OSMOUSD
OSMO / United States dollar
crypto Coinbase

Osmosis is Layer-1, Proof-of-Stake (PoS) blockchain built using the Cosmos SDK that has optimized its design to be a sandbox for automated market makers (AMMs). The chain enables developers to design and deploy customized AMMs by using its various modules and leveraging Osmosis' on-chain governance system. Osmosis' native token, OSMO, grants holders the right to vote on proposed network changes and earn rewards for helping secure the network. Its first application, also called Osmosis, is an AMM that features ATOM and OSMO as its initial base trading pairs. Cosmos IBC The aim of Cosmos is to construct blockchain bridges that will allow previously isolated chains to connect and communicate. The IBC (Inter-Blockchain Communication) protocol is what's used to create these bridges. IBC is a Cosmos SDK module that chains can integrate and use to bridge to other IBC-enabled chains. Osmosis adopted and implemented an IBC module at launch, establishing connections with various Cosmos chains in the process, including the Cosmos Hub, Akash, and Iris Network. Users of these chains can send their tokens to Osmosis through IBC channels and provide liquidity to their token's respective pools. The Osmosis team also simplified the IBC transfer process by abstracting the channel creation setup process. AMM Customizability Osmosis modules allow developers to customize their exchanges and price curves based on various parameters, including swap costs, token weights, and TWAP computation. The network serves as a sandbox for AMMs, where developers can experiment with new time dependencies, volatility indexes, and off-chain oracles as inputs for their product. Project teams can also use these modules to create additional DeFi asset types or protocols like options and dynamic fee markets. The network allows new developers to leverage existing IBC connections, order flow, and liquidity. Therefore, teams don't have to create and bootstrap liquidity for a new AMM from scratch, eliminating the need to spin up a new AMM for each contract or module upgrade.