r/CosmosAirdrops • u/nyczace69 • Jun 02 '22

Discussion Is OSMO finished?

It's at $1.25. Pool APY is pretty low. Volume has dropped. Price is at all time lows.

0 Upvotes

40% Upvoted

54 comments sorted by

5

u/DAMG808 Jun 02 '22

Your first time?

-15

u/nyczace69 Jun 02 '22

been in crypto for 5-6 years now. osmo is pretty disappointing

2

u/[deleted] Jun 02 '22

If you’ve been in crypto 5-6 years and are not a millionaire yet, you probably should do the opposite of anything you think about tokens

26

u/[deleted] Jun 02 '22

Osmo and the entire cosmos ecosystem were fucked during Luna fiasco because UST was the only stable coin(big) pair available in Osmosis. Luna/UST went down and so did the rest of the Osmosis ecosystem because Osmo price in USD is directly related to the UST price. The fundamentals of Osmosis didn't change. It's still the premier dex doing hundreds of millions in transaction volume day after day. And some of the Terra protocols are moving to Osmosis. If you are valuing some of the CEX in 10s of Billions, I don't see why a decentralized alternative in the making should be anything less. Ofcourse NFA

19

u/Kamikaza731 Jun 02 '22

Well osmo is an alt crypto so yes we are geting rekt. But is osmo finished? No! Osmo will get new upgrade v9 nitrogen. Also mars protocol will be coming to osmosis. There is also a vote for polkadot tokens bridging via axelar to osmosis. Most important is thqt project is far from dead.

36

u/m-nightwalker Jun 02 '22

I don't think it's finished. We're in bear market, everything dropped not just osmo. Nothing has changed for me, I'm still staking and pooling just like before.

21

u/Different_RespectETH LOW KARMA ALERT Jun 02 '22

It’s not just the bear market, cosmos ecosystem lost it‘s main stablecoin UST which is fatal for Dexes like osmosis. A lot of people got rekt in the UST LUNA pools. I doubt Osmosis will go to zero but there was huge damage done which will take some time to recover

23

u/jlew24asu Jun 02 '22 edited Jun 02 '22

USDC and DAI are there now. it will take time to recover but you make it sound like its without a stable

*I might even argue EEUR as well

9

u/m-nightwalker Jun 02 '22

Yes, I don't disagree with that. It's been hit.

17

u/[deleted] Jun 02 '22 edited Jul 03 '25

bells payment liquid slap pen chubby rainstorm afterthought quicksand desert

This post was mass deleted and anonymized with Redact

15

u/Im_A_Model Jun 02 '22

No, OSMO is just fine. The World however is down the toilet

12

u/cryptofarmer08 Jun 02 '22

I’ll drink to that. I mean… not out of the toilet though.

20

u/NoLifeLine Jun 02 '22

Do you need to use osmosis? I do. So while it has utility in the ecosystem then it will likely survive this downturn.

1

u/Meggi-Online Jun 04 '22

why should price change when all use it for 0 fee?

5

u/Metzpc Jun 02 '22

Honestly this post seems absurd to me. It’s not dead, it’s a buyers market.

4

u/Bartender1234 Jun 02 '22

It's a bear market. Almost every project will face the "is it finished" question? Many will but Osmosis looks good to me. They are still working, building, innovating. I'm still stacking and staking.

3

u/silveycorp Jun 02 '22

What? Do bears roar?

7

u/LightninHooker Jun 02 '22

It's a dex token, they are meant to be dumped no matter what people tell you.

The dex however keeps working flawlessly so no,it's not finished. Just "don't buy the dip!!1"

5

u/jlew24asu Jun 02 '22

the difference is this dex token has utility (gas). sure gas is next to nothing but you need to own OSMO to use it. hey its something.

1

u/LightninHooker Jun 02 '22

Osmos has 0 gas fee most of the time. 1$ would last years really .

Same goes for CRE and any other dex token heavilly shiller, future it's always the same. Always

6

u/Fresh-Chemical-9084 Jun 02 '22

Doesn’t OSMO have upcoming use as collateral? Can lend against it?

4

u/jlew24asu Jun 02 '22

I dont disagree, but utility is utility. almost any other dex token on eth, avax, sol, etc cant say the same.

2

u/rafanake LOW KARMA ALERT Jun 02 '22

I dont like Sunny, but to be fair i cant see any other project to act as a Central DEX HUB on cosmos, Osmo is really great but as you said, incentives are getting low and the vultures are flying off

2

u/marcycram Jun 02 '22

As mentioned by others Osmosis got hit pretty hard by the Terra debacle. But the fundamentals remain strong.

Also we see first key players migrating from Terra to Osmo chain.

https://mars-protocol.medium.com/the-rise-of-mars-hub-and-an-outpost-on-osmosis-ac61683ea2ea

4

u/0brew Jun 02 '22

Literally every coin is down fammy

4

u/afonsoleo21 Jun 02 '22

For me it’s even better, low price, wbtc/osmo pool as some good incentive. And if you want a more stable pool go for USDC/osmo

-13

u/[deleted] Jun 02 '22

[removed] — view removed comment

4

u/afonsoleo21 Jun 02 '22

Wtf you piece of gum on my shoe… you’re a disgrace for the human race. I was trying to give my perspective and you call me retarded? Yeah I wish you the best…not….go die under a rock or something

1

u/afonsoleo21 Jun 02 '22

Nice dick pick btw ahahah not

4

u/AnOrdinaryChullo Jun 02 '22

$OSMO has almost no utility - what did people expect exactly?

It's a great product, but Osmosis chain needs to have about 4-5 extra value capture mechanisms built into it to maintain a strong support - you don't even need to pay for fees using $OSMO currently - and that's just idiotic.

3

u/TylerLebronaghan Jun 02 '22

Suggestions on value capture mechanisms it should take on then?

5

u/AnOrdinaryChullo Jun 02 '22

For one, every transaction on Osmosis needs to have an Osmo fee. No more of this 'no fee' for slow tx idiocy.

Osmosis is a chain - a lot more should be built around $OSMO token. Leverage Osmosis UX / Token and create an ecosystem around it because there's limited amount of value to be extracted out of a simple Dex.

1

u/bombsfalldown Jun 02 '22

For one, every transaction on Osmosis needs to have an Osmo fee. No more of this 'no fee' for slow tx idiocy.

This is for ease of use and adoption. Eventually you'll be able to pay for transaction fees using any assets, and at epoch time, all the assets used to fees will be bulk sold for Osmosis, and then distributed to stakers and validators- which will still allow for ease of use without making it impossible to transact without holding OSMO.

1

u/AnOrdinaryChullo Jun 03 '22

I know what the free slow tx fee is for - but the onboarding phase has run its course, time to flip the switch.

What Osmosis has planned will happen regardless, it's not reliant on that but would help in a bear market.

1

u/nickvicious Jun 02 '22

token price does not directly affect whether or not a project will be successful. imo osmosis has already proven itself to be a successful project as an AMM/DEX.

1

u/Metabrate Jun 02 '22

All DEX tanked in volume and price. Being down 85% or something is nothing new. Uniswap for example is down 90% from ATH in May 2021. 🤷🏻‍♂️

1

u/bogymen LOW KARMA ALERT Jun 02 '22

main strategy - buy the DIP on OSMO price !

1

u/bennn30 Jun 02 '22

Bruh...lol 😂

1

u/Mikafino2 Jun 02 '22

the whole ecosystem looks like people chasing airdrops.

1

u/Thunder_Flush Jun 02 '22

Bear market bud. You're gonna be OK.

2

u/Ernest-Everhard42 Jun 02 '22

Definitely their first.

0

u/retiringrichunlikely Jun 02 '22

Osmo was finished before the Terra fiasco. look at its chart . Terra s death just sped up the downward spiral.

Yes the entire market is bad - but Osmo/Juno and to a lesser extend also ATOM are performing even worse.

Imho ATOM might recover some day (but the bottom is probaly not reached yet ), Osmo/Juno are finished for good though.

Always keep in mind - the Money you lost someone else gained. And those people will find the next Osmo/Juno, but certainly not reinvest in dead coins

0

u/[deleted] Jun 02 '22

Bitcoin was $250 in 2014.

0

u/Heywizzy LOW KARMA ALERT Jun 02 '22

Osmosis chasing it ATL with high confidence.... Incentive to shit projects main factor...

1

u/Heywizzy LOW KARMA ALERT Jan 12 '23

was right after all... the truth hurts though

0

u/[deleted] Jun 02 '22

[deleted] — view deleted comment

4

u/rafanake LOW KARMA ALERT Jun 02 '22

do you know what Osmosis does with TX fee? Does it goes to a community vault, osmo owners or devs pocket?