UX Chain is a programmable blockchain that utilizes Tendermint Consensus and Inter-blockchain Communication Protocol (IBC) to create a secure and autonomous lending algorithm for decentralized finance. It addresses inefficiencies in global debt markets by providing customizable lending products with robust security measures that monitor asset health and market stability.
Funding
$32M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Current decentralized finance (DeFi) lending markets often lack the security and customizability needed to effectively manage risk and ensure the stability of lending algorithms. Inefficiencies in cross-chain debt markets limit the potential for broader participation and innovation in Web3 lending.
Solution
UX Chain is a sovereign blockchain designed to provide a secure and programmable environment for decentralized lending. Built using Tendermint Consensus and the Inter-blockchain Communication Protocol (IBC), UX Chain enables the creation of customizable lending products with robust, chain-level security measures. The platform autonomously monitors the health of individual assets and overall market conditions to ensure stability. UX Chain aims to reshape global debt markets in Web3 by offering a safety-first approach to cross-chain DeFi lending and borrowing.
Target Audience
The primary target audience includes DeFi users, developers, and institutions seeking secure and customizable lending and borrowing solutions within the Cosmos ecosystem.
Features
- Built as a sovereign blockchain utilizing Tendermint Consensus and IBC for cross-chain interoperability.
- Customizable lending algorithms that allow for the creation of tailored debt financing products.
- Chain-level security measures that autonomously monitor asset health and market stability.
- Burn Auction Module designed to reduce the circulating supply of UX tokens.
- Support for a permissionless validator network.
- Liquidator Toolkit for managing and mitigating risks associated with lending and borrowing.