DeFi tracking platforms such as DeFi Pulse or DappRadar

Universal Asset Introduces Cross-Chain Liquidity Solution with CEX-like Liquidity

Jul 15, 2024, 10:28 AM

Universal Asset is introducing a new approach to managing cross-chain liquidity and asset exposure. The platform aims to provide users with access to assets across multiple blockchain ecosystems, such as Dogecoin on Base and diverse assets on Starknet, with CEX-like liquidity. By addressing issues like fractionalized liquidity and incompatible assets, Universal seeks to unlock billions of dollars in liquidity previously inaccessible to onchain users and protocols. The solution involves wrapped assets minted and burnt on demand using just-in-time liquidity from merchants, tapping into centralized orderbook liquidity on users' preferred chains. This approach is seen as a pragmatic solution to the increasing number of blockchain networks and aims to simplify the user experience by abstracting away the complexities of trading on different chains. Protocols, dapps, and wallets like ArgentHQ can benefit from this diverse asset exposure.