Osmosis is a cross-chain DeFi hub that provides users with self-custody, trust-minimized transactions, direct on-chain access, and privacy, as well as the biggest DEX on Cosmos blockchain. The protocol was founded by Sunny Aggarwal and Josh Lee in 2021, and is now enjoying a TVL of $173.5M.
First and foremost, Osmosis is an AMM, which means that it allows users to trade via liquidity pools in a decentralized manner without the interference or control of a centralized entity or order book. More than that, Osmosis allows for greater customizability of liquidity pools, enabling market participants to adjust parameters based on market conditions. Additionally, Osmosis features self-governing liquidity pools, where stakeholders can participate in strategic decision-making. Finally, Osmosis introduces the concept of "AMM as a serviced infrastructure," allowing for efficient and accessible automated market makers for a variety of decentralized financial instruments.
OSMO is the native governance token of the Osmosis protocol. It has a total supply of 1,000,000,000 and a circulating supply of 492,590,761.
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