What is Lumina DEX? Lumina DEX is a project born with the purpose of becoming the center of the Mina ecosystem. The project has many differences and is invested by large investors such as Jump Crypto, O1Labs, Mina Protocol, Big Brain Holdings.
So what is Lumina DEX? Let’s find out in this article!
Lumina DEX Overview
What is Lumina DEX?
Lumina DEX is a Rollup layer on Mina Protocol, leveraging technology from Layer 1 Mina to develop products that support DeFi. Lumina DEX is Layer 2 using Sequencer and built using Zeko Stack’s toolkit Zeko Labs.
Lumina DEX develops products such as trading with an order book, transferring money, creating a completely anonymous liquidity pool. After users deposit money into Layer 2 Lumina, they will lose their traces on the platform until they withdraw to Layer 1 Mina.
Lumina DEX supports creating Pool Operators to create AMM and CLOB (money transfer) markets. Pool creators must deposit a minimum amount according to regulations. When the Pool does not operate normally or causes damage, the community can cut off the stake through the DAO.
To interact with Lumina, users need to perform KYC. With Mina’s zk password, users’ identities will be kept secure and no one can intrude. Being anonymous but requiring KYC is friendlier to governments and makes investigating harmful accounts easier.
But another problem is that KYC will not be user-friendly as well as a bit complicated.
Mechanism of action
First, to interact with Lumina DEX, users need KYC, identity verification is extremely important for Lumina DEX. Because Lumina provides anonymous services, ensuring user privacy but requires KYC to comply with legal regulations. User information during KYC is protected by Mina’s zk password, so there is no need to worry about personal information.
Then send assets from Layer 1 Mina to Layer 2 Lumina DEX. With Lumina DEX, users can trade assets and transfer money completely anonymously. After interacting with Lumina DEX, users can withdraw money to Layer 1 Mina like other Layer 2s.
Lumina DEX’s difference
- The power of Layer 2: Lumina DEX is Layer 2 using Rollup technology, so it brings much higher scalability and speed than Mina Protocol.
- Privacy: The market has not yet solved the privacy problem, Lumina DEX provides privacy for transactions and asset transfers.
- Legal friendly: Although users are anonymous when using Lumina, they need to KYC before using to use when necessary.
- Ideal platform for businesses: With anonymous order books or anonymous money transfers, it is suitable for organizations and RWA assets.
Development Roadmap
Update…
Core Team
Evan Kereiakes: Founder
- In 2006, Evan successfully obtained a degree in Mechanical engineering from the University of Illinois Urbana-Champaign, then he continued to complete the Master of Engineering Management program at Duke University. Finally, he graduated with a Master’s degree in Business Administration from the University of Chicago in 2011.
- In 2010, Eva worked as an intern as an economic policy advisor at the White House.
- In 2012, he worked as an economic analyst for the US Treasury Department.
- Evan spent more than 7 years working at the Federal Reserve Bank of New York holding positions such as trader analyst, cross market supervisor, trading associate, international markets, department head Japanese portfolio manager and director of foreign trade and international market operations.
- In 2018, Avan worked as a Blockchain researcher for Terraform Labs.
- In 2019, Evan moved to be Head of Asia Ecosystem and Alliance at cLabs.
- In 2021, Evan Kereiakes serves as Chief Executive Officer for Ubeswap, an AMM DEX on Blockchain Layer 1 Celo.
- In 2022, Evan moves to the position of Chief Operating Officer at Node Finance.
- Currently, he is the founder of Lumina DEX.
Investors
August 23, 2023: Strategic round received investment from investors such as Jump Crypto, O1Labs, Mina Foundation, Big Brain Holdings.
Tokenomics
Update…
Exchanges
Update…
Lumina DEX Information Channel
- Website: https://luminadex.com/
- Twitter: https://twitter.com/LuminaDEX
- Blog: https://medium.com/luminadex
- Telegram:
Summary
Lumina DEX is a Layer 2 built to be the liquidity center for Mina Protocol. Lumina supports transactions with anonymous order books like Dark Pool like traditional markets and anonymous money transfers but still meets legal requirements as well as prevents bad actors through KYC.
Lumina DEX received investment from prominent faces such as Jump Crypto and Mina Foundation. Especially the project was developed by a team with extensive experience in the market and has worked in large organizations such as Terraform Labs, Celo, Facebook,…
So I have clarified what Lumina DEX is? Lumina DEX cryptocurrency overview. Hope this article gives you a lot of useful information!