Osmosis DeFi Ecosystem Liquidity Exceeds $ 1 Billion
Osmosis decentralized platform based on Cosmos reached TVL of $ 1 billion.
On January 3, trading volume on DEX amounted to $ 95 million. 24 hours increased by 8.8%, according to CoinGecko.
Data: info.osmosis.zone.
The screenshot above shows that in addition to OSMO and ATOM, the algorithmic stablecoin UST and LUNA (the native token of the Terra ecosystem) are also very popular. & Nbsp;
The inflow of funds can also be facilitated by high rates of return on pools. APR of many of them exceeds 100%.
Data: osmosis.zone.
In addition, Osmosis offers an innovative approach to staking (“liquid staking”). Users place funds in pools with an OSMO token. However, in addition to rewards for providing liquidity, there is an opportunity to earn income from staking.
Let’s assume that the return on funds placed in the ATOM-OSMO pool, as well as on OSMO staking, is 100%. By placing $ 1000 in the pool, the user will receive a daily income of $ 2.7 (at a rate of 0.27%). In addition, he will be credited $ 1.35 per day for the $ 500 invested in OSMO staking. Thus, the total income per day will be $ 4.05.
DeFi 2.0: how decentralized protocols of the next generation are evolving
At the time of writing, the Osmosis protocol is ranked 15th by TVL in the DeFi Llama ranking.
Terra’s DeFi ecosystem surpassed Binance Smart Chain in terms of blocked funds in December.
