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Cosmos DEX Osmosis to Make Cross-Chain Trades More Efficient With Neon Upgrade

Decentralized exchange (DEX) Osmosis will conduct its v14.0.0 upgrade, termed “Neon,” in line with a broader plan to expand product integrations and make cross-chain trading more lucrative for traders, developers said Wednesday.

The upgrade, which is scheduled to take place at block height 7937500 on Jan. 23, 16:00 UTC, will include a number of important enabling upgrades for Osmosis.

One of the key features of the upgrade is the implementation of geometric TWAP (Time Weighted Average Pricing) in Osmosis liquidity pools. In finance, a TWAP is the average price of an asset over a specified time. A TWAP strategy is often used to minimize a large order’s impact on the market by dispersing the large order into smaller quantities and executing them at regular intervals over time, as per Binance.

(By Shaurya Malwa)

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