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Osmosis is an interchain liquidity lab that provides a decentralized exchange platform for swapping, exchanging, and building on the Cosmos network. It offers tools for building dApps on the network, analyzing liquidity, and governance participation. It is powered by the Cosmosis network. It promotes community growth through various social media platforms. The automated market maker allows the trading of digital assets in a permissionless and automatic manner. It is focused on improving AMM use by offering tools within the Cosmos ecosystem. Cosmos is the platform for interconnected apps and services developed for a decentralized future. AMM has become an important part of the DeFi ecosystem. Every new ecosystem has an exchange with liquidity pools to support basic token swaps and the creation of final financial products. Osmosis is the AMM protocol created using the cosmos SDK. The project was announced in October 2020 and launched on June 19th, 2021. Sunny Agarwal, Josh Lee, and Dev Ojha are the main developers. The protocol enables the user to recapitulate on new customized designs by using the existing liquidity pools and modules already running on the network. It also features the on-chain governance that allows each AMM pool’s stakeholders to control and direct their pools. It is the first AMM on Cosmos, it offered the ability to trade and earn rewards through liquidity provision. It helps to analyze charts and data on assets and liquidity. The holder of the token gets a chance to explore the proposals and discuss upcoming experiments. The platform also helps to build interchain native apps and smart contracts. How is Osmosis Unique? The liquidity pools create the pool and allow users to join whereas Osmosis allows users to create their liquidity pools with unique parameters. When a bunch of coins are locked in a smart contract, then it…

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Filed under: News - @ December 3, 2023 10:18 pm