Lum Network launches DFract: a crypto index to invest in Comos ecosystem

Rick Steves

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.

Read this next

Digital Assets

As SPAC bubble bursts, Circle terminates its $9 billion merger with Concord

USDC stablecoin issuer, Circle has terminated its planned $9 billion SPAC merger with publicly traded blank-check company Concord Acquisition Corp.

Institutional FX

Integral reports lowest FX volume in two years

Foreign exchange trading volumes dropped in November across Integral’s trading platforms as currency markets saw a relatively quiet period after consecutive months of strong trading activity.


CDEX: Avelacom announces connectivity to Cboe Europe Derivatives

“We anticipate that many of our customers from Asia will be particularly interested in getting exposure to pan-European products via just one venue, which CEDX offers.”

Retail FX

BUX acquires Spanish Ninety Nine’s retail brokerage unit

“Thanks to this acquisition, Ninety Nine users will have access to a wide range of services provided by BUX, such as investing in Spanish, European and US stocks, ETFs, cryptocurrencies, fractional investing and the BUX Savings Plan.”

Digital Assets

SEBA and HashKey partner to expand crypto in Hong Kong and Switzerland

SEBA Bank AG has announced a new strategic partnership with HashKey Digital Asset Group as part of both firm’s expansion efforts in Hong Kong SAR. 

Executive Moves

Broadridge appoints Martin Koopman as Chief Product Officer

“Martin has a proven record of driving product innovation both at Broadridge and at previous companies. His vision and proven ability to execute will be invaluable as we become the foremost SaaS provider to the financial services industry.”

Digital Assets

DAM rolls out Moonwalkers v1 testnet ahead of support for yield-generating collateral

“We want to champion innovation by making it easier to securely direct stablecoin liquidity away from Ethereum towards newer networks without the constant vulnerabilities posed by bridges. d20 will help accelerate the adoption flywheel of emerging networks, and this is our first step towards making our omnichain promise a reality.”

Institutional FX

FIA EXPO: ICE’s Brian Norris talks ESG investment, carbon credits and market data

The FIA Futures & Options Expo, now in its 38th year, convened the listed derivatives dealers, thought industry leaders and other stakeholders for two days of networking.

Retail FX

Malaysia regulator exposes OctaFX clone, shady FB profiles

Malaysia’s financial regulator today warned online investors about the risks of following investment tips made on social-media platforms.