
Wrapped Axie Infinity Shards
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uAXS represents a wrapped version of AXS, designed to facilitate its use and trading across various blockchain networks. This wrapping mechanism allows AXS to interact with decentralized finance (DeFi) applications on chains beyond its native environment.
AXS is an Ethereum-based token integral to Axie Infinity, a blockchain game. In Axie Infinity, players engage in activities such as battling, collecting, and developing a digital realm for their in-game creatures. AXS serves as the governance token for the Axie Infinity ecosystem.
Universal Protocol (UP) is a cross-chain asset protocol that enables the creation and utilization of wrapped assets, known as uAssets. These uAssets are 1:1 collateralized representations of native cryptocurrencies, held in secure custody.