SPECIAL SALE ON GEMPAD 📈

Lumin Finance's special sale is taking place today at 4pm UTC!

Set your alarms and don't miss it.

✅ Special sale link: https://gempad.app/special/0xe15b3F708E3F88A4468FdFc74382A976Ce9f9EDA?chainId=42161

INTRODUCTION 🔥

Lumin Finance is a decentralised peer-to-peer fixed rate lending and borrowing protocol.

It's powered by the $LUMIN token and will be governed by a DAO structure.

Lumin is bringing together the best elements of traditional finance and the technical sophistication of Web3 and cryptocurrencies to offer solutions that allow you to fully control your finances and exchange value between two parties privately and securely.

Additional unique aspects of the platform include fee sharing, buyback-and-distribute and buyback-and-burn.

Each loan is individualised, meaning it's not affected by any other loans facilitated on the platform. The protocol will make us of NFT technology as a vehicle to hold the loan. This allows the loan to be tradable on Lumin's marketplace.

PLATFORM FEATURES 💵

LENDING

You have an amount of capital you want to put to work, earn a return from. You can post your capital to your account and offer it out at a rate or rates you decide.

Firstly you set the rate. These are fixed rates between 2% and 12% for the duration of the loan. You can deposit all at one rate or break it down and offer different rates. There is no minimum amount required to be deposited.

You now set the length of the loan. This is done in 30 day terms. Minimum 30 days, maximum 300 days.

You can specify differing loan durations and fixed interest rates on your deployed capital.

Whilst waiting for your loans to be picked up by a borrower, you can also earn from the unused deposit being used as liquidity for the Lumin Protocol.

So whatever happens, all your funds can be rewarding, regardless of the loan being accepted.

BORROWING

Lumin Finance offers flexible loan amounts and durations that will offer the borrower plenty of options, no minimum or maximum borrow amount.

Minimum duration 30 days, maximum 300 days, just like with lending.

20% of the total $LUMIN token supply is allocated to incentivise borrowers. These tokens are emitted daily and the rewards are shared between active borrowers.

There are requirements that a borrower needs to adhere to. All loans are over-collateralised. Depending on the collateral you provide, the protocol requires a minimum of 120% collateral plus a 10% buffer zone. The buffer zone is to protect borrowers from short-term price changes.

Borrower can now borrow assets up to a value of $10,000 and must maintain the 120% collateral ratio, otherwise they can be liquidated.

The borrower can either choose a loan that is available and set by the current lenders or alternatively, the borrower can post an offer in Lumin's chat box and see if it’s something a lender is interested in posting.

Borrowers can add and remove collateral at any time, provided their collateral is at least at the collateral plus safety collateral level.

LIQUIDATIONS

Liquidation can be triggered by any user of the platform that is staking $LUMIN worth at least 25% of the total interest on the loan. Borrowers can prevent liquidation by increasing their collateral. This incentivises staking the $LUMIN token as the more you stake, the more you are able to participate in liquidation situations. This does not apply when liquidating your own loan.

COLLATERAL

The team from Lumin Finance will offer you the most used assets relevant to the Arbitrum blockchain to get started - ETH, ARB, USDC, USDT. All of these assets can be used as collateral. Each has a different collateralisation ratio.

DEPOSITS

All assets on the platform are paid from and received to the user’s deposit account. Every user can deposit assets into the protocol’s contract, and withdraw their assets from the contract. These assets can be freely used, be it for provisioning or repaying loans, paying interest, allocating collateral, paying fees and receiving fee shares from $LUMIN staking.

STAKING

Users can stake Lumin's native token $LUMIN. In return they receive a share of the platform fees.

$LUMIN can be locked for a duration of 1-10 terms. You will be able to "auto-extend" the duration, which keeps on locking for 10 terms. Every 30 days, the amount of terms left to lock are decreased.

BUY-BACK AND BURN

25% of all platform fees are used to buy $LUMIN which is then burned. Combined with other elements, this function ensures the tokenomics of the $LUMIN token stay stable.

BUY-BACK AND DISTRIBUTE

25% of all platform fees are used to buy $LUMIN, the tokens are then distributed between the active borrowers. These $LUMIN tokens are automatically staked on the borrowers’ behalf.

BORROWER INCENTIVISATION

$LUMIN reserves 20% of the total $LUMIN supply for borrower incentivisation, which will act as a flywheel to bring active usage to the platform. These 2,000,000 tokens are emitted daily.

The initial distribution is as follows:

• Every day, all active loans are rewarded with $LUMIN

• Borrowers get the same dollar value of $LUMIN tokens every day, equal to their daily interest value

• The maximum daily emission of $LUMIN is 500 $LUMIN and the DAO will govern the emissions in the future.

• Surplus $LUMIN tokens that cannot be distributed, are burned

• Distributed $LUMIN tokens are staked and locked for 6 months

TOKEN DISTRIBUTION 📊

12.5% Liquidity
15% Fundraising
15% Marketing
15% Team & Advisors
20% Borrower Rewards
22.5% DAO decision

Total supply: 7,777,777

📱 Check them out at: https://t.me/LuminFinance

SPECIAL SALE ON GEMPAD 📈

Lumin Finance's special sale is taking place today at 4pm UTC!

Set your alarms and don't miss it.

✅ Special sale link: https://gempad.app/special/0xe15b3F708E3F88A4468FdFc74382A976Ce9f9EDA?chainId=42161

INTRODUCTION 🔥

Lumin Finance is a decentralised peer-to-peer fixed rate lending and borrowing protocol.

It's powered by the $LUMIN token and will be governed by a DAO structure.

Lumin is bringing together the best elements of traditional finance and the technical sophistication of Web3 and cryptocurrencies to offer solutions that allow you to fully control your finances and exchange value between two parties privately and securely.

Additional unique aspects of the platform include fee sharing, buyback-and-distribute and buyback-and-burn.

Each loan is individualised, meaning it's not affected by any other loans facilitated on the platform. The protocol will make us of NFT technology as a vehicle to hold the loan. This allows the loan to be tradable on Lumin's marketplace.

PLATFORM FEATURES 💵

LENDING

You have an amount of capital you want to put to work, earn a return from. You can post your capital to your account and offer it out at a rate or rates you decide.

Firstly you set the rate. These are fixed rates between 2% and 12% for the duration of the loan. You can deposit all at one rate or break it down and offer different rates. There is no minimum amount required to be deposited.

You now set the length of the loan. This is done in 30 day terms. Minimum 30 days, maximum 300 days.

You can specify differing loan durations and fixed interest rates on your deployed capital.

Whilst waiting for your loans to be picked up by a borrower, you can also earn from the unused deposit being used as liquidity for the Lumin Protocol.

So whatever happens, all your funds can be rewarding, regardless of the loan being accepted.

BORROWING

Lumin Finance offers flexible loan amounts and durations that will offer the borrower plenty of options, no minimum or maximum borrow amount.

Minimum duration 30 days, maximum 300 days, just like with lending.

20% of the total $LUMIN token supply is allocated to incentivise borrowers. These tokens are emitted daily and the rewards are shared between active borrowers.

There are requirements that a borrower needs to adhere to. All loans are over-collateralised. Depending on the collateral you provide, the protocol requires a minimum of 120% collateral plus a 10% buffer zone. The buffer zone is to protect borrowers from short-term price changes.

Borrower can now borrow assets up to a value of $10,000 and must maintain the 120% collateral ratio, otherwise they can be liquidated.

The borrower can either choose a loan that is available and set by the current lenders or alternatively, the borrower can post an offer in Lumin's chat box and see if it’s something a lender is interested in posting.

Borrowers can add and remove collateral at any time, provided their collateral is at least at the collateral plus safety collateral level.

LIQUIDATIONS

Liquidation can be triggered by any user of the platform that is staking $LUMIN worth at least 25% of the total interest on the loan. Borrowers can prevent liquidation by increasing their collateral. This incentivises staking the $LUMIN token as the more you stake, the more you are able to participate in liquidation situations. This does not apply when liquidating your own loan.

COLLATERAL

The team from Lumin Finance will offer you the most used assets relevant to the Arbitrum blockchain to get started - ETH, ARB, USDC, USDT. All of these assets can be used as collateral. Each has a different collateralisation ratio.

DEPOSITS

All assets on the platform are paid from and received to the user’s deposit account. Every user can deposit assets into the protocol’s contract, and withdraw their assets from the contract. These assets can be freely used, be it for provisioning or repaying loans, paying interest, allocating collateral, paying fees and receiving fee shares from $LUMIN staking.

STAKING

Users can stake Lumin's native token $LUMIN. In return they receive a share of the platform fees.

$LUMIN can be locked for a duration of 1-10 terms. You will be able to "auto-extend" the duration, which keeps on locking for 10 terms. Every 30 days, the amount of terms left to lock are decreased.

BUY-BACK AND BURN

25% of all platform fees are used to buy $LUMIN which is then burned. Combined with other elements, this function ensures the tokenomics of the $LUMIN token stay stable.

BUY-BACK AND DISTRIBUTE

25% of all platform fees are used to buy $LUMIN, the tokens are then distributed between the active borrowers. These $LUMIN tokens are automatically staked on the borrowers’ behalf.

BORROWER INCENTIVISATION

$LUMIN reserves 20% of the total $LUMIN supply for borrower incentivisation, which will act as a flywheel to bring active usage to the platform. These 2,000,000 tokens are emitted daily.

The initial distribution is as follows:

• Every day, all active loans are rewarded with $LUMIN

• Borrowers get the same dollar value of $LUMIN tokens every day, equal to their daily interest value

• The maximum daily emission of $LUMIN is 500 $LUMIN and the DAO will govern the emissions in the future.

• Surplus $LUMIN tokens that cannot be distributed, are burned

• Distributed $LUMIN tokens are staked and locked for 6 months

TOKEN DISTRIBUTION 📊

12.5% Liquidity
15% Fundraising
15% Marketing
15% Team & Advisors
20% Borrower Rewards
22.5% DAO decision

Total supply: 7,777,777

📱 Check them out at: https://t.me/LuminFinance