What is Quasar Smart Contract (OMG Foundation)?

A Quasar smart contract is a specific type of smart contract that was designed by OMG Foundation and Enya.ai to enhance their Plasma Layer-2 scaling solution. The Quasar smart contract framework is designed to solve the fast exit problem that users encounter when they try to withdraw their 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 that allows users to securely and quickly provide liquidity to the network and share exit fees with other users when initiating a withdrawal.