Cosmos-Based DeFi Project Rises Amidst Coinbase Listing

Coinbase just added a Cosmos-based decentralized DeFi project to its listing roadmap. This gave the project a massive boost. Check out more reports about this.

It’s been just revealed the fact that the US crypto exchange Coinbase has added a Cosmos (ATOM)-based decentralized finance (DeFi) project to its listing roadmap. This gave the altcoin a price boost amid the ongoing market doldrums.

According to the latest reports, Coinbase customers could soon trade Osmosis (OSMO), an automated market maker (AMM) protocol built on the Cosmos software development kit (SDK) that aims to enable cross-chain transactions by utilizing inter-blockchain communication (IBC).

The project’s website explained the following:

“Osmosis allows users to launch liquidity pools with unique parameters, like bonding curves and multi-weighted asset pools. The incentive structure of Osmosis is also adaptable. Governance implements liquidity reward (LP) rewards for specific pools, allowing for strategically targeted incentives.”

The same notes revealed this:

“Osmosis is a fair-launched, customizable automated market maker for interchain assets that allows the creation and management of non-custodial, self-balancing, interchain token index similar to one of Balancer.”

British multinational bank Standard Chartered is expressing bullish sentiment on Bitcoin (BTC), arguing that the crypto bear market has ended.

According to multiple reports, Standard Chartered analyst Geoff Kendrick said in a research note that has been just issued earlier this week that Bitcoin is destined to appreciate by over 250% from current levels to hit a new all-time high of $100,000.

Kendrick made sure to state the fact that Bitcoin could hit a new all-time high in under two years.

“We see potential for Bitcoin (BTC) to reach the USD 100,000 level by end-2024, as we believe the much-touted ‘crypto winter’ is finally over.”

Stay tuned for more news and make sure to check out the latest reports from the crypto space.