Osmosis to Hold Token Burn in October

2025-10-21 11:56

Osmosis plans to execute a burn of approximately 609,000 OSMO during October, as outlined in the September Taker Fee Burn proposal.

OSMO Info

Osmosis is a decentralized exchange (DEX) that operates on the Cosmos network. Osmosis utilizes Inter-Blockchain Communication (IBC) technology, which enables cross-chain asset transfers. This allows users to transfer assets between different blockchains within the Cosmos ecosystem without leaving a single platform.

One of the key features of Osmosis is its use of an Automated Market Maker (AMM) model, which allows users to provide liquidity to pools and earn fees. Users can also stake their tokens and receive rewards.

The OSMO token is a governance token that grants staked token holders the power to shape the future of the protocol. It allows them to make decisions on various aspects, such as voting on protocol upgrades, determining the allocation of liquidity mining rewards for bonded liquidity gauges, and setting the base network swap fee.

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This content is for informational purposes only and does not constitute investment advice.

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