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Home Cryptocurrency

Infinit introduces ‘DeFi Abstraction Layer,’ announces Babylon Mainnet launch in phases this week

August 19, 2024
in Cryptocurrency
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Schematic from Artela's new whitepaper illustrating the parallel storage architecture (Artela Team)
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Lumia, a self-described “next-gen, ultra capital efficient, hyper-liquid restake layer 2 rollup,” has revealed a strategic fundraising round led by Laser Digital, Nomura’s digital asset arm, with involvement from notable investors such as DWF Labs and TRGC. The team states: “This round marks a significant milestone for Lumia as it surpasses 25,000 nodes sold, a key step in its mission to transform DeFi and Real-World Assets (RWAs) integration. The raised funds will aid in the advancement of Lumia’s innovative layer-2 solution and liquidity infrastructure, aiming to establish new benchmarks in the industry by enhancing the integration and utility of RWAs on the blockchain.” The exact terms of the fundraising have not been disclosed. According to project documentation, Lumia is constructed with a “cutting edge tech stack” that includes: “PolygonCDK, NearDA and private DAC, Polygon AggLayer, EigenLayer AVS, Account Abstraction and more, thanks to collaborative development efforts between GatewayFM (RaaS) and Lumia’s tech team.” Lumia will feature its “own custom private Data Availability Committee (DAC), own liquidity network (a.k.a Lumia Stream), decentralized sequencers, fast finality and validity proofs for a secure and decentralized Web3 experience.”



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Tags: AbstractionAnnouncesBabylonBitcoinBlockchainBlockchain TechnologyDeFiEthereumEVMInfinitIntroducesLaunchLayerMainnetphasesProtocol VillageTechThe ProtocolWeek
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