Universal
Universal is a wrapped asset protocol designed to enable any token to trade on any chain. It aims to solve one of crypto's most frustrating user experience problems: fragmentation of liquidity across chains.
Token issuers have a different cold start problem- they can't afford to manage liquidity on every L1/L2. Bridges have yet another cold start problem- there needs to be liquidity locked in on both chains before users can trade using those assets on either chain. Most importantly, users just want to be able to trade any asset they want without having to think about liquidity depth, bridging, or setting up a new wallet. As ecosystems like Ethereum scale via L2s and monolithic L1s like Solana reach mass adoption, the availability of tokens often depends on a complex network of bridges or is simply unavailable.
Universal aims to streamline this process by providing a seamless on-chain trading experience, abstracting away many of these complications for the end user.
Universal can enhance liquidity management, simplify token availability across multiple chains, and significantly improve the overall user experience in crypto ecosystems.