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Sommelier DeFi strategy vaults now live on Arbitrum

Retail investors, priced out of Ethereum mainnet by high gas fees and shifting their attention to layer-2 rollups, now have a 1-click yield vault option on Arbitrum, courtesy Sommelier Finance.

The first foray into Arbitrum One will be Sommelier’s Real Yield ETH vault, which generates yield by providing liquidity and taking leveraged positions on staked ether (ETH).

The DeFi protocol, built as a Cosmos app-chain, was technically already multichain, given that its initial vaults — called “cellars” — are on Ethereum mainnet, while managed via the native app-chain. Since launching in April 2023, Sommelier has attracted around $60 million in deposits across a growing list of vault…

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