A decentralized exchange on the Cosmos blockchain.
Osmosis is a decentralized cryptocurrency exchange operating on the Cosmos network. The exchange is an automatic market maker (AMM) where users can swap tokens, as well as participate and create liquidity pools. Working in the Cosmos system allows Osmosis to conduct instant transactions with minimal fees. This is a publication from community cryptodefix.com. The exchange opened in June 2021.
To use the functions of the exchange the user must connect the wallet Keplr, it works as a browser extension. There are 42 coins and 90 pairs available for interaction. The exchange has an internal token OSMO. It is used to pay fees, its holders can participate in the governance of the exchange through voting. OSMO can be staked, used in pairs to exchange. Fees on the exchange are 0.3%.
When swapping tokens, the user needs to choose a pair of cryptocurrencies with which the transaction will be made. Only Cosmos network tokens and several stablecoins are presented on the exchange. After selecting the pair, you can set the slippage percentage and make the transaction. When creating or participating in liquidity pools, the user must deposit an equal number of tokens. The fee of 100 OSMO must be paid to create the pool.
- Swap tokens
- Participation and creation of liquidity pools
- High speed of transactions
- Low fees up to 0.3%
- Working on Cosmos
- OSMO staking
- Participation in voting
Decentralized exchanges (DEX)
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