Lum Network launches DFract: a crypto index to invest in Comos ecosystem
Lum Network announced the first projects included in DFract are Cosmos Hub ($ATOM), Osmosis ($OSMO), Juno ($JUNO), Evmos ($EVMOS), Comdex ($CMDX), Lum Network ($LUM), Akash ($AKT), Sentinel ($DVPN), Crescent ($CRE), Ki ($XKI), Stargaze ($STARS).
Lum Network has launched a new DeFi product built on top of its blockchain for the Cosmos ecosystem: DFract $DFR
DFract is being labeled the first crypto index of the Cosmos ecosystem. Designed for multichain ecosystems, it allows its users to be exposed to a basket of tokens that represent the Cosmos Ecosystem.
The Cosmos ecosystem boasts more than 250 apps and over $61 billion in assets, but managing multiple projects on the Cosmos ecosystem requires monitoring hundreds of operations on a monthly basis, which discourages retail investors.
Enter Lum Network with its crypto index DFract, which automatically exposes retail users to Cosmos projects, selected for their innovation, community and performance.
Sarah-Diane Eck, Founder of Lum Network, said: “The Cosmos ecosystem is a true gem composed by amazing builders. At Lum, we are hard working on its adoption with this new product with a simple interface and user experience.”
DFract is a Protocol Owned Liquidity (POL) build on Cosmos
DFract protocol is a Protocol Owned Liquidity (POL) built on Cosmos, meaning that the treasury belongs to the protocol and the holders of the protocol’s tokens. The role of the POL is to grow the treasury so that every stakeholder can benefit from it.
In addition to the diversification, users earn infrastructure revenue from the protocol. On top of this exposure, staking $DFR also gives users a share of the revenues made by the protocol and also make them eligible for Cosmos airdrops. It is a low cost and convenient way for an investor to gain broader exposure to the Cosmos ecosystem in a single token.
Lum Network announced the first projects included in DFract are Cosmos Hub ($ATOM), Osmosis ($OSMO), Juno ($JUNO), Evmos ($EVMOS), Comdex ($CMDX), Lum Network ($LUM), Akash ($AKT), Sentinel ($DVPN), Crescent ($CRE), Ki ($XKI), Stargaze ($STARS).
DFract will provide a network of nodes and will work for decentralization in every chain it will invest in. DFract will provide IBC relaying services to participate in the well operating system of Cosmos.
The crypto index has found support from the Interchain Foundation and the validator Imperator that operates 36 networks, has +48M total staked assets and more than 90 000 customers worldwide.
