$YELLOW Token Now Powers Yellow Network's Cross-Chain Trading Infrastructure
Yellow Network has launched on Ethereum mainnet, bringing three significant benefits to its rapidly growing community. The network's Layer-3 protocol enables real-time, non-custodial, cross-chain trading to occur off-chain using state channels.
This deployment allows node operators to lock $YELLOW in the NodeRegistry to run Clearnode infrastructure, which serves as operational collateral for active node operators when administering protocol parameters.
Additionally, node operators can administer protocol parameters through YellowGovernor, where proposals are submitted and executed through a timelock process. This enables transparent protocol updates executed through on-chain consensus.