Parallel assets can be likened to token bridges that allow assets to be ported from one blockchain to another. Parallel assets can be integrated with different applications, including those of decentralized finance on the Flux computational network, thus, removing the risks of those applications being limited to the Flux network. This way, development teams working on projects using Flux can maintain the uniqueness of their blockchains while still being able to access all the infrastructure they need in the Flux ecosystem. The Flux operating system (FluxOS) takes the interoperability provided by parallel assets further by enabling developers to run any application on any blockchain, thanks to the software’s cross-compatibility. Another advantage that comes with Flux parallel assets is the creation of new opportunities for arbitrage trading. Flux traders can spot differences in the price of flux parallel assets across different DEXs and quickly take advantage of them by swapping native Flux for that parallel asset. This can happen in only a few seconds by using ‘Fusion’ built into the Flux wallet (Zelcore)
In April 2021, Flux launched its first parallel asset, Flux-Kadena, followed by Flux-ETH and Flux-BSC existing on the Ethereum and Binance Smart Chain. By the 3rd quarter of 2021, Flux-Sol and Flux-Tron were distributed to native Flux holders. Flux-Avax has been the first asset to be distributed in 2022 with Flux-Ergo in September of 2022. In all, there are going to be ten parallel assets of which seven are now deployed with three more to follow.