Who else is counting down the days until the #Venommainnet launch on March 18th? ⚡️ Let's celebrate this historic moment together! $VENOM #VenomLauch@Venom_network_
Our mainnet launches on March 18, 2024!
This marks a major step forward for the Venom blockchain, the community and the space as a whole.
We're excited to have you with us, and your support is key as we continue to grow and improve.
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.
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GM frens ☀️
Proud to announce that I’m officially working with
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