Osmosis modules

Osmosis implements the following custom modules:

epochs - Makes on-chain timers which other modules can execute code during.
gamm - Generalized AMM infrastructure, which includes balancer and stableswap
incentives - Controls specification and distribution of rewards to lockups
lockup - Enables time-lock escrowing of tokens. (Often called Locking or Bonding)
mint - Controls token supply emissions, and what modules they are directed to.
pool-incentives - Controls how incentives allocated towards "Liquidity Providing" are directed
- These go towards gauges defined by the incentives module
protorev - Cyclic arbitrage module that redistributes backrunning profits to the protocol
superfluid - Defines superfluid staking, allowing DeFi assets to have their osmo-backing be staked.
tokenfactory - Allows minting of new tokens of the form factory/{creator address}/{subdenom} for user-defined subdenoms.
twap - The TWAP package is responsible for being able to serve TWAPs for every AMM pool.
txfees - Contains logic for whitelisting txfee tokens, making them easily priceable in osmo, and auto-swapping to osmo.
- Also contains logic for custom Osmosis mempool logic, though this should perhaps relocate.

See the module dependence graph below for further information:

ModuleDependenceGraph

This is done in addition to updates to several modules within the SDK.