Cosmos-based DEX Osmosis raises $21M from a consortium of investors By Cointelegraph

Cosmos-based DEX Osmosis raises $21M from a consortium of investors

CryptocurrencyOct 27, 2021 05:20PM ET

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Cosmos-based DEX Osmosis raises $21M from a consortium of investors

Osmosis, a decentralized exchange, or DEX, on the Cosmos blockchain, raised $21 million dollars in a token sale led by VC fund Paradigm along with a consortium of investors that includes Robot Ventures, Nascent, Ethereal and Figment.

Osmosis allows developers to build customized automated market makers, or AMMs, with sovereign liquidity pools. The DEX uses a native token called OSMO for governance and staking, and currently contains a total of $544 Million.

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