Osmosis
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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:
- Allows swaps and provides liquidity
- Deposit, withdraw inter-chain Token
- Airdrop activities
- Stake Token on Keplr Wallet
- Ability Assets
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:
- Provide liquidity in Osmosis Pool
- Staking to get Reward
- Propose and vote on system changes.
Specifications
- Name: Osmosis
- Symbol: OSMO
- Platform: Osmosis
- Token Type: Utility
- Smart contract:
- Cosmos: uosmo
- Ethereum: 0x93A62Ccfcf1EfCB5f60317981F71ed6Fb39F4BA2
- Polygon: 0x8C7a56F2F2fD97DA0f5b4FAde180Fa8DC3fbEa8D
News
Osmosis DAO is set to adopt a ‘fee-free’ Bitcoin bridge proposal through a vote.
The proposal, which has garnered the support of 91.7% of voters, aims to enhance Bitcoin liquidity on the platform by eliminating existing bridge fees.
Osmosis (OSMO) dominates in developer activity charts
According to market intelligence platform Santiment, Osmosis (OSMO) was the top cryptocurrency by development activity in the last 30 days.
Radix (EXRD) and Uniswap (UNI) ranked second and third, respectively
Osmosis witnessed significant rise in transaction volume
OSMO, the native token of Osmosis, experienced an increase of over 100% in November, attracting the attention of many investors.
In addition, just last week, there was an increase of over $241 million in trading volume on the flagship DEX.
KRAFTON to launch Settlus Chain based on Cosmos for transparent settlement system
Osmosis founder Josh Lee announced that KRAFTON, the developer of the game ‘PlayerUnknown’s Battlegrounds’ (PUBG), plans to launch a Settlus chain based on Cosmos.
The aim is to provide a transparent settlement system for creators, with the testnet set to launch in early 2024.
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