TechFlow news, October 31 — According to its official blog, cross-chain infrastructure Celer Network has announced the launch of Peti, an omnichain liquidity protocol designed to provide traders and professional market makers with a seamless cross-chain trading experience. Peti is now live on mainnet and is built as an API- and SDK-based protocol without a standalone user interface. Multichain NFT marketplaces, GameFi, and DeFi dApps can integrate the protocol as a convenient way for users to move across different blockchains.
Peti enhances efficiency by providing instant liquidity. When users initiate cross-chain transfers or swaps, their quote requests are sent directly to professional and institutional market makers, bypassing the conventional process involving multiple DEXs and cross-chain bridges. The market maker offering the best price automatically matches cryptographically secured signatures, then uses Celer’s inter-chain messaging protocol to execute orders automatically via smart contracts and cross-chain messages. Original link
