Lumoz introduces StableNet, ZK-Rollup powered by Polygon CDK and Celestia DA

Lumoz, a platform previously known as Opside, has unveiled its new ZK-Rollup technology named StableNet, slated for a December release. This development was shared during RaaS Day, an event co-hosted with Polygon.

StableNet, designed as a zkEVM on Ethereum, introduces innovative features to the blockchain space. It will use the USDC stablecoin for transaction fees, a move that prices gas fees in a stable currency, aiming to provide consistency in transaction costs.

The platform is built on the Polygon CDK (Consensus Development Kit) and incorporates Celestia’s Data Availability (DA) solutions, positioning itself as a pioneer in the mainnet zkEVM arena. Lumoz’s integration with these technologies is a crucial step in ZK-Rollup development.

In addition to these features, StableNet will facilitate cross-rollup communications, allowing Layer 2 addresses to interact with contracts on Ethereum’s main layer, including popular protocols like AAVE and Uniswap. This could help improve interoperability within the DeFi ecosystem.

A notable aspect of StableNet is the introduction of a decentralized prover network, which aims to provide stable and reliable zero-knowledge proof (ZKP) computations—a key component of ZK-Rollup technology.

Moreover, StableNet will adopt an optimized gas economic model where all gas fee income is reinvested into the platform’s community, benefiting developers, liquidity providers, and users.

Alvaro Fernandez, COO of Lumoz, highlighted the platform’s achievement as the first to utilize Polygon CDK and Celestia’s support, with ambitions for Lumoz to expand its services to developers and other projects.

“This is a significant milestone for Lumoz, being the first rollup to utilize Polygon CDK and go live, while also receiving official certification and support from Polygon and Celestia. We aspire to offer more RaaS-related services to developers and projects in the future” he added.

Lumoz is recognized for its ZK-RaaS (Zero-Knowledge Rollup as a Service) capabilities, enabling the creation of ZK-Rollup app-chains without coding. Its decentralized prover network is powered by a ZK-PoW (Proof of Work) mining mechanism to support ZK-Rollup arithmetic. The company’s latest move with StableNet could reshape ZK-Rollup technology’s future.

Financefeeds.com