Token

DeFi

USDC

Neon EVM

<div class="smartliquidity">
 <h3 id="em-segment-introduces-lumen-money-a-decentralized-lending-and-borrowing-platform-built-on-neon-evm-the-protocol-operates-peer-to-peer-eliminating-the-need-for-intermediaries-such-as-banks-or-traditional-financial-institutions-em"><em>Segment introduces Lumen Money a decentralized lending and borrowing platform built on Neon EVM. The protocol operates peer-to-peer, eliminating the need for intermediaries such as banks or traditional financial institutions.</em></h3>
 <p class="max-w-3xl w-full mx-auto decoration-primary/6 page-api-block:ml-0">Lumen Money aims to be the prime lending platform within the Neon EVM Ecosystem by offering the highest competitive incentives for money markets and having the deepest liquidity.</p>
 <h4><span class="OYPEnA text-decoration-none text-strikethrough-none">What advantages does this update offer to Segment investors?</span></h4>
 <p><span class="OYPEnA text-decoration-none text-strikethrough-none">Firstly, Segment Finance users will have the opportunity to be among the first supporters/members of the Lumen Money protocol. It’s always advantageous to be an early adopter!</span></p>
 <p><span class="OYPEnA text-decoration-none text-strikethrough-none">Secondly, Lumen Money is set to <a rel="noopener noreferrer nofollow" title="introduce" href="https://thebittimes.com/tag/introduce.html">introduce</a> a Loyalty Program that tracks users’ on-chain contributions through a points system. Initially, the program will focus on fundamental actions like Supplying-Borrowing Assets on Lumen. Nevertheless, additional parameters and multipliers will be incorporated into the program, with Segment investors receiving priority in these enhancements.</span></p>
 <p><span class="OYPEnA text-decoration-none text-strikethrough-none">Every successful move made by Lumen will indirectly benefit the Segment by enhancing market visibility, liquidity, or investment.</span></p>
 <p>At its launch, Lumen Money will support a selection of high-liquidity money markets, featuring incentives that dynamically adapt in response to market conditions:</p>
 <ul>
  <li>ETH</li>
  <li>SOL</li>
  <li>USDC</li>
  <li>USDT</li>
 </ul>
 <h4><span class="OYPEnA text-decoration-none text-strikethrough-none">Lumen Money Key Features.</span></h4>
 <ol>
  <li><strong class="font-bold">Decentralized and Trustless<br> </strong><span class="OYPEnA text-decoration-none text-strikethrough-none">Lumen Money uses blockchain technology, particularly smart contracts, to establish a decentralized lending ecosystem on a public blockchain for transparent, secure, and immutable transactions and user data.</span></li>
  <li><strong class="font-bold">Borrowing and Lending<br> </strong><span class="OYPEnA text-decoration-none text-strikethrough-none">Lumen Money enables cryptocurrency borrowing and lending where users can request loans by collateralizing their digital assets and lenders can offer loans by locking assets into the liquidity pool.</span></li>
  <li><strong class="font-bold">Collateralized Loans<br> </strong><span class="OYPEnA text-decoration-none text-strikethrough-none">Lumen Money uses a collateralized lending model where borrowers provide digital assets as collateral, reducing risk for lenders and enabling borrowers to access funds without a credit check or extensive documentation.</span><strong class="font-bold"><br> </strong></li>
  <li><strong class="font-bold">Isolated Pools<br> </strong><span class="OYPEnA text-decoration-none text-strikethrough-none">Isolated Pools offer customized risk management for independent asset collections, allowing users to mitigate risks and earn yield without one market’s failure affecting others.</span></li>
  <li><strong class="font-bold">Smart Contracts<br> </strong><span class="OYPEnA text-decoration-none text-strikethrough-none">Lumen Money uses smart contracts for automated lending, acting as agreements between borrowers and lenders. These contracts hold collateral and release it upon loan repayment.</span></li>
  <li><strong class="font-bold">Interest Rates and Terms<br> </strong><span class="OYPEnA text-decoration-none text-strikethrough-none">Lumen Money provides flexible interest rates based on platform supply and demand. Lenders set rates, borrowers choose offers, and loan terms are customizable.</span></li>
  <li><strong class="font-bold">Liquidation Mechanism<br> </strong><span class="OYPEnA text-decoration-none text-strikethrough-none">In case of default or under-collateralization, Lumen Money uses automated liquidation to repay lenders if collateral value drops below a threshold, ensuring fund safety and deterring loan defaults.</span></li>
  <li><strong class="font-bold">Integration and Interoperability<br> </strong><span class="OYPEnA text-decoration-none text-strikethrough-none">Lumen Money aims to integrate with DeFi protocols and platforms to create an interconnected ecosystem, enhancing liquidity and asset options for borrowing and lending. Integration with DEXs and lending protocols can improve usability and accessibility of the Segment Finance platform.</span></li>
 </ol>
 <h4><strong class="font-bold">LUMEN Token</strong></h4>
 <p>$LUMEN is the limited supply, utility token for the Lumen Money Protocol. The $LUMEN token holders will be able to participate in governance and shape the future of Lumen Money, as well as determine key parameters for the interest rate model, fee rates, and the distribution of protocol fees and reserves accrued to the Lumen Money Protocol.</p>
 <h5>&nbsp;<strong>FOLLOW Segment Finance</strong></h5>
 <p><strong>Website | X&nbsp;</strong></p>
 <h5>FOLLOW Lumen Money</h5>
 <p><strong>Website&nbsp;| X&nbsp;</strong></p>
 <h5>RESOURCES</h5>
 <p><strong>Segment Finance</strong></p>
 <h5><span style="color: #ffff99;"><strong>REQUEST AN ARTICLE</strong></span></h5>
</div>
<div class="single_metas d_flex">
 <div class="single_metas_title">
  Tags:
 </div>
 <div class="single_metas_items">
  #LUMEN #LUMENMONEY #SEF #SEGMENT #SEGMENTFINANCE
 </div>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/segment-introduces-lumen-money-tbt85453.html">https://thebittimes.com/segment-introduces-lumen-money-tbt85453.html</a></p>

Segment introduces Lumen Money

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