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The newly launched answer is designed to make use of capital extra effectively, making it one of many first of its form constructed particularly for RWA.
Lumia has introduced the launch of its layer 2 community made for Actual-World Property (RWAs). This new answer goals to extend the liquidity in these property, and make them simpler for folks to entry. It additionally opens up new methods for folks to make use of tokenized property.
The newly launched answer is designed to make use of capital extra effectively, making it one of many first of its form constructed particularly for RWA. The community will assist the creation of tokenized property representing numerous real-world property like actual property, shares, artwork, and monetary indexes.
Leveraging Polygon’s AggLayer for Quicker Transactions and Enhanced Person Expertise
Lumia is leveraging the Polygon AggLayer to allow speedy transactions throughout completely different blockchain networks utilizing ZK proof, which supplies an enhanced person expertise with quicker loading instances.
The answer was created to resolve liquidity challenges via its Lumia Stream, combining probably the most liquid centralized and decentralized exchanges into one decentralized place. Subsequently, it permits customers and protocols to entry giant swimming pools of liquidity simply.
Moreover, Lumia Stream is opening up a brand new channel for liquidity suppliers to realize higher capital effectivity. The group behind the challenge cited an occasion of how the Lumia Stream module dealt with $8 million in buying and selling quantity utilizing lower than $30,000 in deployed capital throughout 28 completely different property on the 1-inch RFQ platform.
The Lumia group revealed that the launch of the Lumia’s mainnet will end result within the present $ORN token, which is already listed on main exchanges like Binance, KuCoin, and OKX, being renamed and swapped to develop into the $LUMIA token. The LUMIA token could have completely different makes use of inside the Lumia community, resembling paying transaction charges and rewarding node operators.
Lumia is launching its layer 2 community with companions and repair suppliers who’ve already signed up. The launch may also witness a grant program to assist builders construct on the community.
Lumia is positioning itself as a pacesetter in connecting bodily property to digital finance. This can make it simple for property to be tokenized and traded on the blockchain, resulting in the subsequent huge change in finance.
Launching the $ORN HyperNodes and Constructing a Decentralized Ecosystem
Along with launching the Lumia layer 2 community, the blockchain agency will launch its $ORN HyperNodes sale on July 18. These HyperNodes play an vital position in Lumia’s liquidity ecosystem.
Lumia $ORN HyperNodes Sale Begins
Node sale begins Thursday, July 18th.
3 days. Be there. pic.twitter.com/RtXm6Ygv8f
— Lumia (@BuildOnLumia) July 15, 2024
The HyperNodes additionally present licenses that can be utilized to delegate to DAC (Decentralized Autonomous Firm) and DNLP (Decentralized Node Liquidity Supplier) node operators. This technique creates a balanced ecosystem the place each the nodes and the individuals who use the nodes work collectively and contribute so much to creating the Lumia community wholesome and develop whereas additionally getting rewarded for his or her contributions.
The HyperNodes are important to Lumia’s efforts to make its Layer 2 community as decentralized as potential. This decentralization makes the community safer, open, and capable of stand up to assaults or issues. Customers can work together with the HyperNodes ecosystem in numerous methods, like unlocking rewards, delegating to DAC or Liquidity Nodes, becoming a member of Node Owned Liquidity, or working DNLP or DAC Nodes to get extra concerned and earn extra rewards.
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