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
To celebrate the launch of RARI Chain on mainnet, we are excited to invite you to join our Quest in partnership with @galxe! Explore our new L3 to earn points where you can be eligible to get rewarded 🚀 🚀
Visit https://t.co/ZBqISFGdk7
to join!
Sustainable creator economy is the future of NFT innovation.
We looked for a chain with embedded royalties at the node level and didn’t find one. So we launched our own.
RARI chain, @arbitrum L3 with sequencer level royalties enforcement is live on Mainnet 👇🏻
Sustainable creator economy is the future of NFT innovation.
We looked for a chain with embedded royalties at the node level and didn’t find one. So we launched our own.
RARI chain, @arbitrum L3 with sequencer level royalties enforcement is live on Mainnet 👇🏻