Sommelier Announcement 09/29/2021: Mainnet Launch & Gravity Bridge Means Time for Governance!

:clinking_glasses: SOMMELIER COMMUNITY :clinking_glasses:
We are excited to announce the launch of Sommelier Network mainnet and Gravity Bridge on Mainnet! Gravity is a bi-directional Ethereum bridge that is managed by a global network of validators, which will allow Liquidity Providers to execute automated financial transactions, such as portfolio rebalancing, limit orders, as well as a host of other features. Read more below :small_red_triangle_down:

:wine_glass: THE SOMMELIER PROTOCOL :wine_glass:
Sommelier protocol team now prepares launch of the Sommelier Cellar modules that will power liquidity management on Ethereum and any other EVM compliant chain. Sommelier mainnet continues to run smoothly. Congratulations to the Sommelier team.

:grapes: WHAT PAIRS ARE YOU BULLISH ON? :grapes:
PAIRINGS for Uniswap v3 is at https://app.sommelier.finance. Sommelier now has improved slippage tolerance of 5% implemented for low liquidity pools. If you see reverted transactions, it may be due to very low liquidity.

REMEMBER: Sommelier is in alpha. Sommelier’s smart contracts are unaudited. Sommelier is non-custodial and has no warranties. We also do not endorse any pools that we share on our channels. Pools may be compromised and things on Sommelier break all the time and you may lose your money. We are not giving you investment advice with this update and Sommelier does not control your funds. Again, all our software is alpha and undergoing daily updates and things can break all the time!

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