What is UX?
UX is a cross chain DeFi hub that interconnects between blockchains._
As a base layer blockchain, applications and money lego primitives can be built on top of UX to access cross chain leverage and liquidity. The UX facilitates interoperability between the Cosmos ecosystem, Ethereum network, side chain architectures, layer two scaling solutions, and alternative base layer protocols. As a Cosmos SDK blockchain, UX is interoperable with blockchains including Terra, Crypto.com, Binance Chain, Osmosis, Secret Network, and 30+ other chains, plus Ethereum, from Day 1.
The native UX token is a Proof of Stake asset that can exist as a Cosmos SDK token and an ERC20 token on Ethereum.
Why was UX created?
UX was created to address three main issues that exist in DeFi:
Concentrated Systematic Risks
UX plans to break the inherent silos between blockchains by utilizing bridging solutions towards interconnecting blockchains and encouraging better capital efficiency. The eventual goals will be to enable interchain lending and borrowing, multi-chain staking and delegations, plus cross chain defi rates.
How can I get involved?
UX releases new community programs and events on an ongoing basis to gather the community for fun events, new product testing, or to simply crowdsource wisdom on various topics. Join the discussion on Discord and follow UX on Twitter to learn more. All of UX’s official links can be found here.