Osmosis

<p>Key Takeaways</p>
<ul>
 <li>Osmosis successfully completed the V14 upgrade, which included the Geometric TWAP oracle, downtime detection module, and upgrades to Cosmwasm.</li>
 <li>There were 9 different integrations during Q1 2023 for the Osmosis chain, ranging from dApps, Development tooling and Wallet integrations.</li>
 <li>Osmosis integrated 19 different assets to the Osmosis DEX, growing the list of supported assets to 120.</li>
</ul>
<p>The cryptocurrency market saw an increase in interest during the first quarter of the year. The macroeconomic environment appears to have played a significant role as investors moved into risk-on assets like cryptocurrencies to seek shelter from inflation fears.</p>
<h2 id="header-0">Chain Upgrades</h2>
<p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/17b5b45e22544263a64e34d4f8c0c1d1.png"></p>
<p>During Q1, the Osmosis chain underwent one upgrade. The Osmosis v14.0.0 — Neon Upgrade went live on Monday January 23rd, 2023 at UTC 16:00. It introduced the following features to assist smart contract developers build more easily on Osmosis:</p>
<h4>Geometric TWAP</h4>
<p>This built on the security previously provided by the addition of the TWAP implementation during the v12 Upgrade. This implementation added an additional layer of security against upwards price manipulation and increasing the cost of an attack to Osmosis.</p>
<h4>Downtime Detection Module</h4>
<p>This module added functionality for detecting if Osmosis was recovering from downtime,&nbsp;allowing for oracles to query the module and determine how long the chain has been recovering from a downtime. This was particularly useful for lending protocol Mars, which relied on Osmosis price data to determine liquidation events.</p>
<h4>Upgrade to IBC v4.2.0 and Wasm Hooks</h4>
<p>This upgrade makes it possible to for cross-chain wasm hooks to be reusable, setting&nbsp;the groundwork for the upcoming launch of Osmosis Outposts which will enable&nbsp;cross chain swaps to occur within external chains leveraging Osmosis's liquidity.</p>
<p>A full breakdown of the upgrade can be found within Osmosis Labs <a href="https://github.com/osmosis-labs/osmosis/blob/main/CHANGELOG.md" rel="noopener noreferrer nofollow">github page</a>.</p>
<h2 id="header-1">Ecosystem Integrations</h2>
<p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/4cfcbafc58144890a41775585521d3c4.png"></p>
<p>Q1 was an exciting quarter for the Osmosis Ecosystem, integrating 9 different ecosystems, ranging from data analytics dashboards, applications and tooling, all of which added increased functionality</p>
<h4>Mars Protocol</h4>
<p>Mars deployed as a sovereign blockchain, deploying its <a href="https://osmosis.zone/blog/osmosis-to-host-first-ever-mars-protocol-red-bank-outpost" rel="noopener noreferrer nofollow">first outposts</a> on Osmosis. Bringing borrowing and lending to the deepest-liquidity, highest-volume DEX on Cosmos.</p>
<h4>Apollo DAO</h4>
<p>Complementary to Mars Protocol, the <a href="https://twitter.com/mars_protocol/status/1628797528819867652/" rel="noopener noreferrer nofollow">relaunch</a> of Apollo DAO’s leveraged yield farming solutions paved the way for auto compounding strategies utilizing Osmosis’s liquidity pools.</p>
<h4>Babylon Chain</h4>
<p>Osmosis governance voted to enable Bitcoin security on the Osmosis chain, the <a href="https://www.mintscan.io/osmosis/proposals/437" rel="noopener noreferrer nofollow">first proposal</a> which signaled phase 1 of 3 to fully leverage the security&nbsp;of the Bitcoin network and enjoy benefits such as fast stake unbonding and extra security for high-valued transactions.</p>
<h4>Celatone Explorer</h4>
<p>Built by Alles Labs,&nbsp; <a href="https://celatone.osmosis.zone/" rel="noopener noreferrer nofollow">Celatone</a> allows both developers and regular users to find, view, query, and execute CosmWasm code on-chain using a user-friendly graphical interface. Initially launching on both the Osmosis Testnet and Mainnet, users can now find, view, query, and execute CosmWasm code on-chain.</p>
<h4>Squid Router</h4>
<p>Squid enables native cross chain liquidity transfers by leveraging Axelar’s General Message Passing. As such, liquidity can now flow from within <a href="https://app.squidrouter.com/osmosis" rel="noopener noreferrer nofollow">8 different blockchains </a>natively into Osmosis.</p>
<h4>CryptoTaxCalculator</h4>
<p>The integration of <a href="https://twitter.com/CryptoTaxHQ" rel="noopener noreferrer nofollow">Crypto Tax</a> into the Osmosis Ecosystem brings some relief for those who have to face the cumbersome task of doing taxes and reporting crypto transactions.</p>
<p>The tax calculator properly accounts for on chain transactions such as, swaps, liquidity deposits/withdrawals, and any staking related transactions.</p>
<h4>Atomic Wallet</h4>
<p>Adding yet another way to maintain self custody of your assets, Atomic Wallet&nbsp; <a href="https://twitter.com/AtomicWallet/status/1617896234869747714" rel="noopener noreferrer nofollow">integrated</a> OSMO to their wallet interface and enabled OSMO staking.</p>
<h4>Quasar Finance</h4>
<p>Quasar recently launched their DeFi vaults as a sovereign chain. Their initial offering (OSMO PRO) enables users to enter Osmosis liquidity pools via different strategies while enjoying the power of auto compounding strategies and increased capital efficiencies.&nbsp; Quasar is the second application to launch as part of the <a href="https://osmosis.zone/blog/quasar-spotlight" rel="noopener noreferrer nofollow">Osmosis DeFi Ecosystem</a>.</p>
<h2 id="header-2">Token Integrations</h2>
<p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/4c4d26591de54a219ce09a3bdb733fe4.png"></p>
<p>Osmosis integrated over 19 different assets across 4 different blockchain ecosystems further expanding its liquidity across the Interchain.</p>
<ul>
 <li>NOM (Onomy)</li>
 <li>stkATOM</li>
 <li>DYS</li>
 <li>HOPERS</li>
 <li>wAVAX.axl</li>
 <li>arUSD</li>
 <li>PLQ</li>
 <li>wFTM.axl</li>
 <li>CANTO</li>
 <li>qSTARS</li>
 <li>WYND</li>
 <li>polygonUSDC.axl</li>
 <li>avalancheUSDC.axl</li>
 <li>MARS</li>
 <li>CNTO</li>
 <li>stLUNA</li>
 <li>stEVMOS</li>
 <li>NRIDE</li>
 <li>EBL</li>
</ul>
<h2 id="header-3">Key Governance Proposals</h2>
<p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/cf25629ca2e54ff19a966b464206e6d3.png"></p>
<p>Osmosis Governance is one of the most active communities within the Cosmos Ecosystem. As the liquidity hub, the vast majority of changes, upgrades and implementations are approved by governance after a thorough review.</p>
<p>Here are the key proposals implemented during Q1 2023:</p>
<ul>
 <li><a href="https://www.mintscan.io/osmosis/proposals/398" rel="noopener noreferrer nofollow">Proposal #398</a> Enable Superfluid Staking to OSMO/ WMATIC.</li>
 <li><a href="https://www.mintscan.io/osmosis/proposals/400" rel="noopener noreferrer nofollow">Proposal #400</a> Phase out 1 and 7 day liquidity bonding times.</li>
 <li><a href="https://www.mintscan.io/osmosis/proposals/409" rel="noopener noreferrer nofollow">Proposal #409</a> Added AVAX as a Major Asset.</li>
 <li><a href="https://www.mintscan.io/osmosis/proposals/414" rel="noopener noreferrer nofollow">Proposal #414</a> Allowed Mars Outpost contracts to be uploaded to Osmosis.</li>
 <li><a href="https://www.mintscan.io/osmosis/proposals/415" rel="noopener noreferrer nofollow">Proposal #415</a> Enabled bootstrapping of liquidity incentives for Mars Launch.</li>
 <li><a href="https://www.mintscan.io/osmosis/proposals/417" rel="noopener noreferrer nofollow">Proposal #417</a> Allowed Apollo DAO LP Vaults to be uploaded.</li>
 <li><a href="https://www.mintscan.io/osmosis/proposals/434" rel="noopener noreferrer nofollow">Proposal #434</a> Added FTM as a Major Asset.</li>
 <li><a href="https://www.mintscan.io/osmosis/proposals/436" rel="noopener noreferrer nofollow">Proposal #436</a> Whitelisted Apollo DAO Vaults for USDC and ATOM.</li>
 <li><a href="https://www.mintscan.io/osmosis/proposals/437" rel="noopener noreferrer nofollow">Proposal #437</a> Signaled phase 1 of 3 for integrating Bitcoin Security via Babylon chain.</li>
 <li><a href="https://www.mintscan.io/osmosis/proposals/444" rel="noopener noreferrer nofollow">Proposal #444</a> Aimed at creating the Composable Incentives category.</li>
 <li><a href="https://www.mintscan.io/osmosis/proposals/451" rel="noopener noreferrer nofollow">Proposal #451</a> Whitelisted Apollo DAO’s Vaults for stATOM/ATOM.</li>
 <li><a href="https://www.mintscan.io/osmosis/proposals/454" rel="noopener noreferrer nofollow">Proposal #454</a> Uploaded the cross-chain contract to enable Osmosis Outposts.</li>
</ul>
<p>Osmosis is the liquidity hub of Cosmos. Q1 demonstrated its ability to grow its ecosystem by integrating a wide range of products into its product suite, from sovereign app chains launching complementary products to the Osmosis DEX and wallets. Osmosis offers the largest selection of tokens within the Cosmos ecosystem with the deepest liquidity.</p>
<p>Q2 should be even more exciting with the launch of concentrated liquidity, the first Osmosis Outposts coming online, a myriad of protocols going live further adding to the Osmosis ecosystem experience, and the Osmocon convention this July, which should be packed with additional reveals. Stay tuned!</p>

Osmosis Quarterly Report: Q1 2023

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Osmosis

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