-
@ Arkady childe
2024-05-23 07:18:49With the rapid development of blockchain technology, major platforms are accelerating the construction and expansion of their ecosystems. In early May, Neon significantly boosted its ecosystem capabilities and development through two key initiatives: launching the Lumen Money protocol and forming a strategic partnership with Eclipse. These moves not only strengthened Neon’s market position but also brought new opportunities and functionalities to its user and developer communities.
Firstly, the launch of Lumen Money provides Neon users with a new decentralized lending platform, allowing them to borrow and lend cryptocurrencies in a trustless manner. The protocol automates the lending process through smart contracts, with interest rates determined by dynamic algorithms based on the supply and demand of various supported cryptocurrencies. Additionally, since Lumen Money is deployed on Neon EVM, it can directly access the native liquidity of the Solana ecosystem and leverage its network advantages, significantly enhancing transaction efficiency and user experience.
Secondly, the collaboration between Neon and Eclipse marks a significant breakthrough in blockchain network interoperability. This partnership successfully overcomes the compatibility barrier between EVM (Ethereum Virtual Machine) and SVM (Solana Virtual Machine) by integrating the mature technology suite, Neon Stack, developed by the core team at Neon EVM. This move not only enhances compatibility between EVM and SVM but also creates more possibilities for developers and users, driving the development and deployment of innovative applications.
Through these strategic initiatives, Neon not only strengthens its technical foundation but also provides its user and developer community with broader operational scope and more efficient tools. This demonstrates its firm commitment to advancing the forefront of blockchain technology and promoting ecosystem diversity. Below, we will briefly analyze the potential impact of launching the Lumen Money protocol and collaborating with Eclipse on Neon’s development.
Launching Lumen Money: A Revolutionary Lending Protocol Lumen Money is a brand-new decentralized finance (DeFi) platform that offers users a trustless lending environment. The core of this platform lies in its smart contracts, which automatically handle all lending activities and adjust interest rates in real-time based on market supply and demand dynamics.
Deployed on Neon EVM, Lumen Money can seamlessly integrate into the Solana ecosystem, providing platform users with native liquidity advantages while fully leveraging Solana’s network features. Utilizing the Compound Finance codebase, Lumen Money establishes a comprehensive money market, allowing Solana users to borrow and lend funds directly from its rich asset pool.
The platform employs an over-collateralized lending model, meaning borrowers need to provide assets worth more than the loan amount as collateral. This approach enhances the security of the lending process. Borrowers can deposit their crypto assets into Lumen’s lending pools and earn interest on these assets. The interest rates are determined by a utilization-based rate curve model, initially pioneered by Compound Finance.
To improve user experience and security, Lumen Money offers a diverse range of money market options, including popular assets like ETH, SOL, USDT, and USDC. Additionally, Lumen Money plans to gradually add more asset classes, including long-tail assets that can be utilized in isolated lending pools. The platform integrates top-tier oracle services like Pyth and Chainlink and implements time locks and multi-signature mechanisms for core contracts to ensure secure and reliable transactions.
Moreover, Lumen Money has introduced the Lumen Loyalty Points system to encourage user lending activities and platform engagement. These points reflect users’ contributions to the Lumen ecosystem, with a portion allocated for community airdrops and another portion used for community incentives and revenue-sharing models.
As the Neon EVM ecosystem continues to grow, Lumen Money’s participation undeniably brings broader application scenarios and deeper market engagement to the Neon platform. This not only enhances Neon’s market competitiveness but also offers its users a more diverse range of financial tools and services, showcasing Neon’s proactive stance and capability in driving blockchain financial innovation.
Neon and Eclipse Collaborate to Overcome EVM and SVM Compatibility Barriers In the rapidly evolving blockchain technology landscape, the collaboration between Neon and Eclipse marks a significant breakthrough in compatibility between two major ecosystems. Through this strategic alliance, Eclipse becomes the first platform to integrate the Neon Stack, achieving seamless compatibility between the Ethereum Virtual Machine (EVM) and the Solana Virtual Machine (SVM). This accomplishment not only enhances the technical interoperability of the two platforms but also opens up new possibilities for developers and users, significantly advancing Web3’s penetration into the mainstream market.
Eclipse leverages its unique L2 modular design, combining Solana’s high-performance processing capabilities with Ethereum’s settlement features, to create a high-performance platform capable of handling large-scale transactions. The introduction of the Neon Stack provides crucial technical support to this structure, enabling SVM-based Eclipse to support native Ethereum dApps. This technological fusion resolves the long-standing incompatibility issue between EVM and SVM, allowing developers to deploy existing Ethereum applications on Solana without the need for extensive rewrites, while benefiting from lower transaction fees and faster processing speeds.
The Neon Stack itself is a comprehensive technological solution, including key components such as the Neon EVM smart contracts and Neon Proxy. These technologies not only simplify the process of transitioning from EVM to SVM but also enable Ethereum developers to seamlessly migrate to Solana by providing standard Web3 APIs. Additionally, the Neon Stack has been running on the Solana mainnet since July 2023, confirming its stability and efficiency.
This collaboration makes Eclipse the first platform in the market to leverage the advantages of both the Ethereum and Solana ecosystems simultaneously. Neel Somani, the founder and CEO of Eclipse Labs, stated, “Through our partnership with Neon Stack, we provide a platform for Solidity developers looking to build on high-performance Layer 2 solutions to realize their vision.” This integration not only strengthens the technical collaboration between the two platforms but also provides developers with a powerful tool to expand their applications without sacrificing performance.
Davide Menegaldo, Chief Business Officer of the Neon Foundation, added, “This collaboration is not just about technical integration but also about the convergence of two powerful ecosystems, providing a seamless experience for developers and users.” This technological collaboration and development signal a move towards broader applicability and acceptance of blockchain technology, offering a possible blueprint for the development of other platforms and applications within the industry.
Over the next few months, this collaborative relationship is expected to be fully realized through multiple rounds of testing and optimization. This will not only enhance interoperability for developers and users but also drive the widespread adoption of Web3 technology. Through this unprecedented technological collaboration, Neon and Eclipse are committed to building a more open, interoperable, and efficient blockchain ecosystem.
Leading the future: Innovative protocols and strategic partnerships drive a new blockchain landscape As a witness to the continuous evolution of blockchain technology, Neon has once again demonstrated its leadership in advancing the forefront of technology and expanding the ecosystem through the launch of the Lumen Money protocol and its strategic partnership 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, potentially reshaping the way decentralized finance and application development are conducted.
However, Neon’s ambitions extend far beyond this. With the continuous maturation and expansion of the Neon EVM ecosystem, the company plans to continue driving innovation in its technology and services, aiming to become a leading platform in the blockchain space. By becoming a key player in the DeFi space with Lumen Money and accelerating blockchain interoperability through collaboration with Eclipse, Neon is steadily establishing its important position in the Web3 world.
Furthermore, as more developers and users experience the convenience and efficiency provided by Neon, the Neon EVM and its partner Eclipse will continue to be drivers of innovation, not only pushing forward blockchain technology but also building the Web3 revolution. This is just the beginning, and looking ahead, Neon is poised to lead more groundbreaking technological advancements, driving the entire blockchain industry towards broader applications and mainstream adoption.