we've been working on something I'm super excited about for Universal: native mint & redeem.
Deposit your native XRP, DOGE.. mint the uAsset equivalent (uXRP, uDOGE) on supported chains.
Use it in DeFi, provide LP on @AerodromeFi , lend it in @MorphoLabs, stake it in [redacted]
This unlocks a world of possibilities for assets previously unproductive to now be used inside DeFi on different chains like @base.
Vice-versa with redeem: deposit the uAsset (i.e. uDOGE on base), receive the native asset on the destination chain (native DOGE)
We're rolling this out slowly, currently in beta while we prep the terrain.
53.3K
40
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.