Osmosis Closes $21M Token Sale Led by Paradigm

Osmosis Closes M Token Sale Led by Paradigm
The Osmosis Foundation has closed a $21 million token sale from its treasury to help expand the Osmosis automated market maker (AMM) protocol. Paradigm led the foundation’s first fundraise with participation from Robot Ventures, Nascent, Ethereal, Figment and Do Kwon.AMM is a decentralized exchange (DEX) protocol that relies on a mathematical formula or algorithms to price assets in liquidity pools. Osmosis users can compound yield through a technology called Superfluid Staking.Token holders typically have to choose between staking yield to help provide protocol security, or liquidity yield. Superfluid Staking allows OSMO holders to use their tokens for staking and liquidity…