Parallel Finance, the Polkadot ecological DeFi protocol, announced that it has partnered with SaaS3 to use Phat Contract to build a trustless, decentralized, permissionless and low-latency oracle solution for the Web3 industry. Phat Contract is Phala's innovative off-chain computing programming model, Phat Contract will allow SaaS3 to use Intel SGX Secure Enclaves (also known as Trusted Execution Environments or TEEs) for computing. It makes the execution of the code deterministic and ensures that the intermediate state is not leaked, thereby resisting attacks on the operating system and hardware layer.