UX Chain Newsletter: November 2023
Hey there UX Community,
November has been quite the eventful month for the UX Chain, with several new assets listed, a new supply milestone reached, and even more. Here's the complete rundown!
We Listed 5 New Assets!
We continue to work towards our goal to be the go-to DeFi Lending Hub for the Cosmos. That's why we will keep listing assets for the foreseeable future. This month, we managed to add Native $USDT, a stablecoin that the community has been asking for. We also took a step to support the Cosmos NFT community by listing the $STARS token from Stargaze. We also added $INJ from Injective and $SOMM from Sommelier Finance.
Last but not least among our new asset listings is $NCT from the Regen Network. We want to take a moment to highlight this as our first completely Eco-friendly listing, born from the conversion of carbon credits into tokens that can be exchanged on a blockchain. With this listing, the UX Chain is taking a stand and doing its part to fight climate change.
We now support over 30 collateral assets, that’s the most of any lending protocol!
We've Reached +$18M in Total Supply!
Another month has come with a new milestone unlocked in total supply. This time we've made it to $18M supplied, and we couldn't be more grateful for the support in getting this far!
2 New Wallet Integrations
With the help of Mystic Labs, you can now connect to UX directly through your metamask wallet! All you have to do is update your Metamask with their latest Metamask snaps feature, and voila, you can now connect to UX through Metamask!
Not a fan of Metamask? That’s okay! Thanks to our partnership with Leap, connect with your Leap Wallet seamlessly!
Protocol Change
While we celebrate the achievements we've made in November, we would also like to acknowledge a change in operational policy. To comply with new regulations that were issued this month, we implemented a geo-blocking feature for users in the U.S. and U.K. regions. Of course, it’s never fun to block specific countries but it remains paramount that UX stays compliant with any and all regulatory requirements to ensure we remain compliant and therefore, a sustainable operation.
stOSMO/OSMO Special Asset Pair
Okay, okay, we know technically, we launched this October 31st, but still! How cool is it that you now have 37% more borrowing power when you supply $stOSMO and borrow $OSMO against it?!
Check it out here: app.ux.xyz
We already started December off with a bang, announcing our merger with Osmosis, and we can’t wait to share all the details as this exciting time unfolds for both U and Me! Just kidding, we’re UX now, but still, that was a good pun.
Until next time!
Best regards,
The UX Team.