About Osmosis (OSMO)
Osmosis (OSMO) is a DEX and cross-chain DeFi hub within the Cosmos ecosystem, a network of over 50 sovereign, interoperable blockchains seamlessly connected through the Inter-Blockchain Communication Protocol (IBC).
As per their website, Osmosis offers a dynamic trading and liquidity provision experience integrating non-IBC assets from other ecosystems, including Ethereum, Solana, Avalanche, and Polkadot. Initially adopting Balancer-style pools, Osmosis now also features a concentrated liquidity model that is more capital efficient, meaning that significantly less liquidity is required to handle the same amount of trading volume with minimal slippage.
OSMO, Osmosis's native cryptocurrency, is a token based on the Proof-of-Stake (PoS) consensus and native to the Cosmos SDK. OSMO can be staked on the home network to earn yield for securing the network and taker fees generated from the protocol volume. Users can also utilize OSMO to provide liquidity within the DEX’s liquidity pools.
Osmosis is known by its token ticker $OSMO. The current price of OSMO is updated and available in real-time on Binance.