The ShapeShift DAO is excited to announce its participation in the Osmosis protocol as an Osmosis Validator.
Having participated in the Cosmos ecosystem since 2017, it was no coincidence ShapeShift was naturally drawn to participate with their Osmosis Validator. Since ShapeShift decentralized into a DAO, validating continues to be one of the most essential parts of the ShapeShift Tokenomics Workstream.
As a decentralized exchange (DEX), Osmosis nurtures a heterogeneous and interoperable cross-chain trading experience. Simply put, Osmosis is currently the most dominant procedure on Cosmos, accounting for roughly 40% of the total inter-blockchain transfers and has significant potential to grow even larger.
The continued diversification of the Shapeshift DAO’s treasury and general income streams make the ground on which the DAO operates more stable, which gives more room for continued growth and expansion.
Learn more about Osmosis and the validator in this Medium.