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Lumia Announces Testnet Launch and User Quest Program

Sep 23, 2024
  1. Testnet Launch
  2. Lumia Quest Program
  3. Significance for DeFi and RWAs Future

Lumia has announced the launch of its testnet and user quest program, enabling developers and users to explore various elements ahead of the mainnet launch.

Testnet Launch

Lumia’s testnet allows builders and users to start exploring elements like the faucet, bridge, explorer, and sequencer ahead of the mainnet launch. The testnet is expected to attract developers and users wishing to experiment with the infrastructure components of the Lumia L2 ecosystem. Recently, more than 25,000 HyperNodes were purchased by community members and investors, drawing interest to the network.

Lumia Quest Program

The testnet launch will be accompanied by a quest program allowing users to earn points for completing simple tasks and learning about core Lumia features. In addition to completing quests, users will have the opportunity to accumulate points by creating original content. Kal Ali, Core Contributor at Lumia Foundation, said: 'We are excited to offer builders and users the opportunity to explore our cutting-edge Layer 2 infrastructure through this testnet campaign. It’s a critical step in bringing our vision for RWAs and DeFi to life.'

Significance for DeFi and RWAs Future

Aligned with Lumia’s vision to seamlessly connect Real World Assets (RWAs) with the power of blockchain technology, the testnet will engage developers worldwide, while offering social mining rewards with potential future benefits. The platform is optimized to enhance capital efficiency and is one of the first rollups built on Polygon designed specifically for RWAs, supporting tokenized assets including real estate, commodities, art, equities, and financial indexes. As traditional assets become tokenized, liquidity solutions like Lumia’s Layer 2 infrastructure will play a pivotal role in connecting tokenized assets to the broader DeFi ecosystem. The RWA market is expected to grow into a multi-trillion-dollar sector, and platforms like Lumia are well-positioned to lead this evolving space.

The release of the testnet brings Lumia’s L2 network closer to the mainnet launch, providing opportunities for early adopters to explore its features and participate in the quest program.

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