The Osmosis DEX and UX Chain lending protocol are proposing a merger within the Cosmos network. Osmosis, the largest decentralized exchange on Cosmos, aims to merge with UX Chain, a prominent lending platform formerly known as Umee. The merger is expected to bring significant changes to the Cosmos ecosystem. Osmosis and UX Chain operate at a similar level within Cosmos, making the merger promising. The proposal suggests that UX Chain transition its code development to be built on top of the Osmosis blockchain, benefiting from pre-existing liquidity and functionality. The merger is set to introduce benefits for community members, including margin trading, shorting, liquidations, stablecoins, interchain flash loans, and MEV markets. Initially, both chains and tokens will remain independent, with future iterations and token configurations to be decided by community governance. Feedback from community members is encouraged to shape the future of the proposed merger.
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Geography |
Global |
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Sentiment |
very positive |
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1 |
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None |
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UX Chain, Cosmos ecosystem, Osmosis DEX, Umee |
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None |
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