COSMOSIS: The First Conglomerate Chain

The Cosmos is expanding rapidly.

To further enhance the ecosystem and the community, Osmosis governance has decided to merge with @cosmoshub.

We're thrilled to announce COSMOSIS as the first Conglomerate chain!

🧵👇 Read the entire thread for all the information! pic.twitter.com/YWDCcmB1fv

— Osmosis 🧪 (@osmosiszone) April 1, 2023

1/ With it's focus on UX and ease of use, Osmosis is the #1 Cosmos chain by users and activity, often the first entry app into the ecosystem.

It also the nexus of IBC in the interchain, having the most IBC volume and being the biggest counterparty of most chains in the network. pic.twitter.com/trHbB7Mrri

— Osmosis 🧪 (@osmosiszone) April 1, 2023

2/ As the de facto liquidity hub of the Cosmos Ecosystem, it has enabled users to access a plethora of assets within the Cosmos, while also accessing assets from beyond such as Ethereum, Polygon, Avalanche, and more. pic.twitter.com/N2WPzOm3wC

— Osmosis 🧪 (@osmosiszone) April 1, 2023

3/ Meanwhile, Cosmos Hub has often been regarded as the face of the ecosystem.

As the name bearer of Cosmos, it's brand value and reach is great.

Furthermore, it is home to the most liquid and highest market cap token within our ecosystem - $ATOM pic.twitter.com/19qOf7YChp

— Osmosis 🧪 (@osmosiszone) April 1, 2023

4/ A joining of the two juggernauts of the ecosystem is only logical in our view.

Providing the Cosmos community with the following benefits:
1. Improved synergies
2. Scaling economies
3. Increased value generation
4. Defining a true Hub

— Osmosis 🧪 (@osmosiszone) April 1, 2023

5/ We're excited to take the first steps on our new journey by taking the following actions in the coming weeks:

1️⃣ Users will redeem $OSMO tokens via our Transmuter module on a 1 to 1 ratio to $ATOM, without facing any slippage or incurring any fees.https://t.co/1P91SLuwuH

— Osmosis 🧪 (@osmosiszone) April 1, 2023

6/ 2️⃣ In order to be part of @cosmoshub economic zone, the Osmosis blockchain will transition to become a fully-owned, ATOM-governed ICS consumer zone of the Cosmos Hub.

Over the coming weeks, Osmosis validators plan to begin the process of a smooth transition. https://t.co/wVPwVJca6H

— Osmosis 🧪 (@osmosiszone) April 1, 2023

7/ This merger will also once and for all put an end to the Cosmos drama we've all become too familiar with. No more fighting.

There now will be only one Hub to rule them all, Cosmosis. https://t.co/H2bUicbC9z

— Osmosis 🧪 (@osmosiszone) April 1, 2023