osmosis

According to official news, Osmosis has released a significant governance proposal for the Cosmos ecosystem, aiming to directly integrate Osmosis into the Cosmos Hub, while the Osmosis DEX will natively migrate to the Hub, thereby unifying liquidity, governance, and security on a single chain.All circulating OSMO, except for the OSMO that is not deployed in the Osmosis community pool, will be eligible for conversion to ATOM within a specified six-month window. The proposed conversion rate is 0.0355 ATOM for 1.998 OSMO.The Cosmos Hub community pool currently holds approximately 10.11 million ATOM, and there are still about 1.75 million ATOM open, accounting for approximately 0.35% of the total supply, equivalent to less than two weeks of staking emissions. This proposal will not introduce any ongoing emissions or structural inflation changes. The conversion window will remain open for six months. At the end, any unclaimed ATOM will be returned to the Cosmos Hub community pool.

ChainCatcher news, Cosmos ecosystem DEX Osmosis announced on X that Osmosis now supports the euro stablecoin EURe on Cosmos as GAS fees.ChainCatcher previously reported, according to The Block, that fintech company Monerium launched EURe on the Noble blockchain, marking it as the first euro-backed stablecoin to be launched in the Cosmos ecosystem.It is reported that Noble is a network specifically designed for issuing and transferring stablecoins and other real-world assets on sovereign blockchains.

ChainCatcher news, the Cosmos ecosystem DEX Osmosis announced on platform X that the Osmosis chain has resumed block production after being down for about 2 hours, and node operators should perform the v26.0.1 patch upgrade.ChainCatcher previously reported that DEX Osmosis stated on X that there was a chain interruption after the v26 upgrade. Core contributors are investigating the root cause. The chain will resume operation as soon as possible and provide regular updates.

ChainCatcher message, DEX Osmosis posted on X that after the v26 upgrade, Osmosis experienced a chain interruption. Core contributors are investigating the root cause. The chain will be restored as soon as possible, and regular updates will be provided.

ChainCatcher news, according to CoinDesk, the non-custodial Bitcoin token ckBTC based on ICP will be integrated into the Cosmos ecosystem through Osmosis.Osmosis is collaborating with the Omnity Network established by ICP to provide services for bridging non-custodial BTC to Cosmos. ckBTC is a Bitcoin token that is pegged to the value of BTC at a 1:1 ratio.

ChainCatcher news, according to CoinDesk, the decentralized exchange Osmosis has announced the launch of a "token portal" named Polaris, aimed at addressing one of the biggest challenges in the DeFi space: fragmented user experience. The Polaris platform will allow users to trade tokens across multiple blockchains through a single interface, without the need for multiple wallets, bridging, and gas tokens.Osmosis co-founder Sunny Aggarwal stated that Polaris marks a strategic shift for Osmosis, which will also apply to non-Cosmos chains like Ethereum and Solana.

According to ChainCatcher, The Block reports that the Osmosis DAO will vote to adopt the "fee-free" Bitcoin bridging proposal of the decentralized bridging protocol Nomic.Currently, 91.7% of voters support the proposal, which aims to enhance Bitcoin liquidity on the platform by eliminating existing bridging fees.Nomic allows users to deposit Bitcoin directly into Osmosis to receive its Bitcoin-backed asset nBTC, with the current deposit fee being 1% and the transfer fee being 0.5%.If the proposal passes, the Bitcoin bridging fees on Osmosis will be waived, but Bitcoin miner fees may still apply.In exchange, Nomic will receive a portion of the fees from nBTC and its derivatives trading, specifically 10% of the total fees related to nBTC transactions and a proportional share of its derivatives trading fees. Osmosis users will benefit from reduced Bitcoin trading costs and will be able to directly integrate Bitcoin liquidity into the Osmosis ecosystem.

ChainCatcher news, the Cosmos ecosystem DEX Osmosis announced on platform X that the V25 upgrade has been approved by Osmosis governance and is officially live today.This upgrade includes: the introduction of a new top-of-block auction mechanism, which will become a new source of revenue for the protocol; a burn mechanism, with 1.3 million OSMO tokens to be burned shortly after the V25 upgrade; the activation of a smart account mechanism; and consensus improvements, aiming for a block time of 2.5 seconds, down from the current target of 3 seconds, among others.

ChainCatcher news, data from the crypto intelligence platform Santiment shows that Osmosis, a decentralized exchange built on Cosmos, has become the most actively developed DeFi project in the past 30 days.Santiment states that Osmosis had over 169 commits on GitHub in the past 30 days. The decentralized perpetual exchange dYdX ranks second with 145 commits, while the derivatives liquidity protocol Synthetix comes in third with 116 commits. Santiment indicates that the developer activity list is compiled by aggregating all non-redundant GitHub activities listed in each project's respective records and calculating the average of these values.

ChainCatcher news, Osmosis has proposed a new initiative to deploy the Warp Protocol on its platform. Launching Warp on Osmosis will enable the Osmosis developer community to automate smart contract functionalities in a decentralized and cost-efficient manner, thereby creating new features and applications that attract users and capital, increase on-chain transaction volume, and enhance on-chain engagement.It is reported that Warp is a decentralized automation protocol that is currently running on Terra, Neutron, and Injective, allowing developers to create new product features and user experiences through cost-efficient on-chain automation without the need for smart contract changes.Additionally, as a first integration, Warp is collaborating with the cross-chain yield hub Quasar to provide decentralized asset management for users interested in passively earning yield. This collaboration aims to automate reward management and decentralize the infrastructure of Quasar's products on Osmosis.

ChainCatcher news, according to the announcement from Huobi HTX, Huobi HTX will support the mainnet upgrade of the Osmosis (OSMO) project. Specifically, Huobi HTX will suspend the deposit and withdrawal services for OSMO tokens on February 20 at 21:00:00 (GMT+8), and will reopen the deposit and withdrawal services for OSMO tokens after the mainnet upgrade.It is reported that Osmosis (OSMO) will undergo a mainnet upgrade at a block height of 13,899,375 (expected time is February 20, 2024, at 23:08:04 (GMT+8)). During the mainnet upgrade, the related trading services for the above tokens will not be affected. This mainnet upgrade will not generate new tokens.

ChainCatcher news, according to official sources, Osmosis has now integrated with the OKX Web3 wallet, allowing users to perform Swap, Staking, deposits, provide liquidity, and more through the OKX Web3 wallet on Osmosis. Osmosis is an advanced AMM protocol built using the Cosmos SDK, enabling developers to design, build, and deploy customized AMMs.It is reported that the OKX Web3 wallet is an industry-leading one-stop Web3 entry point, now supporting over 85 public chains, with a unified experience across App, plugins, and web, covering five major areas: wallet, DEX, DeFi, NFT marketplace, and DApp exploration, and supporting Ordinals marketplace, MPC and AA smart contract wallets, gas exchange, and hardware wallet connections, among others.

ChainCatcher message: The first ad link that appears after searching "Osmosis" on Google is a phishing site that will lure users to connect their wallets and trick them into signing, thereby stealing their assets. Users are advised to stay vigilant and beware of scams.

ChainCatcher news, the Cosmos ecosystem perpetual trading platform Levana Protocol has announced the launch of the LVN token airdrop. To qualify for the airdrop, users must complete specific actions within the Levana ecosystem and register on the designated website using the same wallet address to ensure fair distribution and filter out bots. The airdrop is divided into three phases:Family airdrop, targeting early adopters, including members of the Levana NFT community and those trading Levana perpetual contracts on platforms such as Osmosis, Injective, and Sei;Community airdrop, expanding the scope to include other community members, such as traders from Stargaze, Kujira, and Astroport;Final phase: focusing on attracting new users from outside the Cosmos ecosystem. Specific details will be announced later. The Levana airdrop plans to distribute a total of 20 million tokens in three independent phases, with a significant portion of 14 million tokens specifically allocated for the first phase.The tokens will officially launch to the public on December 18, and the first phase of the airdrop is expected to begin around December 20. The entire process of the three airdrops is expected to be completed within six months.

ChainCatcher news, the Cosmos ecosystem DEX Osmosis and the lending protocol UX Chain (formerly Umee) are proposing a merger. The merger proposal includes combining UX Chain's lending logic with Osmosis's decentralized exchange, aiming to form a comprehensive DeFi hub.It is reported that if approved, the process will begin with integrating UX Chain's codebase into the Osmosis Chain, combining its functionalities and total locked value. Separate governance votes from each network community will guide the merger process, including the possibility of unifying tokens.