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Osmosis is the premier 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 cosmos SDK.
Different from other AMM
A liquidity pool is a pool of digital tokens that allows trading on Decentralized exchange. Osmosis has the option of customizable liquidity pools that allow the market participants to self-identify opportunities and allow them to react by adjusting various parameters.
Superfluid staking- Osmosis is the first platform to offer enhanced staking rewards. It is a decentralized Proof-of-stake blockchain that allows liquidity providers to participate in liquidity pools simultaneously and also stake their LP tokens to validators on the blockchain. They receive two types of rewards transaction fees from the liquidity pool and staking reward.
OSMO token-
The OSMO token is a governance token that allows staked token holders to decide the future of the protocol, including every implementation detail. OSMO is currently used for the following
The pools eligible for liquidity rewards are selected by OSMO governance participants, allowing the stakeholders to formulate an incentivization strategy that best aligns with the long-term interests of the protocol.
OSMOUSD prices jumped more than 100% in the past week due to a spike of over $241 million in trading volume. It hit a high of $1.57 and is currently trading around $1.4256. The pair is holding above the short-term (21 and 55-day EMA) and above the long-term moving average (200-day EMA).
The near-term resistance is around $1.60, any indicative breach above will take the pair to $2/$2.70. On the lower side, immediate support is $1.30, and any violation below targets $1/0.80.
Indicators ( Daily chart)
CCI(50)- Bullish
Directional movement index - Bullish
It is good to buy on dips around $1.20 with SL around $0.80 for TP of $2/$2.70.
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