Lumen Money protocol is launched online and cooperates with Eclipse, giving you a glimpse of recent important updates of Neon.

With the rapid development of blockchain technology, major platforms are accelerating the construction and expansion of their ecosystems. In early May, Neon significantly accelerated its own ecosystem building and development through two important actions - the launch of the Lumen Money protocol and a strategic partnership with Eclipse. These two measures not only strengthen Neon's market position, but also bring new opportunities and functionalities to its users and developer community.

First of all, the launch of Lumen Money provides Neon users with a new decentralized lending platform that allows users to borrow cryptocurrencies in a trustless manner. The protocol automates the lending process through smart contracts, while the interest rate is determined by various dynamic algorithms that support cryptocurrencies. Additionally, deployed on the Neon EVM, Lumen Money has direct access to the native liquidity of the Solana ecosystem and its network advantages, significantly improving trading efficiency and user experience.

Next, the collaboration between Neon and Eclipse marks a significant breakthrough in interoperability between blockchain networks. This collaboration successfully overcomes the compatibility barriers between the Ethereum Virtual Machine (EVM) and the Solana Virtual Machine (SVM) by integrating the mature technology suite Neon Stack developed by the Neon EVM core team. This not only enhances compatibility between EVM and SVM, but also creates more possibilities for developers and users, and promotes the development and deployment of innovative applications.

Through these strategic initiatives, Neon has not only strengthened its own technical foundation, but also provided its users and developer community with a broader operational space and more efficient tools, demonstrating its firm commitment to advancing the forefront of blockchain technology and promoting ecosystem diversity. Next, let's analyze the impact of launching the Lumen Money protocol and collaborating with Eclipse on the development of Neon.

Launching Lumen Money: An Innovative Lending Protocol

Lumen Money is a new decentralized finance (DeFi) platform that provides users with 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.

Lumen Money deployed on Neon EVM can seamlessly integrate with the Solana ecosystem, bringing not only native liquidity advantages to platform users but also fully utilizing Solana's network characteristics. Lumen Money utilizes the codebase of Compound Finance to establish a comprehensive money market, allowing Solana users to directly borrow funds from its extensive asset library.

The lending model of this platform is over-collateralized, which means that borrowers need to provide assets worth more than the loan amount as collateral, increasing the security of the lending process. Borrowers can deposit their encrypted assets into the Lumen lending pool and earn interest on these assets, and the interest rates are determined by a utilization-based interest rate curve model pioneered by Compound Finance.

To improve user experience and security, Lumen Money offers a diverse range of currency market options, including popular assets such as ETH, SOL, USDT, and USDC. In addition, Lumen Money plans to gradually increase the number of asset categories, including long-tail assets that can be used in isolated lending pools. The platform also integrates top oracle machine services such as Pyth and Chainlink, and implements time locking and multi-signature mechanisms for core contracts to ensure the security and reliability of transactions.

In addition, Lumen Money has launched the Lumen Loyalty Points system, which encourages user lending activities and interaction with the platform. These points reflect users' contributions to the Lumen ecosystem, with a portion of the points used for community airdrops and the rest for community incentives and revenue sharing models.

With the continuous growth of the Neon EVM ecosystem, the addition of Lumen Money undoubtedly brings a wider range of application scenarios and deeper market participation to the Neon platform. This not only enhances Neon's market competitiveness but also provides its users with more diversified financial tools and services, demonstrating Neon's positive attitude and ability in promoting blockchain financial innovation.

Neon breaks through the compatibility barrier between EVM and SVM in collaboration with Eclipse.

In today's increasingly developed blockchain technology, the collaboration between Neon and Eclipse marks a significant breakthrough in compatibility between the two 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 Solana Virtual Machine (SVM). This achievement not only enhances the technical interoperability of the two platforms but also opens up new possibilities for developers and users, greatly promoting the penetration of Web3 into mainstream markets.

Eclipse utilizes its unique L2 modular design, combined with Solana's high-performance processing capabilities and Ethereum's settlement features, to create a high-performance platform capable of handling large-scale transactions. The introduction of the Neon Stack provides important technical support for this structure, enabling Eclipse based on SVM to support native Ethereum dApps. This technological fusion solves the long-standing compatibility issue between EVM and SVM, allowing developers to deploy existing Ethereum applications on Solana without rewriting them, while enjoying lower transaction costs and faster processing speeds.

Neon Stack itself is a comprehensive technical solution, including key components such as Neon EVM smart contracts and Neon Proxy. These technologies not only simplify the conversion process from EVM to SVM, but also enable existing Ethereum developers to seamlessly migrate to Solana by providing a standard Web3 API. In addition, 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. Neel Somani, Founder and CEO of Eclipse Labs, said, "Through our partnership with Neon Stack, we are providing a platform for Solidity developers who want 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 scale their applications without sacrificing performance.

"The Chief Business Officer of Neon Foundation, Davide Menegaldo, added: 'This collaboration is not only about technical integration, but also the fusion of two powerful ecosystems, providing developers and users with a seamless experience.' This collaboration and the development of this technology signify a step forward towards wider applicability and acceptance of blockchain technology, offering a possible development blueprint for other platforms and applications in the industry."

In the coming months, this partnership is expected to be fully realized through multiple rounds of testing and optimization. This will not only enhance interoperability between developers and users but also promote the widespread adoption of Web3 technology. Through this unprecedented technological collaboration, Neon and Eclipse are jointly committed to building a more open, interoperable, and efficient blockchain ecosystem.

Leading the Future: Innovation Protocols and Strategic Cooperation Promote the New Pattern of Blockchain

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 strategic cooperation 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, with the potential to reshape the way decentralized finance and application development are conducted.

Although this is the case, Neon's goals go far beyond this. As the Neon EVM ecosystem continues to mature and expand, the company plans to continue driving innovation in its technology and services, with the aim of becoming a leading platform in the blockchain field. By becoming a key player in the DeFi field through Lumen Money and collaborating with Eclipse to accelerate blockchain interoperability, Neon is steadily building its important position in the Web3 world.

In addition, as more developers and users experience the convenience and efficiency provided by Neon, Neon EVM and its partner Eclipse will continue to be drivers of innovation, not only promoting blockchain technology, but also builders of the Web3 revolution. This is just the beginning, looking to the future, Neon is expected to lead more groundbreaking technological advancements, promoting the wider application and popularization of the entire blockchain industry.