### What is UX Chain?

UX Chain is a cross-chain decentralised finance (DeFi) hub built on the Cosmos SDK. It functions as an interconnecting platform between various blockchains, enabling bridge technology for cross-chain borrowing, lending, and improving capital efficiency through liquid staking.

### How does UX Chain work?

UX Chain operates as a base layer blockchain leveraging the Cosmos SDK. It uses the Tendermint Proof of Stake (PoS) consensus protocol, which is known for its Byzantine Fault Tolerance (BFT) capabilities. This setup facilitates secure and efficient cross-chain interactions by using the Inter-blockchain Communication Protocol (IBC). Additionally, UX Chain supports smart contracts for decentralised applications and DeFi protocols.

### What are the potential use cases for UX Chain?

The primary applications of UX Chain include functioning as a cross-chain DeFi hub for borrowing and lending across various blockchains, collateralising staked assets for borrowing, enhancing capital efficiency via liquid staking, and ensuring seamless asset flow through multi-chain bridging. These capabilities position UX Chain as a versatile tool in the Decentralised Finance and blockchain interoperability sectors.

### What is the history of UX Chain?

Originally known as Umee, UX Chain was established as a Cosmos-based DeFi hub. It has received significant funding, notably raising $50 million through private rounds and additional funding from prominent investors like Polychain Capital and Coinbase Ventures. Its Token Generation Event took place around February 2022. UX Chain continues to evolve with a focus on enhancing cross-chain interactions and providing decentralised infrastructure for borrowing and lending.

UX Chain

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