Lumoz (formerly Opside) announced its plans to launch StableNet, a ZK-Rollup that can connect to Ethereum Virtual Machine (EVM) with unique features. The launch is scheduled for December and the announcement took place during a joint event with Polygon (MATIC) called RaaS Day.
The Polygon team has certified Lumoz as a ZK-RaaS platform. A ZK-RaaS is a service that develops ZK-Rollups (second-tier solutions) in a few clicks without the need to interact with code interfaces.
Notably, Lumoz’s StableNet will run on both the Polygon Chain Development Kit (CDK) and the Celestia Data Availability (DA). Polygon CDK allows developers to build ZK-powered layer-2 solutions, while Celestia DA is a modular blockchain that enables integrations with multiple roll-ups and Ethereum-based decentralized applications (DApps).
StableNet features
According to a document Lumoz shared with Finbold on November 21, StableNet is a “modern ZkEVM built on Ethereum (ETH).” The launch company also presented some future visions of its ZK-Rollup solution.
Interestingly, the network gas fees will be priced and paid in the stablecoin Circle USD (USDC). StableNet will also have an “optimized economic gas model,” and Lumoz claims that “all gas fee revenue generated on StableNet will be reinvested back into the community.” Within the community, the team consists of DApps developers, Liquidity Providers (LPs) and regular users.
Another feature worth mentioning is that StableNet will have a “Cross-Rollup Communication”. Essentially, StableNet will allow addresses to interact with Ethereum’s smart contracts, such as Aave (AAVE) and Uniswap (UNI).
“This is a significant milestone for Lumoz as it is the first rollup using Polygon CDK to go live, while also receiving official certification and support from Polygon and Celestia. We aim to offer more RaaS-related services to developers and projects in the future.”
— Alvaro Fernandez, COO of Lumoz.
All told, Lumoz’s announcement underlines a major advancement in ZK-Rollup technology and blockchain innovation.
