Key Roles
The Universal Protocol is supported by three different types of users:
Custodian: Custodians are responsible for the secure storage of the underlying assets that back Universal tokens. They play a crucial role in ensuring the security and integrity of the protocol’s reserves.
Merchant: Merchants are permissioned entities that facilitate the minting and redemption of Universal assets. They ensure seamless liquidity movement across chains. User: Users are the end participants in the Universal ecosystem, utilizing uAssets for transactions, trading, and DeFi interactions.
Summary Table of Key Roles
Role
Responsibilities
Participants
Custodian
Stores and secures underlying assets, manages collateral, ensures 1:1 backing
Regulated institutions
Merchant
Mints and redeems uAssets, provides liquidity, facilitates cross-chain execution
Permissioned entities
User
Trades, transfers, and utilizes uAssets in DeFi
Retail and institutional traders
Last updated