Osmosis is partnering with the Omnity Network established by the ICP, and ckBTC will be connected to the Cosmos ecosystem through Osmosis. In April, the DFINITY Foundation on Monday announced the launch of ckBTC, a liquid and cost-effective "twin" token backed 1:1 by Bitcoin.
On September 19th, Cosmos ecological DEX Osmosis announced on the X platform that the Osmosis chain has resumed block production after a shutdown of about 2 hours, and the node operator should perform a v26.0.1 patch upgrade. It is reported that Osmosis has a block suspension after the v26 upgrade. Core contributors are fully investigating the root cause, and Osmosis will back up as soon as possible and provide regular updates.
DEX Osmosis posted on X that after the v26 upgrade, Osmosis experienced a chain outage. Core contributors are working to investigate the root cause. The chain will be back up and running as soon as possible with regular updates.
The ICP-based uncustodial bitcoin token, ckBTC, will be connected to the Cosmos ecosystem through Osmosis. Osmosis is working with the OmnityNetwork established by ICP to provide a service to bridge uncustodial BTC to Cosmos. CckBTC is a bitcoin token pegged 1:1 to the value of BTC.
Decentralized exchange Osmosis has announced the launch of a "token portal" called Polaris, which aims to solve one of the biggest challenges in decentralized finance (DeFi): the fragmented user experience. The Polaris platform will allow users to trade tokens on multiple blockchains through a single interface, eliminating the need for multiple wallets, bridges, and gas tokens.
Osmosis, a blockchain project built on Cosmos technology, says one-click transactions are now available to all users, powered by a newly implemented "smart account". One-click transactions are just the first of many features that smart accounts will soon enable, such as support for passwords and Face ID authentication, all of which are designed to streamline user processes and improve user experience and account management in DeFi.
According to a recent update by Osmosis, the block time of Osmosis has been reduced to about 1.5 seconds, and validators need to update to the latest version. BURN is live, and Alloyed USDT (allUSDT) is live on Osmosis DEX. In the coming weeks, Osmosis DEX will launch a new deposit/withdrawal UI.