Cross-chain interoperability protocol Celer Network announced the launch of Peti, an omnichain liquidity protocol that aims to provide omnichain trading experience for both traders and pro market makers.
Peti uses "just-in-time" liquidity to improve efficiency. When users want to make an omnichain value transfer or swap, instead of going through the normal flow involving multiple DEXes and bridges, their Request For Quotes (RFQs) are sent directly to professional and institutional market makers. The market maker with the best pricing will be automatically matched with a cryptographically secured signature. The order is then executed atomically via smart contracts and cross-chain messages using Celer Inter-chain Messaging protocol.
DeFi
DEX
Cross-Chain
