Cosmos-based Osmosis launches concentrated liquidity, lets LPs choose price By Cointelegraph
[ad_1]
© Reuters.
The Cosmos-based decentralized exchange Osmosis (OSMO) has launched a new “concentrated liquidity” feature, according to a July 12 announcement from the app’s developer, Osmosis Labs. The new feature allows liquidity providers (LPs) to choose a minimum and maximum price to offer to buy or sell crypto.
The Cosmos ecosystem is a web of blockchain networks that use the Cosmos software development kit and are connected through the Inter-Blockchain Communication (IBC) protocol. Osmosis is one of the largest decentralized exchanges (DEXs) in the ecosystem, doing approximately $120 million in volume each day, according to data from DefiLlama.
Continue Reading on Coin Telegraph
[ad_2]
Source link
© Reuters.
The Cosmos-based decentralized exchange Osmosis (OSMO) has launched a new “concentrated liquidity” feature, according to a July 12 announcement from the app’s developer, Osmosis Labs. The new feature allows liquidity providers (LPs) to choose a minimum and maximum price to offer to buy or sell crypto.
The Cosmos ecosystem is a web of blockchain networks that use the Cosmos software development kit and are connected through the Inter-Blockchain Communication (IBC) protocol. Osmosis is one of the largest decentralized exchanges (DEXs) in the ecosystem, doing approximately $120 million in volume each day, according to data from DefiLlama.
Continue Reading on Coin Telegraph