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gaut
@gaut
We're excited to announce the launch of Universal Mainnet Beta, first on @base. Universal enables exposure to assets previously not available on @base (think SOL, DOGE, and BTC), with CEX-like performance and price execution. Read on to get access today ↓
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gaut
@gaut
Universal creates wrapped versions of assets like SOL/DOGE/BTC called uSOL, uDOGE, and uBTC. When you place a trade, these assets are minted/redeemed on-demand by a network of merchants (i.e. market makers). TLDR; you send USDC, and receive uSOL at CEX-like pricing. Vice versa.
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@gaut
This means you can do all your trading directly from your Base wallet. No need to find the right chain, find a way to bridge there, or worry about liquidity. As easy as connecting your wallet, loading it up with USDC, and clicking Trade. Works like magic.
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