UXUY: MPC-based Decentralized Trading Platform
{"type": "project", "title": "UXUY: MPC-based Decentralized Trading Platform", "logoImg": "bafkreig6uh76zxhdwqrll4cwbmlddbkonoxkmhqiv2aqn7gabfzbhusw5a", "website": "https://uxuy.com", "bannerImg": "bafkreiaufy2if2wbdstvezrjqxox7ur4asbgpr4gvi6y6xuezhipozvfi4", "createdAt": 1684466813270, "credentials": {}, "description": "Is Defi good enough now? As Ethereum founder Vitalik said in《[What in the Ethereum application ecosystem excites me](https://vitalik.ca/general/2022/12/05/excited.html)》\n> _\"**Decentralized finance is, in my view, a category that started off honorable but limited, turned into somewhat of an overcapitalized monster that relied on unsustainable forms of yield farming, and is now in the early stages of setting down into a stable medium, improving security and refocusing on a few applications that are particularly valuable.\"**_\n![](https://static.uxuy.me/images/gitcoin_image/vitalik.png)\n\n## Background\n\nWhat problems have Ethereum encountered in its development? How can we make the Ethereum ecosystem better? As Vitalik said, after years of development, the Ethereum ecosystem has gradually changed from a barbaric growth stage to a professional one, and the applications in the field of decentralized finance have begun to focus on applications that can generate real value. In the field of cutting-edge technology optimistic and ZK rollup technology, high-quality application layers emerge endlessly, making their own contributions to the establishment of Ethereum ecology.\n\nDeFi has been rapidly expanding, and with it comes the challenge of trading assets across multiple blockchains. **The fragmented liquidity of the current DeFi ecosystem has led to a suboptimal trading experience for users, especially when trading on different blockchains.** That's where UXUY comes in. We aim to innovate and enhance the UXUY DEX platform to provide the best trading experience for our users. [We are excited to embark on this journey and revolutionize the DEX space.](https://blog.uxuy.com/uxuy-follow-smart-money-dc0269d2a931)\n\n## **What is UXUY?**\n\nUXUY is the next-gen MPC-based decentralized trading platform. Through the mnemonic-free and gas-free solutions, UXUY makes it easier for users to get started and conduct cross-chain transactions with a single click. We plan to create a comprehensive stablecoin liquidity pool to provide users with a “stablecoin-centric” trading environment and a web2 user experience. UXUY actively promotes community construction, is committed to promoting the development of optimistic and ZK rollups technology, and seeks new breakthroughs.\n\n![](https://static.uxuy.me/images/gitcoin_image/mock-app.png)\n\nApril 11, 2023, **[UXUY raised $3 million to build the next-gen MPC-based decentralized trading platform.](https://www.bloomberg.com/press-releases/2023-04-11/uxuy-raised-3-million-to-build-the-next-gen-mpc-based-decentralized-trading-platform)**  Jordan, Co-founder of UXUY: “We are excited to form strategic partnership with all our investors! Our mission, ultimately, is to build a decentralizedBinance, and our vision is to build the entry portal for Web3 to welcome the mass adoption of 1 Billion users.”\n\n  \n\n/////////////// 🏃♂️TL;DR ////////////////\n\n**Key features include:**\n\n-   _Stablecoin-centric 💰_\n    \n-   _Easy to Integrate 🛒_\n    \n-   _Multi-Chain 🖇️_\n    \n-   _Security First 🔒_\n    \n\n  \n\n## Advantages\n\nAt [UXUY](https://uxuy.com/), we truly believe the following thesis and build product suites to help crypto investors crack the code to wealth easier：\n\n-   Aggregating liquidity is the most effective way to achieve better trading depth.\n    \n-   With the flourishing of L2 and new mainnet, Web3 is entering the era of “Thousand Chains, One Network”.\n    \n-   Self-custody of assets is becoming the new norm, lowering the barriers to entry for DApps.\n    \n\n**Our mission is to get more people to learn about Web3, learn about Ethereum, and join the decentralized revolution.** At UXUY, we understand that kickstart web3 trading can be a challenge for many platforms. On UXUY trading platform, we will adopt a stable currency capital pool to protect the capital security of every user, even if the user has no experience in digital currency trading. UXUY will be used to provide more convenient cross-chain transactions (lower fees, faster transaction speed, safer transaction surge).\n\nWe firmly believe in the potential of multi-chain solutions, and we anticipate a future where thousands of assets will be issued on different chains daily. By providing a reliable and secure protocol that supports a vast array of chains, we enable you to access an even wider selection of assets and capitalize on the explosive growth of decentralized finance.\n![](https://static.uxuy.me/images/gitcoin_image/mock-pc.png)\n\n**At UXUY, security is our top priority.** We have implemented the latest security measures to protect your funds and personal information. Our protocol is non-custodial, meaning that you retain full control of your assets at all times. Our smart contract ensures that all trades are executed in a transparent and secure manner, without the need for intermediaries.\n\n## **What else is special?**\n\nDecentralization and efficiency are the principles that UXUY has been adhering to in all its applications and projects\n\n## **Roadmap**\n\n1.  In June and July 2023, UXUY mobile application will be launched with initial applications envisaged to cover abstract wallet protection, multi-identity authentication, market quick browsing, cross-chain trading services, and circulation of legal currency and Venture DAO will be launched.\n    \n2.  In the second half of 2024,UXUY will launch the second version of social trade (smart money module)\n    \n3.  In 2024, derivatives trading will be supported, and the project platform \"Optimus\" will be launched.\n    \n4.  Stay tuned.....", "logoImgData": {}, "bannerImgData": {}, "projectGithub": "uxuycom", "projectTwitter": "uxuycom"}