![]() ![]() Tokens can be staked, or locked into a protocol in exchange for the chance to produce a block, which in turn you receive a reward. Protocol Staking is a way to earn rewards by securing tokens on a Proof of Stake network. If you have substantial assets on an exchange, we strongly suggest self custody your assets on a ledger hardware wallet. There are many examples of this happening in the past. If the exchange is compromised, your assets can be irrecoverably lost. Keep in mind, If your assets are on an exchange, the exchange controls your assets and gives you permission to move those assets off of the exchange. Ledger has a blog post here on the best way to store your private keys. It is very important to keep this private key written down, and stored safely offline. Self custody means that the owner(s) of digital assets control the private key that enables the transfer of their digital assets. Learn more about Osmosis in our recent “State of Osmosis” article here.Īs a user, it is important to use a Ledger hardware wallet to self custody your assets. In effect, Osmosis users have full control of their destinies in the Cosmos ecosystem. ![]() On-chain governance also ensures that there is minimal disconnect between users and the direction of the network. This range of utility allows Osmosis to provide liquidity services, exchange functionality, and a host of other services for holders of any of the 53 tokens currently supported on the main interface (though many more are available on the Osmosis Frontier). Osmosis provides this through native IBC functionality, and through this users have access to any Cosmos SDK network that has also adopted IBC. Projects found in the Osmosis Zone receive the benefit of high liquidity and provide a diverse range of reward-generating strategies for a wide range of tokens through a single service. Osmosis is an Automated Market Maker (“AMM”) hub built on the Cosmos SDK and its utility is mainly based on semi-sovereign liquidity pools. ![]()
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