Lum Network

Prize-Linked Savings Accounts (PLSAs) and no-loss mechanisms have been gaining traction in the broader DeFi space. Pool Together, built on Ethereum, is the best example. It attracted 60,348 users (unique wallets) on January 14th 2023, highlighting its popularity despite the bear market.

Cosmos Millions is a PLSA protocol that capitalizes on this trend by bringing an exciting and rewarding experience to the Cosmos ecosystem. When users deposit their tokens into the protocol, they get multiple opportunities to win attractive prizes while securely saving their tokens. Cosmos Millions’ goals are to bring some fun in DeFi, drive user engagement, instantly add a token utility and contribute to the overall growth and success of the Cosmos ecosystem.

The first use case on-chain at launch was rewarding reviews. 
Lum built the first decentralized protocol for businesses to build authentic trust with their customers in partnership with Skeepers.
Analogy: it means that when you purchase something online, the reviews you read and write are stored on-chain. Full transparency.
Online review is precisely an area that matters for consumers and existing businesses, where blockchain solutions are better than traditional centralized options.
In this endeavor, a special attention was put on the user experience and an easy integration of the Lum Network decentralized technology.

The second use case is the DFract Protocol.
Launched at Cosmoverse 2022, the DFract Protocol is the first Interchain yield earning index.

DFract allows its users to be exposed to a basket of tokens that represents the Interchain.
The mission behind DFract is to bring more users to the Internet of Blockchains, following the Lum vision of mass adoption.

The token protocol $DFR is a weighted basket of assets such as $ATOM, $OSMO, $EVMOS, $JUNO and more.

On top of the broad Interchain exposure, staking $DFR also gives users access to the rewards generated by the Protocol.

DFract is a Protocol Owned Liquidity (POL), meaning that all the assets provided by the users belong to the Protocol and the holders of the Protocol’s $DFR tokens.

This is different from many experiments in DeFi that were ultimately doomed by the debt they created. Moreover, a decentralized governance enables fair participation for every stakeholder.

Also, Lum Network believes in open-source code for a more transparent and community-centric tech that allows communication between builders.
The tools developed by Lum are open-source so that others can reuse it for their own purpose. As of November 2022, the Lum wallet, tailored for the Interchain, was forked eight times.

The Lum Network was founded and is led by Sarah-Diane Eck.
Sarah-Diane has a triple degree from AgroParisTech, Paris Assas and HEC Paris and she has been working in crypto since 2017. She has been nominated by Forbes in 2018 into the 92 Women To Follow Who Are Disrupting Tech In France.
Sarah-Diane is the actual CEO of Lum and also VP of France Digitale, the first tech community in France and Europe.