co-processor to the Ethereum world computer, raised $3.5M in seed funding
- The round led by Standard Crypto with participation from Multicoin Capital, Alameda Ventures, Proper Cygni and Power Planet Holdings
- The company also intends to use the funds for the development of its multichain protocol and its flagship decentralized finance applications, which expected to launch in Q1 2021
- A lead developer on the Cosmos protocol and Tendermint, and a team of Ethereum and Cosmos developers Sommelier is a coprocessor for DeFi traders and Liquidity Providers (LPs)
- Liquidity Providers will also able to use the Sommelier to author and execute complex, and automated financial transactions
- Sommelier currently in testnet and actively seeking new contributors
