1. What motivates users to use cross-chain abstract products?

The biggest challenge faced by new products in the early stages is how to achieve growth.

The main driving forces are twofold: one is that the product experience is good, truly bringing convenience to high-frequency usage scenarios; the other is that it can really make money and help users earn money.

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

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

The second driving force can show results directly in a short period; our industry's users' primary motivation is to make money, and we cannot ignore this user characteristic.

A typical representative is the Unisat wallet, which quickly rose during the inscription craze in 2023, solving the needs for managing and inscribing, and indeed helping users make money.

The benchmark cross-chain abstract product UniversalX has already formed a unique user experience in its first product aspect, but what is now lacking is stronger user engagement scenarios, specifically how to help users earn money.

2. From asset trading to on-chain financial management

As previously mentioned, cross-chain abstract DEX has indirectly become a 'cross-chain capital transfer station', allowing for quick involvement in various ecosystems. For example, positions are usually stablecoins or mainstream coins, but when hotspots appear, one can quickly play across various chains.

Facilitating trading is the first step; once user funds are settled in the application, the greater value lies in financial management.

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

The progression among these three aspects is to first solve the asset issuance problem. Once assets exist, trading is needed, requiring user-friendly trading tools. Subsequently, users need effective asset management tools.

In asset management, besides basic asset custody, what’s more important is the opportunity for asset appreciation, which is financial management.

3. DeFi usage scenarios

How to manage finances specifically?

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

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

Here are the core types of operation scenarios:

(1) Providing liquidity

For example, 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 on the Base chain using ETH without first bridging ETH to Base. By quickly participating in popular pools, I can obtain high rewards for early participants.

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

(2) Yield Farming

For example, I have USDC on BSC, but the current yield on BSC is not as good as a certain project on Arbitrum.

Through UniversalX, I can directly participate in farming activities on Arbitrum using USDC on BSC, and the earnings can be directly received in 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 is important to know that different chain projects usually offer higher APY when they run promotions or launch new projects.

(3) Lending operations

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

Using UniversalX, I can directly borrow against MATIC as collateral in a DeFi protocol on Ethereum.

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

(4) Asset Rebalancing

My assets are spread 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 allows for a quick response to market changes, adjusting asset allocation to the best-performing chains or DeFi projects.

Through regular rebalancing, I can capture yield opportunities between chains and reduce risks from 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 achieve low buy and high sell.

Utilizing UniversalX's cross-chain instant trading capability, arbitrageurs can capture arbitrage windows that exist for a short time.

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

4. To summarize

UniversalX, as a cross-chain abstract product, can not only be used for asset management and trading but also applied to various on-chain DeFi scenarios for financial management.

The core is that we need to maintain sensitivity to market trends to fully utilize the convenience provided by UniversalX.

Of course, UniversalX also needs continuous refinement; the product has just launched, and many features are still not perfect. Future product iteration directions can consider how to facilitate user interaction with various DeFi.