Lumia Introduction

Orion Protocol was originally designed to integrate access to centralized exchanges, decentralized exchanges, and liquidity pools from multiple sources into a user-friendly interface. This approach aims to solve the problem of cryptocurrency liquidity fragmentation, enabling users to access larger liquidity pools without switching between multiple platforms. In 2024, Orion Protocol was renamed Lumia to reflect its evolving focus and expanded scope in the decentralized finance (DeFi) space. This rebranding is accompanied by a token conversion, with ORN tokens being converted to LUMIA at a 1:1 ratio, and the total supply increasing from 92,631,255 to 238,888,888. This is not only a brand update, but also an expansion of the project's vision and functionality.

The goal of turning to Lumia is to solve the persistent problems in DeFi, especially the challenges of liquidity dispersion and inefficient capital allocation. Liquidity dispersion refers to the distribution of liquidity across multiple platforms, which limits users' opportunities to obtain the best trading conditions and reduces efficiency. By introducing an integrated liquidity layer on the Layer 2 blockchain, Lumia aims to integrate liquidity from different sources into a unified framework and achieve centralized liquidity access. This development enhances the platform's scalability, supports higher trading volumes and lower costs, and provides significant advantages for building decentralized applications on the platform.

Lumia focuses on improving liquidity accessibility and optimizing the platform to enhance developer engagement, which is closely related to its transformation to Layer 2. This approach uses advanced technology to bundle transactions, reducing the load on the main blockchain and reducing transaction costs for users. Lumia's design not only achieves more efficient utilization of resources but also provides a more streamlined and accessible DeFi environment for users and developers, expanding the possibilities for interaction.

Vision and Goals of the Project

Lumia's core method is to introduce real-world assets (RWAs) into DeFi, enabling assets such as real estate, commodities, and other tangible resources to be tokenized. This integration aims to expand the application scope of DeFi and build a bridge between physical assets and digital finance.

By integrating liquidity from centralized and decentralized sources, Lumia is committed to reducing liquidity fragmentation issues, thereby creating a more efficient and accessible DeFi environment. Lumia's focus on capital efficiency aims to lower the capital threshold for user participation in DeFi, making it more affordable and inclusive for more people.

Current status and development milestones

The testnet phase of Lumia provides a preliminary environment for developers and users to test and experience platform functionality, so as to refine and optimize before going live on the mainnet. This stage is a critical step in the development process.

After the testnet phase, Lumia is moving towards mainnet deployment. At that time, the platform will fully integrate its components and open up to a wider audience. The mainnet launch is positioned as the next key stage for expansion and adoption.

Development team and leadership

Core members and their backgrounds:

• Kal Ali- Lumia Foundation major contributors
  Kal Ali is responsible for leading the strategic direction of Lumia in the DeFi field.

• Alexey KoloskovCo-founder and CEO
  Alexey Koloskov is the co-founder of Orion Protocol, with extensive expertise in blockchain systems and finance, and continues to drive the development of Lumia.

• U-Chyung LimChief Business Development Officer
  U-Chyung Lim is responsible for Lumia's business development, focusing on strategic partnerships and market growth.
  The team behind Lumia is composed of professionals with rich experience in blockchain technology, financial systems, and strategic business growth, supporting Lumia in achieving the goal of improving liquidity and integrating real-world assets (RWA).

Highlights

• Lumia has been renamed from Orion Protocol to address liquidity and scalability issues in DeFi.
• Lumia's goal is to integrate real-world assets (RWAs) into DeFi.
• The launch of the test network provides a controlled environment for optimizing Lumia functionality.
• The main network deployment plan aims to extend Lumia's capabilities to a wider user base.
• The core team members include Kal Ali, Alexey Koloskov, and U-Chyung Lim, who have deep professional knowledge in the blockchain and financial fields.