Lumoz (previously Opside) introduced its plans to launch StableNet, a ZK-Rollup capable of join with Ethereum Digital Machine (EVM) with distinctive options. The launch is ready for December, and the announcement occurred throughout a cohosted occasion with Polygon (MATIC) known as RaaS Day.
The Polygon crew licensed Lumoz as a ZK-RaaS platform. A ZK-RaaS is a service that develops ZK-Rollups (second-layer options) in a couple of clicks with out the necessity to work together with code interfaces.
Notably, Lumoz’s StableNet will run on each the Polygon Chain Improvement Package (CDK) and the Celestia Knowledge Availability (DA). Polygon CDK allows builders to construct ZK-powered layer-2 options, whereas Celestia DA is a modular blockchain that enables integrations with a number of roll-ups and Ethereum-based decentralized functions (DApps).
StableNet options
In accordance with a doc shared by Lumoz with Finbold on November 21, StableNet is a “curring-edge ZkEVM constructed on Ethereum (ETH).” The launching firm additionally introduced some futures of its ZK-Rollup answer.
Curiously, the community fuel charges shall be priced and paid within the stablecoin Circle USD (USDC). StableNet may even have an “Optimized Gasoline Financial Mannequin,” and Lumoz claims “all Gasoline payment revenue generated on StableNet shall be reinvested again into the neighborhood.” On the neighborhood, the crew contains DApps’ builders, Liquidity Suppliers (LPs), and common customers.
One other function value mentioning is that StableNet could have a “Cross-Rollup Communication.” Basically, StableNet will allow addresses to work together with Ethereum’s sensible contracts, like Aave (AAVE) and Uniswap (UNI).
“This can be a important milestone for Lumoz, being the primary rollup to make the most of Polygon CDK and go dwell, whereas additionally receiving official certification and assist from Polygon and Celestia. We aspire to supply extra RaaS-related providers to builders and initiatives sooner or later.”
— Alvaro Fernandez, COO of Lumoz.
All issues thought-about, Lumoz’s announcement underscores a significant development in ZK-Rollup know-how and blockchain innovation.