Merger proposal within the Cosmos ecosystem.

Osmosis, the largest decentralized exchange in Cosmos, and the lending protocol UX Chain (formerly Umee) are proposing to merge with each other within the Cosmos ecosystem. The proposed merger includes the integration of UX Chain's lending logic with Osmosis' decentralized exchange, aiming to form a comprehensive DeFi hub.

If approved, the process will begin with the integration of the UX Chain code into the Osmosis Chain, combining its capabilities and total locked value. Separate governance votes from each network's communities will guide the merger process, including the possibility of a unified token.

The proposed merger also aims to enable UX Chain to add value to the security of the Osmosis mesh, potentially leveraging the combined expertise or merging sets of validators from both networks.