Lumia Launches Its Layer 2 Network, Expanding Access to RWAs
In Brief
With the introduction of its Layer 2 network dedicated to real-world assets (RWAs), Lumia aims to boost liquidity on the blockchain and unveil new applications for tokenized assets.
Modular blockchain Lumia This announcement marks the launch of Lumia’s Layer 2 network designed specifically for RWAs. The project is set to increase on-chain liquidity, broaden accessibility, and introduce innovative applications for tokenized assets.
Lumia has been crafted to optimize capital efficiency and stands out as one of the first rollups specifically for RWAs, aiding in the creation of tokenized assets across various sectors, including real estate, commodities, art, stocks, and financial indices. Acting as a Layer 2 solution, it is designed to ensure robust liquidity, enhance capital usage, and furnish the necessary infrastructure pivotal for growth. RWA s and decentralized finance (DeFi).
Integrating the Polygon AggLayer Lumia enables near-instantaneous cross-chain transfers through zero-knowledge proofs. Additionally, AggLayer enriches user interaction by cutting down on loading times, while its liquidity module, Lumia Stream, boosts capital efficiency, allowing traders to maximize value from every trade executed within the Lumia network.
To counteract liquidity fragmentation, the network emphasizes deep liquidity in its framework. This is made possible through Lumia Stream, which consolidates liquidity from Lumia Layer 2 and a variety of DeFi protocols. By amalgamating liquidity from both major centralized and decentralized exchanges, it offers a cohesive decentralized liquidity source.
Moreover, Lumia Stream presents lucrative opportunities for liquidity providers, achieving remarkable capital efficiency. A clear example of this is when Lumia Stream successfully settled a whopping $8 million in volume on 1inch RFQ, utilizing less than $30,000 in capital deployed across 28 different assets.
Lumia Prepares to Launch LUMIA Token and Set the Stage for Mainnet Rollout
The impending launch of Lumia's mainnet will feature a rebranding and the swapping of the existing ORN token, which is currently available on several crypto exchanges like KuCoin and OKX, for LUMIA. This new token will fulfill multiple roles within the ecosystem, from covering transaction fees to incentivizing node operators. Binance Additionally, the network is set to debut with several launch partners and service providers lined up, alongside an upcoming grant initiative aimed at developers—this program is designed to lay a robust groundwork that will empower partners and users to delve into the economic possibilities and financial avenues emerging on Lumia.
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Disclaimer
In line with the Trust Project guidelines Alisa, a committed journalist at Cryptocurrencylistings, focuses on cryptocurrency, zero-knowledge proofs, investments, and the vast terrains of Web3. With her sharp awareness of burgeoning trends and technologies, she provides insightful reporting to engage and inform readers within the constantly shifting domain of digital finance.
