# Universal: Liquidity Source Integration Proposal

**URL:** <https://forum.cow.fi/t/universal-liquidity-source-integration-proposal/3040>\
**Category:** Technical\
**Tags:** solvers\
**Created:** [June 3, 2025, 8:48pm UTC](https://forum.cow.fi/t/universal-liquidity-source-integration-proposal/3040 "2025-06-03T20:48:36Z")\
**Posts on this page:** 1\
**Page:** 1

<div class="post-metadata">

**Author:** ![patrick.mckelvy](https://avatars.discourse-cdn.com/v4/letter/p/90db22/32.png) [@patrick.mckelvy](https://forum.cow.fi/u/patrick.mckelvy)\
**Post date:** [June 3, 2025, 8:48pm UTC](https://forum.cow.fi/t/universal-liquidity-source-integration-proposal/3040/1 "2025-06-03T20:48:36Z")

</div>

## Title

Universal Merchant

## Author

Patrick McKelvy

tg: @pmckelvy1 (preferred)

[patrick.mckelvy@reserve.org](mailto:patrick.mckelvy@reserve.org)

## Simple Summary

Universal is a wrapped asset protocol designed to enable trading for any token, on any chain. Think Circle for cryptoassets. ([docs](https://docs.universal.xyz/docs))

Anyone can use the [Universal API](https://docs.universal.xyz/docs/developers/integrate-the-universal-api) to quote, mint, and burn uAssets.

However, becoming a Universal Merchant allows an actor direct access to mint and burn uAssets, putting them a step closer to the markets they’re making.

Reach out to the Universal team to learn more about becoming a [Universal Merchant](https://docs.universal.xyz/docs/developers/partnerships).

## Motivation

- What unique value does your liquidity source bring?
  - Universal assets allow users to access liquidity on any chain for any crypto asset available on Coinbase prime.

- How will it improve settlement quality?
  - There are small liquidity pools of uAssets onchain, and protocols like Reserve Index DTFs adopting uAssets as collateral. Becoming a Universal merchant would enable a solver to better make markets for uAssets by giving them a more streamlined ability to mint and redeem uAssets.

- What trading pairs/assets are supported?
  - The full list of uAssets can be found on the [Universal website](https://www.universal.xyz/).

- Current trading volumes and liquidity depth
  - There is about $15m in TVL across all uAssets ([reserves dashboard](https://www.universal.xyz/reserves)).
  - Many uAssets are being used in Reserve Index DTFs, where Reserve is actively working to grow TVL.

## Technical Specification

### Price Discovery

- How can solvers obtain price information?
  - The simple way to obtain the price of minting a uAsset is to use the Universal `/quote` endpoint [Integrate the Universal API | Universal Protocol](https://docs.universal.xyz/docs/developers/integrate-the-universal-api#requesting-a-quote)
  - As a merchant, a solver could determine their own price based on the price of the underlying asset on Coinbase and the solver’s larger knowledge of the market.

### Settlement Interface

- Smart contract addresses
  - All relevant Universal address can be found in the [Universal Docs](https://docs.universal.xyz/docs/developers/contract-addresses).

- Function signatures
  - The [Universal API docs](https://docs.universal.xyz/docs/developers/integrate-the-universal-api) have more information about how the Universal system works
  - Merchants work behind the API to fill orders by depositing the underlying collateral with Universal at Coinbase Prime and receiving a signature that allows them to mint the associated uAsset.

## Additional Information

- Security audits
  - [https://github.com/r0bert-ethack/audits/blob/main/Alongside - Universal Contracts report - Final.pdf](https://github.com/r0bert-ethack/audits/blob/main/Alongside%20-%20Universal%20Contracts%20report%20-%20Final.pdf)

- Known limitations
  - Using the Universal API to mint and redeem uAssets can come with a 2-3 second delay. On Base, the orders are usually filled in the next 1-2 blocks.
  - Merchants have quicker access to mint and redeem uAssets, because they are the ones fulfilling the orders.
  - There is still a small non-atomic portion of the Merchant flow where Universal needs to confirm deposit of the underlying collateral into their Coinbase Prime account. This can take about 1 second or less.

- Future roadmap
  - 
* * *

## Contact Information

### **Official Universal Partnership Contacts**

For any business partnership inquiries, please ensure that you are communicating **only** with the official Universal team members listed below:

**0xGaut – Co-Founder**

📩 **Email:** gaut@universal.xyz  
💬 **Telegram:** @oxgaut  
🐦 **Twitter:** [@0xGaut](https://twitter.com/0xGaut)

**Austin – Co-Founder**

📩 **Email:** austin@universal.xyz  
💬 **Telegram:** @austindiamond  
🐦 **Twitter:** [@austinldiamond](https://twitter.com/austinldiamond)

**Jun – Co-Founder**

📩 **Email:** jun@universal.xyz  
💬 **Telegram:** @queenAeropress  
🐦 **Twitter:** [@0xethcall](https://twitter.com/0xethcall)

🔹 _If you are contacted by anyone outside of these official channels, please verify before engaging._

- Technical support channels
  - Discord: [Universal Protocol](https://discord.com/invite/universalassets)
