Parallel Assets & Fusion

Parallel Assets & Fusion

Flux parallel assets are representations of the FLUX token that exist natively on multiple blockchain networks beyond the native Flux blockchain. Through the Fusion system, FLUX holders can seamlessly convert between the native FLUX token and its parallel asset equivalents on chains like Ethereum, BSC, Solana, and more. This multichain presence gives FLUX broader liquidity, DeFi integration opportunities, and access to a wider range of exchanges and trading venues.

What Are Parallel Assets?

Unlike wrapped tokens or simple bridge mechanisms, Flux parallel assets are native tokens on their respective chains that are backed 1:1 by native FLUX locked in the Fusion system. When you "fuse" FLUX to a parallel chain, the native FLUX is locked and an equivalent amount of the parallel asset is minted on the target chain. When you fuse back, the parallel asset is burned and the native FLUX is released. The total supply across all chains always equals the total FLUX supply — no new tokens are created.

Supported Chains

FLUX parallel assets are available on the following blockchain networks:

The Fusion Bridge

Fusion is the Flux network's native cross-chain bridge that enables conversion between native FLUX and any parallel asset. The Fusion process is built into the Flux infrastructure and is operated by the decentralized Flux node network, providing security through distributed validation rather than relying on a single centralized bridge operator.

How to Use Fusion

The Fusion bridge is accessible through Zelcore wallet and SSP Wallet, the official Flux wallets. The process is straightforward:

1. 1

   Open your wallet and navigate to Fusion

   In Zelcore, go to the Fusion section (accessible from the main menu or the FLUX asset page). In SSP Wallet, access Fusion from the asset management interface.

2. 2

   Select the source and destination chains

   Choose whether you are converting from native FLUX to a parallel chain, or converting a parallel asset back to native FLUX. Select the target chain from the supported list.

3. 3

   Enter the amount to fuse

   Specify how much FLUX or parallel asset you want to convert. The interface shows the conversion rate (always 1:1) and any applicable network fees.

4. 4

   Confirm and sign the transaction

   Review the details and confirm the transaction. You will need to sign with your wallet. The process is handled by the Flux node network.

5. 5

   Wait for confirmation

   The Fusion process typically completes within a few minutes, depending on the confirmation requirements of the source and destination chains. You can track progress in the wallet.

Why Parallel Assets Exist

The parallel asset strategy serves several important purposes for the Flux ecosystem:

• •Broader exchange listings: Many centralized and decentralized exchanges only support specific blockchain standards. Having ERC-20, BEP-20, and SPL versions of FLUX enables listings on Ethereum-based DEXes, BSC-based platforms, and Solana exchanges simultaneously.
• •DeFi access: Parallel assets allow FLUX holders to participate in DeFi protocols across multiple chains — providing liquidity on Uniswap, farming on PancakeSwap, or lending on various platforms.
• •Lower transaction costs: Transacting FLUX on the native chain incurs its own fee structure. Parallel assets on chains like BSC, Polygon, or Solana offer significantly lower transaction costs for trading and transfers.
• •Ecosystem integration: Each chain has its own ecosystem of dApps, wallets, and services. Parallel assets enable FLUX to integrate with these ecosystems natively.
• •Increased liquidity: Distributing FLUX across multiple chains increases total market liquidity, making it easier for users to buy, sell, and trade FLUX regardless of their preferred blockchain platform.

Contract Addresses

When interacting with parallel assets on decentralized exchanges or adding custom tokens to wallets, you need the correct contract addresses. Always verify contract addresses through official Flux channels to avoid interacting with fraudulent tokens.

The official contract addresses for each parallel asset can be found in the Zelcore wallet (which automatically uses verified addresses) and on the official Flux documentation pages. Since contract addresses are long hexadecimal strings that may be updated if contracts are migrated, always reference the live source rather than static documentation.

Use Cases for Parallel Assets

1. 1

   Providing Liquidity on DEXes

   Use FLUX-ETH to provide liquidity in FLUX/ETH or FLUX/USDT pools on Uniswap. Use FLUX-BSC for PancakeSwap pools. Liquidity providers earn trading fees from swaps proportional to their share of the pool.

2. 2

   Cross-Chain Arbitrage

   Price differences between FLUX on different chains create arbitrage opportunities. Traders can buy FLUX on one chain where it is cheaper and sell on another where it is more expensive, with Fusion enabling the conversion.

3. 3

   DeFi Yield Farming

   Parallel assets can be used in various DeFi yield farming strategies across multiple chains. Deposit FLUX parallel assets into lending protocols, yield aggregators, or liquidity mining programs.

4. 4

   Lower-Cost Transfers

   When transferring FLUX between wallets or exchanges, using parallel assets on low-fee chains like BSC, Polygon, or Solana can significantly reduce transaction costs compared to using the native chain or Ethereum.

5. 5

   Exchange Deposits and Withdrawals

   Different exchanges support different chain versions of FLUX. Having parallel assets gives you flexibility to deposit and withdraw via whichever chain has the lowest fees or fastest confirmation times.

Considerations and Fees

When working with parallel assets and the Fusion bridge, keep the following considerations in mind:

• •Fusion fees: Each Fusion transaction incurs a small processing fee in FLUX. This fee covers the cost of the bridge operation and network validation.
• •Destination chain gas fees: Minting or transferring parallel assets on the destination chain requires gas in the native currency of that chain (ETH for Ethereum, BNB for BSC, SOL for Solana, etc.). Ensure you have sufficient gas on the destination chain.
• •Processing time: Fusion transactions typically complete within minutes, but can take longer during periods of high network congestion on either the source or destination chain.
• •Minimum amounts: There may be minimum Fusion amounts to prevent dust transactions that are uneconomical relative to the fees.
• •Smart contract risk: While the Fusion system is battle-tested, bridge systems inherently carry smart contract risk. Only fuse amounts you are comfortable having in transit during the bridge process.
• •Tax implications: Depending on your jurisdiction, converting between native FLUX and parallel assets may constitute a taxable event. Consult with a tax professional regarding your specific situation.

Claiming Parallel Assets

After completing a Fusion transaction, the parallel assets appear in your wallet on the destination chain. In Zelcore wallet, parallel assets are managed as separate assets within the same wallet interface — you will see FLUX (native), FLUX-ETH, FLUX-BSC, etc. as distinct assets, each with their own balance and transaction history. In SSP Wallet, parallel assets are similarly displayed as separate chain-specific assets. If using a third-party wallet like MetaMask (for ERC-20 or BEP-20 versions), you will need to add the FLUX parallel asset using the correct contract address for the respective chain.