Osmosis Research Hub | OSMO information, history and analysis
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.
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.
Cosmos DEX Osmosis cuts token inflation by 50%
The platform cut its inflation rate by 50%, signaling a transition from its early token distribution phase and a commitment to ensuring long-term sustainability of the native OSMO tokens.
The team said the inflation rate of OSMO will be about 11% after the reduction.
OSMOSIS (OSMO) launched stableswap trading platform
Cosmos-based decentralized exchange Osmosis has launched a stableswap — a protocol for trading stablecoins.
The Osmosis team expects stableswap to become a “primary hub” for stablecoins, competing with Curve, Ethereum’s major stablecoin trading platform.