1. What motivates users to use chain abstraction products?

The biggest challenge faced by new products at the early stage is how to achieve growth.

There are mainly two driving forces: one is a good product experience that truly brings convenience to high-frequency usage scenarios, and the other is the ability to make money, helping users earn.

The first driving force requires time accumulation, relying on word-of-mouth promotion and product refinement, ultimately leading to qualitative changes from quantitative changes.

A typical example is the OKX wallet, which rapidly enhances product experience by laying down a large number of resources, allowing ordinary users to genuinely feel that daily on-chain surfing is very smooth.

The second driving force can show results directly in the short term; it is very straightforward. The primary motivation for users in our industry is to make money, and this user characteristic cannot be overlooked.

A typical representative is the Unisat wallet, which quickly rose during the 2023 inscription craze, addressing the needs for inscription management and creation, effectively helping users earn money.

The chain abstraction benchmark product UniversalX has already formed a unique user experience in the first product aspect, but what it currently lacks is stronger user engagement scenarios, specifically how to help users earn money.

2. From asset trading to on-chain wealth management

A previous point mentioned is that chain abstraction DEX has effectively become a "on-chain capital transfer station," allowing users to participate in various ecosystems at any time. For example, positions are usually in stablecoins or mainstream coins, but when hotspots emerge, users can quickly engage across different chains.

Facilitating transactions is the first step. Once user funds are settled in the application, the greater value lies in wealth management.

The three core demands in the Web3 industry are: asset issuance, asset trading, and asset management.

The progression among these three is that first, the asset issuance problem needs to be solved; once assets are available, trading is necessary, requiring effective trading tools. Subsequently, users need effective asset management tools.

In asset management, beyond basic asset custody, the more important aspect is the opportunity for asset appreciation, which is wealth management.

3. DeFi usage scenarios

How to manage wealth specifically?

In fact, there are many high-quality DeFi products on-chain, and the DeFi operation scenarios are very suitable for using UniversalX.

In DeFi operation scenarios, UniversalX can help us achieve maximum returns through seamless cross-chain operations.

Here are some core operation scenarios:

(1) Providing liquidity

For example, if I find a high-yield liquidity pool on the Base chain, but most of my assets are on Ethereum.

Using UniversalX, I can directly provide liquidity with ETH on the Base chain without needing to bridge ETH to Base first. By quickly participating in popular pools, I can earn high rewards as an early participant.

With UniversalX, I can also frequently adjust my liquidity and track the pools with the highest yields.

(2) Yield Farming

For instance, if I have USDC on BSC, but the current yield on BSC is lower than a certain project on Arbitrum.

Through UniversalX, I can directly use USDC on BSC to participate in farming activities on Arbitrum, with the earnings going directly to my UniversalX account.

Cross-chain farming activities allow me to farm in the most favorable projects without being limited to assets on a single chain.

It's important to note that projects on different chains often offer higher APY during promotional activities or when launching new projects.

(3) Lending operations

For example, if I have a large amount of MATIC on Polygon and want to use these assets for lending on Ethereum.

Using UniversalX, I can use MATIC as collateral to lend directly on DeFi protocols on Ethereum.

By choosing the lending platforms with the best rates across different chains, I can maximize my lending returns. I can even take advantage of the interest rate differences between chains for arbitrage, such as borrowing on a low-interest chain and depositing on a high-interest chain.

(4) Asset rebalancing

My assets are distributed across multiple chains, but I can adjust my portfolio based on market dynamics.

UniversalX allows me to transfer assets from one chain to another for rebalancing in just a few steps.

This enables me to quickly respond to market changes and adjust asset allocation to the best-performing chains or DeFi projects.

By regularly rebalancing, I can capture yield opportunities across chains and reduce risks associated with market fluctuations on a single chain.

(5) Arbitrage opportunities

There is a user group of on-chain arbitrageurs who pay attention to price differences of the same token across different chains.

Using UniversalX, arbitrageurs can quickly move assets between different chains to buy low and sell high.

With UniversalX's instant cross-chain trading capabilities, arbitrageurs can seize arbitrage windows that exist for a short time.

There’s no need to worry about delays in cross-chain transactions or high bridging fees, which increases the feasibility and profit margin of arbitrage operations.

4. In summary

UniversalX, as a chain abstraction product, can be used not only for asset management and trading but also in various on-chain DeFi scenarios for wealth management.

The key is to maintain sensitivity to market trends so that we can fully leverage the convenience provided by UniversalX.

Of course, UniversalX also needs continuous refinement. The product has just launched, and many features are still not fully developed. Future product iterations could consider how to facilitate user interactions with various DeFi platforms.

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