Osmosis and UX Chain Propose Merger to Create Comprehensive DeFi Hub on Cosmos

Osmosis OSMO+ and UX Chain have proposed a merger, which would result in a consolidation within the Cosmos ecosystem. If approved, the merger would integrate the lending features of UX Chain with Osmosis' decentralized exchange (DEX), creating a comprehensive DeFi hub. The proposal outlines a strategic plan that begins with integrating UX Chain's codebase onto the Osmosis Chain. This would allow the two networks to share total value locked. The chains will maintain separate tokens initially, but there is a possibility of combining them through a token swap or migration. The specific details of the token swap will be determined by community governance. The proposed merger also aims to enhance Osmosis' mesh security and explore advanced liquidations, margin trading, and MEV markets. Both Osmosis and UX Chain have received significant funding in the past.

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