Lumia Opens New Layer 2 Solution for Real-World Assets

 To increase Real-World Assets’ liquidity and make them more accessible to the public, Lumia has launched a new Layer 2 network solution.

Lumia has launched its layer 2 network, designed for Real-World Assets (RWAs). The objective of this novel solution is to enhance the liquidity of these assets and facilitate their accessibility. This also provides individuals with novel methods of utilizing tokenized assets.

The solution that was recently introduced is intended to optimize the utilization of capital, rendering it one of the first of its kind to be developed explicitly for RWA. The network will facilitate the development of tokenized assets that represent a variety of real-world assets, including equities, real estate, art, and financial indexes.

Utilizing Polygon’s AggLayer to Improve the User Experience and Accelerate Transactions

By employing ZK proof, Lumia utilizes the Polygon AggLayer to facilitate rapid transactions across various blockchain networks. This approach enhances the user experience by reducing loading times.

The Lumia Stream, which combines the most liquid centralized and decentralized exchanges into a single decentralized location, was developed to address liquidity challenges. Consequently, it enables users and protocols to access substantial liquidity pools readily.

Furthermore, Lumia Stream is establishing a new channel for liquidity providers to enhance their capital efficiency. For example, the Lumia Stream module managed $8 million in trading volume on the 1-inch RFQ platform with less than $30,000 in deployed capital across 28 distinct assets, according to the project team.

The Lumia team has disclosed that the launch of the Lumia’s mainnet will result in the renaming and swapping of the existing $ORN token, which is already listed on major exchanges such as Binance, KuCoin, and OKX, to the $LUMIA token. Within the Lumia network, the LUMIA token will serve various purposes, including payment of transaction fees and rewards for node administrators.

Partners and service providers who have already registered are participating in Lumia’s layer 2 network launch. Additionally, a grant program will be implemented during the launch to assist developers in expanding the network.

Lumia is establishing itself as a pioneer in integrating digital finance with physical assets. This will simplify the process of tokenizing and trading assets on the blockchain, thereby facilitating the next significant finance transformation.

Establishing a Decentralized Ecosystem and Launching the $ORN HyperNodes

The blockchain firm will commence its $ORN HyperNodes sale on July 18, in addition to the Lumia layer 2 network launch. These HyperNodes significantly influence Lumia’s liquidity ecosystem.

The HyperNodes also offer licenses that can be utilized to delegate to DAC (Decentralized Autonomous Company) and DNLP (Decentralized Node Liquidity Provider) node operators. This system establishes a harmonious ecosystem in which the nodes and the users of the nodes collaborate and make significant contributions to the health and expansion of the Lumia network. Additionally, they are compensated for their contributions.

Lumia is committed to ensuring that its Layer 2 network is as decentralized as feasible, and the HyperNodes are essential to this endeavor. This decentralization enhances the network’s security, transparency, and resilience to attacks or issues. Users have the option to engage with the HyperNodes ecosystem in a variety of ways, such as delegating to DAC or Liquidity Nodes, joining Node Owned Liquidity, operating DNLP or DAC Nodes, or unlocking rewards, to increase their involvement and earn additional rewards.