My last two LeoFinance posts have been about Osmosis, and I hope you were paying attention. It is good, seriously good. Two days ago, in that post I put a screenshot that had the price of OSMO in it. Here it is incase you missed it.
So, just 48 hours later, here is the price now.
Yup, OSMO has gone from $2.80 to $7.46 in just two days. Liquidity mining has commenced, and I included the LP positions I have in the screenshot so you can see some of the APR's on offer. Note, the APY figures quoted here are wrong, those are actually the APR's. Yes APR's. If you know what the difference is between APR and APY, you will see how big that is.
Osmosis team are doxed. Sunny Aggarwal has put a team together to launch Osmosis.
Fair-Launch - no presale, airdrop to ATOM holders (off exchanges) from Feb snapshot.
Layer 1 tokens on the Dex.
IBC implementation.
Staked OSMO earns big APR also, controls governance.
High inflation, but demand is pushing price drastically.
Osmosis effect is leading to a Cex liquidity crisis for the other tokens that can be used on Osmosis. Akash (AKT) has jumped 35% today, XPRT a similar amount in the last couple of days. Osmosis is quickly becoming the "liquidity black hole" for Cosmos based tokens.
A number of crypto communities all have a vested interest in the success of Osmosis. ATOM community will see it as a validation of years building the "internet of blockchains", and a great lead in to the launch of Gravity Dex. XPRT, AKT and DVPN teams and community have all thrown their support, liquidity and energy into making Osmosis a success.
With Balancer protocol as its reference point, and ambitions to be a fast moving, experimental chain, Osmosis has a great base to build on.
Getting in to Osmosis if you have not had much to do with the Cosmos eco-system is not a difficult task really.
Rewards for both staking to a validator, and providing liquidity are payed once a day. LP rewards are payed as liquid OSMO in your wallet, staking rewards require a claim transaction in your Keplr wallet.
If you add to an LP, note that you will only get the insane APR's if you bond your liquidity (Like staking the LP tokens on a BSC or ETH farm). The difference is that there is 3 different time options for bonding. 1 day, 7 days or 14 days. These are actually the unbonding periods, so once you bond (stake) your LP tokens they are locked in until you send an unbond TX. Then you can get them back after the unbond time period has passed. Worth considering, and wrapping your head around this process before you ape in.
None of this is financial advice, DYOR. But consider Osmosis instead of looking for the next BSC/Matic/whatever yield farm rug pull to ape into. Why not consider a game changing, unique and explosive alternative in a rapidly transforming and growing section of crypto.
So far, on Leofinance I know of 
For more Osmosis content, check the following links out:
Thanks for reading,
JK.
