@TCryptochicks Every time I use OKX’s Web3 wallet to buy BN’s Alpha, mainly because OKX’s interface is noticeably smoother than BN’s. Isn’t that ironic?
PG was researched and designed to solve the fundamental misalignment between users, builders, and governance.
PG can be implemented on any L2 blockchain that has a native governance token and a sequencing system.
Read the full research paper here: https://t.co/0hUB7i3yGr
Omni-chain liquidity is the future.
Parallel is designed to power omni-chain liquidity through three innovative mechanisms:
1. Broker Accounts
Parallel Network employs native L2 Broker Accounts, effectively proxy smart contracts, which behave as trustless and noncustodial entities that sit between Automated User Operations (AUOs) and native chains supported by Parallel.
Through these Broker Accounts, users are able to supply assets on other chains, borrow against them on Parallel, then relay actions to destination chains.
Parallel natively plugs into money markets on each destination chain, ensuring access to additional supported liquidity.
2. Liquidity Vaults
Liquidity Vaults function as dynamic money markets which enable omni-chain liquidity to be efficiently deposited and borrowed.
By deploying Vault Contracts and Broker Contracts on networks, Parallel can ensure seamless asset transfers.
3. Omni-Chain Execution Layer
The Omni-Chain Execution Layer operates in a gasless manner, where fees are effectively sponsored on the destination chain using collateral on Parallel.
This innovative approach ensures that liquidity requirements are manageable for users.
These mechanisms provide the infrastructure to build a truly interoperable and omni-chain future for everyone.
New Galxe campaign is live 🚀
Join us and learn more about Parallel Network, our omni-chain L2, and why it's needed. Powered by @Galxe:
https://t.co/gQqaAMqVpr
Hello wonderful @zksync community.
We appreciate your activity on the network and we are airdropping 22% of our total supply to to zkSync loyal users.
🎁Check your eligibility now: https://t.co/TJFr4VoQha
This is just the beginning.