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Information about Osmosis (OSMO)
Osmosis is an automated market creation protocol (AMM DEX) that operates within the Cosmos ecosystem, built on SDK and ICB technology. The development inspiration of Osmosis was taken from Balancer and Uniswap, the project goal is to provide flexible tools to expand the use of AMM in the Cosmos ecosystem.
Currently Osmosis has many outstanding functions:
OSMO has a role in the administration of the platform, which is used to pay the transaction costs of using the app. In addition OSMO uses to:
Specifications
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