"Chain-agnostic" refers to how you
can use UniversalX to trade any token on any chain—regardless of which chain
your assets come from, or where the assets you want to trade are hosted.
This makes UniversalX quite different from the typical on-chain trading
experience, wherein a user needs to bridge assets, handle multiple gas
tokens, and lock themselves into a new ecosystem to use a dApp.
UniversalX relies on Particle
Network’s Universal Accounts, which provide a unified account and balance
across all chains. In essence, Universal Accounts leverage multiple Smart
Account deployments on different chains, unified and coordinated by
Particle's Universal Liquidity technology, as well as the Particle Network
L1 blockchain.
For a more technical outlook on Universal Accounts, Universal Liquidity, and
their workings, go to https://docs.particle.network
Yes. The simplified user experience
of UniversalX is achieved solely through Particle Network’s chain
abstraction technology. All user interactions remain 100% on-chain, ensuring
that they retain full control of their assets at all times.
Yes. We're always working to expand
UniversalX's chain coverage, with the ultimate goal of spanning the entire
Web3 multiverse. If you'd like us to include any specific chain, give us a
shout-out via X!
Thanks to UniversalX's chain
abstraction, you do not need to hold gas tokens for every chain you interact
with. Instead, your Universal Account allows you to pay for gas with any
token, from any chain. Our system also pre-selects the most cost-efficient
route for each of your trades.
Additional to gas fees, UniversalX charges a small commission on trades.
This is to incentivize liquidity, as well as to help sustain the project.
UniversalX plugs into Universal
Accounts' underlying system: Universal Liquidity. This allows users to
seamlessly spend primary tokens (ETH, USDC, USDT, BTC, SOL, etc.) from all
supported chains, which are then used to interact with native DEXs on the
chain(s) a user wants to purchase a given token.
For you, this means you simply hold any primary token from any chain, and
use it to buy and sell tokens on any chain.
UniversalX collects and organizes
liquidity data for tokens across all chains (including all pairs, whether
ETH/USD
or
memecoins), providing users with a highly competitive trading experience. It
offers features such as fast confirmation and settlement. UniversalX
integrates advanced charting tools powered by TradingView for a seamless
trading experience.
Particle Social Login
uses MPC-TSS (Multi-Party Computation with
Threshold-Signature-Schemes) to generate non-custodial wallets derived from
social accounts. Upon logging in with a given social login mechanism, a key
pair is generated and secured through MPC-TSS, splitting it into multiple
shares to be used for distributed signature generation. Upon using the key
pair for a signature, each share (for most implementations, these will be
two, one accessible locally/through a backup system, the second within a
TEE) participates in the generation of a signature, thus resulting in the
ability to authenticate signatures without the unification of a whole
private key.