Bridging Module
The PRL bridging module is a secure, scalable, and decentralized bridging infrastructure which enable seamless transfer of PRL between supported chains. The module is designed to be highly flexible while maintaining robust security, allowing the Parallel Protocol to expand across multiple chains in a secure way. Built on LayerZero's infrastructure, it offers several key features:
Security & Architecture
Utilizes LayerZero's decentralized message verification and execution infrastructure
Implements a modular security stack with configurable Decentralized Verifier Networks (DVNs)
Employs an "X of Y of N" security model allowing flexible combinations of validators
Includes fallback mechanisms through permissionless execution if automated systems fail
Follows the Omnichain Fungible Token (OFT) standard
Key Features
Emergency Controls: Pause/unpause functionality for risk management
Fully DAO Controlled: All parameters and operations managed by governance
Risk Management
Chain-specific isolation modes to prevent risk propagation
Multiple DVNs required for transaction verification
Automatic transaction reversal if required validators are unavailable
Full governance control over all security parameters
Last updated
Was this helpful?