The point of this is to have the layer 2 token; In this case DLUX, but anything on HE could live here as well. Trustless swaps from Layer 1 to Layer 2 with out an intermediate token or centralized liquidity provider. This could be used to provide oracle services like 3speaks Proof of Access... or multi-sig in governance for cross chain swaps.
If I'm understanding what you're thinking... this is not a Hive-Engine replacement token to build other tokens. That would be the intermediary I've negated.