The Rainbow Network: An Off-Chain Decentralized Synthetics Exchange

Mar 01, 2019 | Dan Robinson

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This paper presents the Rainbow Network, a design for an off-chain non-custodial exchange and payment network supporting any assets for which two parties can agree on a price oracle. The Rainbow Network allows a user to trade, borrow, lend, and make payments in synthetic assets, entirely off-chain, while having only one on-chain payment channel collateralized by a single asset.

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