Osmosis price

OSMO

#196

Osmosis was founded by Sunny Aggarwal, Dev Ojha, and Josh Lee. All three were formerly employees at Tendermint, where they contributed to the development and launch of the Cosmos SDK, IBC, and Cosmos, one of the first in-production Proof-of-Stake blockchain networks. They then decided to build on top of the foundation they had developed at Tendermint and co-founded Osmosis to develop a DeFi product that rivals even the most robust centralized exchanges.

One of the primary investors in Osmosis is Paradigm, a digital asset investment firm with stakes in numerous other blockchains and protocols, such as Uniswap, Maker, and Coinbase. Other investors include Bain Capital, Electric Capital, and Solana co-founder Anatoly Yakovenko.

Launched shortly after IBC in 2021, Osmosis quickly became the first IBC-enabled application to achieve product-market fit, becoming the DeFi and liquidity center of the interchain ecosystem. As an appchain dedicated to DeFi, Osmosis is uniquely positioned as the first fully multichain decentralized exchange.

Beyond its native DEX, Osmosis hosts a growing ecosystem of DeFi protocols and third-party integrations, providing comprehensive offerings ranging from managed yield vaults to perpetual derivatives markets, and more.

The Osmosis chain is specialized as an efficient platform for decentralized finance. It is built for quick transaction finality and automatically balances liquidity within the chain and between different chains through blockspace auctions. Liquidity providers on Osmosis can take advantage of optimized concentrated liquidity positions, fully on-chain order books, and access various custom pool types and automated strategies. As new types of pools are developed, they can easily interact with existing liquidity as they are integrated within the pool framework built into the chain.

Osmosis has been designed with users in mind, incorporating features such as the ability to pay gas fees in 140+ different tokens, smart accounts that enable one-click interactions with the blockchain, and asset standardization through Alloyed Assets. These features ensure a more intuitive and seamless experience for all users.

Osmosis is not just a decentralized exchange; it is focused on being the hub of an increasingly multichain economy. It brings experience from the Cosmos ecosystem to the table, aiming to play a significant role in the development and growth of the multichain economy.

OSMO is the protocol's governance token with a total supply of 1 billion. At genesis, 100 million OSMO was released, split evenly between airdrop recipients and a strategic reserve. Tokens are being released at the end of each daily epoch and initially followed a "thirdening" schedule, meaning token issuance is cut by a third each year.

Osmosis Tokenomics continue to evolve through the blockchain governance process, with this thirdening schedule being accelerated in 2023, resulting in a drop in yearly issuance.