Osmosis – Decentralized exchange for cosmos
Osmosis is the leading cross-chain DeFi hub. It is the largest proof-of-stake IBC blockchain with a decentralized exchange. It is an advanced automated AMM protocol built using the Cosmos SDK.
Unlike other AMM
A liquidity pool is a pool of digital tokens that enables trading on a decentralized exchange. Osmosis has the capability of customizable liquidity pools, allowing market participants to self-identify opportunities and respond to them by adjusting various parameters.
Superfluid Staking – Osmosis is the first platform to offer advanced staking rewards. It is a decentralized proof-of-stake blockchain that allows liquidity providers to simultaneously participate in liquidity pools and also stake their LP tokens to validators on the blockchain. You will receive two types of reward transaction fees from the liquidity pool and the staking reward.
OSMO token
The OSMO token is a governance token that allows stake token holders to decide the future of the protocol, including all implementation details. OSMO is currently used for the following
The pools eligible for liquidity rewards are selected by OSMO governance participants, allowing stakeholders to formulate an incentive strategy that best aligns with the long-term interests of the protocol.
OSMOUSD prices rose more than 100% last week due to a surge in trading volume of over $241 million. It reached a high of $1.57 and is currently trading at around $1.4256. The pair is holding above the short-term (21-day and 55-day EMA) and the long-term moving average (200-day EMA).
Short-term resistance lies around $1.60. Any indicative break above this will take the pair to $2/$2.70. On the downside, immediate support is at $1.30 and any breach below will target $1/0.80.
Indicators (daily chart)
CCI(50) – bullish
Directional Movement Index – Bullish
It's good to buy on dips around $1.20, with SL around $0.80 for a TP of $2/$2.70.
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