My last two LeoFinance posts have been about Osmosis, and I hope you were paying attention. It is good, seriously good. Two days ago, in that post I put a screenshot that had the price of OSMO in it. Here it is incase you missed it.

So, just 48 hours later, here is the price now.

Yup, OSMO has gone from $2.80 to $7.46 in just two days. Liquidity mining has commenced, and I included the LP positions I have in the screenshot so you can see some of the APR's on offer. Note, the APY figures quoted here are wrong, those are actually the APR's. Yes APR's. If you know what the difference is between APR and APY, you will see how big that is.

Not another copy-pasta rug-pull goose-clone shitcoin.

Osmosis team are doxed. Sunny Aggarwal has put a team together to launch Osmosis.
Fair-Launch - no presale, airdrop to ATOM holders (off exchanges) from Feb snapshot.
Layer 1 tokens on the Dex.
IBC implementation.
Staked OSMO earns big APR also, controls governance.
High inflation, but demand is pushing price drastically.
Osmosis effect is leading to a Cex liquidity crisis for the other tokens that can be used on Osmosis. Akash (AKT) has jumped 35% today, XPRT a similar amount in the last couple of days. Osmosis is quickly becoming the "liquidity black hole" for Cosmos based tokens.
A number of crypto communities all have a vested interest in the success of Osmosis. ATOM community will see it as a validation of years building the "internet of blockchains", and a great lead in to the launch of Gravity Dex. XPRT, AKT and DVPN teams and community have all thrown their support, liquidity and energy into making Osmosis a success.
With Balancer protocol as its reference point, and ambitions to be a fast moving, experimental chain, Osmosis has a great base to build on.

Getting in to Osmosis if you have not had much to do with the Cosmos eco-system is not a difficult task really.

Download Keplr wallet, create an account and safely store your mnemonic phrase.
Get some ATOM from your friendly Cex.
Withdraw to your Keplr wallet's ATOM address.
Go to Osmosis
Connect your wallet.
Go to Assets.
"Deposit" your ATOM. (Technically you are transferring your ATOM tokens from the Cosmos chain onto the Osmosis chain using IBC) You can do this without having any OSMO to begin with, simply select the low fee option. It is currently set to 0gas for now, to make it easy for people to get started.
Check that your ATOM's arrive safely. (this can take a little while, 5-10 minutes maybe - also there has been some glitches with IBC and some peoples "deposits" get reversed back to the original wallet after a few hours).
Swap some to OSMO (again, use the low gas fee option).
Explore.

Rewards for both staking to a validator, and providing liquidity are payed once a day. LP rewards are payed as liquid OSMO in your wallet, staking rewards require a claim transaction in your Keplr wallet.

If you add to an LP, note that you will only get the insane APR's if you bond your liquidity (Like staking the LP tokens on a BSC or ETH farm). The difference is that there is 3 different time options for bonding. 1 day, 7 days or 14 days. These are actually the unbonding periods, so once you bond (stake) your LP tokens they are locked in until you send an unbond TX. Then you can get them back after the unbond time period has passed. Worth considering, and wrapping your head around this process before you ape in.

None of this is financial advice, DYOR. But consider Osmosis instead of looking for the next BSC/Matic/whatever yield farm rug pull to ape into. Why not consider a game changing, unique and explosive alternative in a rapidly transforming and growing section of crypto.

So far, on Leofinance I know of @roleerob, @nulledgh0st, @michaelb and I are in, if you are also playing in Osmosis, please drop a comment on this post so I can add you to future tag list, if you wish.

For more Osmosis content, check the following links out:

Thanks for reading,

JK.

Well, that escalated quickly...

Not another copy-pasta rug-pull goose-clone shitcoin.