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 ↓
7 replies
31 recasts
141 reactions
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.
1 reply
0 recast
4 reactions
gaut
@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.
1 reply
0 recast
4 reactions
gaut
@gaut
With hundreds of users having already stress-tested Universal Testnet, we are rolling out Universal Mainnet Beta first on an invite-only basis. This is a *beta* - expect some bugs, and some limitations while we work towards a broader public release.
1 reply
0 recast
2 reactions