Osmosis ($OSMO ) is the native token of **Osmosis**, an automated market (AMM) protocol built on **Cosmos SDK** technology that uses the Inter-Chain Communication (IBC) protocol to handle cross-chain transfers. The platform was launched in 2021 by **Sunny Agarwal** and **Dev Ojha** with the goal of creating a full-fledged DeFi (#DeFi ) platform that allows assets to be traded and liquidity to be provided across multiple networks.
Features of $OSMO coin
1. Governance: OSMO is used as a governance token, where holders can vote on network upgrades, set fees, and distribute rewards.
2. Stacking and Liquidity Provision: OSMO holders can stake the coin or provide liquidity in liquidity pools to earn rewards.
3. Cross-chain scalability: Thanks to the IBC protocol, Osmosis allows assets to be traded across multiple networks, making it a multi-chain platform.
Recent developments:
One of the reasons for the recent surge in OSMOâs value is the launch of the Polaris feature that allows trading between different networks, which made the platform more attractive to users and increased demand for the coin.
Future trends
OSMOâs value is expected to continue to grow as the platform expands and becomes more widely adopted in the DeFi space. Continued innovations, increased liquidity, and users will further strengthen the coinâs position in the market.
In short, Osmosis aims to be a fully integrated decentralized platform for trading and liquidity between networks, making the #osmo coin
It plays an important role in the development of the decentralized finance sector.
