> For the complete documentation index, see [llms.txt](https://osmosis.gitbook.io/o/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://osmosis.gitbook.io/o/master.md).

# Introduction

Osmosis is an advanced automated market maker (AMM) protocol that allows developers to build customized AMMs with sovereign liquidity pools. Built using the [Cosmos SDK](https://v1.cosmos.network/sdk), Osmosis utilizes Inter-Blockchain Communication (IBC) to enable cross-chain transactions.

Osmosis allows users to launch liquidity pools with unique parameters, like bonding curves and multi-weighted asset pools. The incentive structure of Osmosis is also adaptable. Governance implements liquidity reward (LP) rewards for specific pools, allowing for strategically targeted incentives.