The core of the Octopus Network is the Octopus Relay — a set of smart contracts running on the NEAR
blockchain, aka mainchain, that implements the security leasing market. Octopus Network appchains sit
on the demand side of the market. They pay rent in their native tokens to lease security from $OCT
holders. $OCT holders that delegate their $OCT by staking on appchains have the opportunity to diversify
their investment profiles with a wide variety of protocols.
The Octopus Relay enables appchains’ interoperability with NEAR protocol and Ethereum via the Rainbow
Additionally, appchains can utilize an out-of-box IBC pallet to connect with any IBC enabled blockchains
Thus, assets issued on Ethereum, NEAR, or any IBC enabled blockchain transfer into Octopus Network
trustlessly. Conversely, assets issued on appchains can be transferred trustlessly to Ethereum, NEAR,
IBC enabled blockchain.