Recently, we’ve seen Orion evolve into Lumia (https://orion.xyz/lumia/), a groundbreaking protocol that seamlessly connects Layer 1 (L1) and Layer 2 (L2) networks, offering boundless liquidity from both centralized exchanges (CEX) and decentralized exchanges (DEX). Lumia’s mission is to become a trusted source of liquidity in the crypto ecosystem.
What Problem Does Lumia Solve?
The DeFi market faces a significant challenge: even major DEXs like Uniswap rely heavily on liquidity providers (LPs), meaning they cannot function without them. The traditional DeFi 1.0 model is prone to liquidity shortages, highlighting the need for innovative solutions like Lumia.
Lumia’s Unique Offer to DEXs: Lower Costs and Enhanced Liquidity Lumia proposes an enticing model for DEXs to access CEX liquidity at more favorable rates:
- Lumia Liquidity Network Fee: 0.15%
- Uniswap LP Commission: 0.30%
This model opens up opportunities to reward $UNI stakers and increase exchange profitability without raising fees for users.
$ORN Token and Its Future on Lumia It’s worth noting that the project’s native token, $ORN (https://dropstab.com/ru/coins/orion-protocol), is traded on major exchanges like Binance, Coinbase, KuCoin, etc. There’s a strong possibility that the team will announce the token’s migration to the Lumia platform, which could positively impact $ORN’s price.
Lumia stands out as a pivotal development in the DeFi landscape, offering a sustainable solution to liquidity challenges. By bridging the gap between L1 and L2 networks and integrating CEX liquidity, Lumia is poised to enhance the DeFi experience for users and liquidity providers alike. Keep an eye on Lumia for future developments that could reshape the DeFi space.