A Quasar smart contract is a type of smart contract created by the OMG Foundation and Enya.ai to improve their Plasma Layer-2 scaling solution. The Quasar smart contract framework is intended to address the fast exit problem that users face when attempting to withdraw funds (it often takes 14 days for enterprise users to successfully withdraw their funds to Ethereum using traditional models). Quasar smart contracts also provide a framework for users to securely and quickly provide liquidity to the network, as well as share exit fees with other users when withdrawing.
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