What is Osmosis? Osmosis is a cross-chain DeFi hub within the IBC ecosystem, facilitating approximately 200 million USD in monthly trading volume and boasting a Total Value Locked (TVL) of about 120M USD.
As the liquidity center and primary trading venue of Cosmos – the open, emergent ecosystem of sovereign Layer 1s connected with the Inter-Blockchain Communication protocol (IBC) – it is the access point for the wide world of appchains, the gateway to the interchain.
Osmosis is continuing to expand its moat as the only full-service, cross-chain exchange and DeFi hub, one that rivals the smooth user experience of a CEX without compromising on the benefits of decentralized finance – self-custody, trust-minimized transactions, direct on-chain access, and privacy.
XPLA intends to provide liquidity to Osmosis to create an environment with improved accessibility that allows users from the IBC ecosystem to participate in XPLA's ecosystem as if it were their own. By connecting to the IBC ecosystem, XPLA's ecosystem can expand to various other ecosystems. This presents an opportunity for XPLA to reach a broader audience and attract new users/consumers to its games and entertainment content.
Proposal: XPLA proposes to use 70,000 XPLA tokens from the Community Pool to provide liquidity on Osmosis DEX.
By voting "Yes," you agree to allocate 70,000 XPLA tokens from the Community Pool as liquidity on Osmosis DEX. By voting "No," you disagree with allocating 70,000 XPLA tokens from the Community Pool as liquidity on Osmosis DEX."