Lumen Money Protocol is launched. A look at Neon’s recent important developments

With the rapid development of blockchain technology, major platforms have accelerated the construction and expansion of ecosystems. In early May, Neon significantly accelerated the construction and development of its own ecological capabilities through two important actions—the launch of the Lumen Money protocol and the strategic cooperation with Eclipse. These two initiatives not only strengthen Neon's market position, but also bring new opportunities and features to its users and developer community.

First of all, the launch of Lumen Money provides Neon users with a new decentralized lending platform, allowing users to lend and borrow cryptocurrencies in a trustless manner. The protocol automates the borrowing and lending process through smart contracts, with interest rates determined based on algorithms that support the supply and demand dynamics of various cryptocurrencies. In addition, due to being deployed on Neon EVM, Lumen Money is able to directly access the local liquidity of the Solana ecosystem and its network advantages, significantly improving transaction efficiency and user experience.

Secondly, the cooperation between Neon and Eclipse marks a major breakthrough in interoperability between blockchain networks. This cooperation successfully breaks the compatibility barrier between EVM and SVM by integrating Neon Stack, a mature technology suite developed by the Neon EVM core team. This move not only improves the compatibility between the Ethereum Virtual Machine (EVM) and the Solana Virtual Machine (SVM), but also creates more possibilities for developers and users, promoting the development and deployment of innovative applications.

Through these strategic initiatives, Neon not only strengthens its own technical foundation, but also provides its users and developer community with a broader operating space and more efficient tools. , demonstrating its strong commitment to pushing the forefront of blockchain technology and promoting ecosystem diversity. The following is a brief analysis of what impact the launch of the Lumen Money protocol and cooperation with Eclipse will have on the development of Neon.

Launching Lumen Money: an innovative lending protocol

Lumen Money is a brand new go-to The centralized finance (DeFi) platform provides users with a trustless lending environment. The core of the platform lies in its smart contracts, which automatically handle all lending activities and dynamically adjust interest rates in real time based on market supply and demand.

Lumen Money deployed on Neon EVM can seamlessly connect to the Solana ecosystem, which not only brings native liquidity advantages to platform users, but also Make full use of Solana's network features. Lumen Money leverages Compound Finance's code base to build a full-featured money market that allows Solana users to borrow and borrow funds directly from its rich asset library.

The platform's lending model is over-collateralized, that is, borrowers need to provide assets worth more than the borrowed amount as collateral, which increases the security of the lending process. Borrowers can deposit their crypto assets into Lumen’s lending pool and earn interest income on those assets, with interest rates determined through a utilization-based interest rate curve model pioneered by Compound Finance.

In order to improve user experience and security, Lumen Money provides diversified currency market options, including popular assets such as ETH, SOL, USDT, and USDC. In addition, Lumen Money plans to gradually add more asset classes, including those with long-tail assets that can be used in siled lending pools. The platform also integrates top oracle services such as Pyth and Chainlink, and adds time locking and multi-signature mechanisms for core contracts to ensure the security and reliability of transactions.

In addition, Lumen Money has launched the Lumen loyalty points system to encourage users’ lending activities and interaction with the platform. These points reflect users’ contributions to the Lumen ecosystem, with a portion of the points being used for community airdrops and the other portion being used for community incentives and revenue sharing models.

As the Neon EVM ecosystem continues to grow, the addition of Lumen Money will undoubtedly bring wider application scenarios and deeper market participation to the Neon platform. This not only enhances Neon's market competitiveness, but also provides its users with more diverse financial tools and services, demonstrating Neon's positive attitude and ability to promote blockchain financial innovation.

Neon and Eclipse cooperate to break through the compatibility barrier of EVM and SVM

In blockchain technology Today, with increasing development, the cooperation between Neon and Eclipse marks a major breakthrough in compatibility between the two ecosystems. Through this strategic alliance, Eclipse becomes the first platform to integrate Neon Stack, achieving seamless compatibility between Ethereum Virtual Machine (EVM) and Solana Virtual Machine (SVM). This achievement not only improves the technical interoperability of the two platforms, but also opens up new possibilities for developers and users, greatly promoting the penetration of Web3 into the mainstream market.

Eclipse leverages its unique L2 modular design, combining Solana's high-performance processing capabilities and Ethereum's settlement features to create a platform capable of handling large-scale transactions. High performance platform. The introduction of Neon Stack provides important technical support for this structure, enabling SVM-based Eclipse to support native Ethereum dApps. This fusion of technologies solves the long-standing incompatibility issue between EVM and SVM, allowing developers to deploy on Solana without rewriting existing Ethereum applications while enjoying lower transaction fees and faster processing speeds .

Neon Stack itself is a comprehensive technical solution, including key components such as Neon EVM smart contracts and Neon Proxy. These technologies not only simplify the conversion process from EVM to SVM, but also enable original Ethereum developers to seamlessly migrate to Solana by providing standard Web3 APIs. In addition, the operation of Neon Stack has been online on the Solana mainnet since July 2023, confirming its stability and efficiency.

This partnership makes Eclipse the first platform on the market to leverage the benefits of both the Ethereum and Solana ecosystems. Neel Somani, Founder and CEO of Eclipse Labs said: "By partnering with Neon Stack, we provide Solidity developers who want to build on high-performance Layer 2 solutions with the platform to realize their vision." This integration It not only strengthens the technical cooperation between the two platforms, but also provides developers with a powerful tool so that they can expand their applications without sacrificing performance.

Davide Menegaldo, chief commercial officer of the Neon Foundation, added: "This collaboration is not just about technology integration, but the merging of two powerful ecosystems to develop "This kind of technology collaboration and development heralds the move towards wider applicability and acceptability of blockchain technology, providing a possibility for other platforms and applications in the industry." Development blueprint.

It is expected that in the coming months, this partnership will be fully realized through multiple rounds of testing and optimization, which will not only enhance developers and users Interoperability will also promote the large-scale adoption of Web3 technology. Through this unprecedented technical cooperation, Neon and Eclipse work together to build a more open, interoperable and efficient blockchain ecosystem.

Leading the future: innovative protocols and strategic cooperation promote a new blockchain landscape

As a district Witnessing the continuous evolution of blockchain technology, Neon has once again proven its leadership in pushing the technological frontier and expanding the ecosystem by launching the Lumen Money protocol and strategic cooperation with Eclipse. These initiatives not only bring technological innovation and market advantages to Neon, but also open up new possibilities and opportunities for users and developer communities, which are expected to reshape the way decentralized finance and application development are done.

Nonetheless, Neon’s goals go far beyond that. As the Neon EVM ecosystem continues to mature and expand, the company plans to continue to promote innovation in its technology and services, with the goal of becoming a leading platform in the blockchain field. With Lumen Money becoming a key player in the DeFi space and working with Eclipse to accelerate compatibility between blockchains, Neon is taking steps to establish itself as an important player in the Web3 world.

In addition, as more developers and users experience the convenience and efficiency provided by Neon, Neon EVM and its partner Eclipse will continue to serve as drivers of innovation Power is not only a promoter of blockchain technology, but also a builder of the Web3 revolution. This is just the beginning. Looking forward to the future, Neon is expected to lead the implementation of more breakthrough technologies and promote the entire blockchain industry towards wider application and popularization.