- Lumia launches a layer 2 community for Actual World Property to boost on-chain liquidity and broaden entry.
- The community integrates Polygon AggLayer for near-instantaneous cross-chain transactions and higher person expertise.
Lumia has introduced the deployment of its layer 2 (L2) community, particularly designed for Actual-World Property (RWAs). This growth will assist enhance on-chain liquidity, increase the viewers, and open up new prospects for tokenized belongings.
Lumia’s modular L2 community offers larger capital effectivity, making it one of many pioneering rollups tailor-made for RWAs. A few of the belongings that the community permits for tokenization embody actual property, commodities, artwork, equities, and monetary indexes.
Polygon AggLayer Integration Enhances Cross-Chain Transactions
Lumia’s L2 community incorporates Polygon AggLayer, which helps quick cross-chain transfers by means of ZK proofs. This integration improves the person expertise by means of sooner loading instances. Additionally, Lumia Stream, the platform’s liquidity module, enhances capital administration to allow merchants to get the utmost worth from each commerce made on Lumia L2.
Lumia Stream goals to unravel the difficulty of liquidity fragmentation by providing deep liquidity. It integrates essentially the most liquid centralized exchanges (CEXs) and decentralized exchanges (DEXs) in a single decentralized supply that enables DeFi protocols to entry giant liquidity swimming pools. For liquidity suppliers, Lumia Stream offers unmatched capital productiveness, as seen within the 1-inch RFQ, the place $8M in quantity was processed utilizing $30K in capital for 28 belongings.
Fragmentation within the present DeFi market is clear, with Ethereum holding a good portion of DeFi Complete Worth Locked (TVL) at $59 billion. Nonetheless, liquidity is dispersed throughout quite a few chains, with the following prime eight EVM chains contributing one other $22 billion. Lumia goals to consolidate this liquidity for extra environment friendly buying and selling and borrowing.
Lumia Rebrands and Introduces New Token
With the mainnet launch, Lumia will rebrand and swap the prevailing $ORN token to $LUMIA. The brand new token, $LUMIA, can have a number of makes use of for the community members: transaction charges and node operations. This variation of name is in concord with Lumia’s enterprise technique to be one of many prime L2 networks for RWAs.
Lumia $ORN HyperNodes Sale Begins ⚡️
Our highly-anticipated node sale launches on July 18th at 2 PM CET.
Beginning at solely $1000 per node, it is a first come, first served alternative you do not need to miss.
Learn extra about the way it all works 👇https://t.co/uGCSglRv1q pic.twitter.com/UjupNVdcnV
— Lumia (@BuildOnLumia) July 11, 2024
The L2 launch of Lumia comes with a powerful checklist of companions and repair suppliers. Builders are additionally to obtain grants to make sure that they adhere to the laid down requirements from the inception of the venture. The target of this initiative is to encourage companions and customers to find financial prospects and the monetary sector in Lumia. With the growing consciousness and demand for RWAs, Lumia is nicely positioned to achieve market share within the sector.
Lumia’s partnership with Polygon AggLayer clearly demonstrates its give attention to efficiency and the person expertise. The zero-knowledge proofs that enable for near-instantaneous cross-chain transactions additionally enhance usability and outline a brand new benchmark for L2 options.
It’s value noting that Lumia lately rebranded its identify from Orion. As acknowledged within the announcement, Orion has led in liquidity aggregation, which is uncommon within the Defi market. It geared toward providing a full-fledged answer for particular person retail shoppers to get DEX and CEX liquidity.
