UX Chain (formerly Umee) is a Cosmos SDK blockchain that acts as a cross-chain DeFi Hub. Through IBC, UX is interoperable with leading blockchains in the Cosmos ecosystem, such as Cosmos, Terra, Juno, Osmosis, and others. UX Chain is also compatible with Ethereum with its bridge built on the Gravity smart contract.
UX Chain aims to connect with further ecosystems and networks, breaking the existing silos between blockchains and advancing capital efficiency. Within the UX DeFi Hub, different financial products can be built, such as interest rate instruments, financial primitives, multi-chain staking, and more. UX Chain already provides the ability to lend and borrow across different blockchains.
UX (UMEE) is the blockchain's native token. It serves as the primary means of governance, blockchain security, and gas fees for transactions. UX can be staked to earn staking rewards via newly minted tokens.