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DFract, the first Interchain yield earning index
A new DeFi protocol built on top of Lum Network with the mission to bring more users to the Internet of Blockchains.
June 28, 2023
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After the creation of the first decentralized protocol for businesses to build authentic trust with customers, we are delighted to unveil the new project of Lum Network presented at Cosmoverse: DFract

It is now possible to get into multiple projects of the Interchain in a simple way

Traditional Finance (TradFi) has created over the last decades many strategies that are each best suited for different types of profiles: institutions, corporations, individual investors…

Stock picking and index investing are two opposite strategies.
- The first consists in choosing some stocks that are more promising (based on research) and can beat the market.
- The second focuses on diversifying the investment into a group of different assets.
Most retail investors are better off with the second strategy.

In Traditional Finance, indexes are used extensively to simplify the exposure to multiple assets.
In a similar way, DFract encompasses the value of multiple assets, but more importantly, also generates staking rewards that are automatically compounded.

Providing a DeFi solution that is comparable to a traditional index is important to make crypto more accessible to the next billion users.

DFract aims to make crypto as accessible and simple as possible.
It allows its users to be exposed to a basket of tokens that represents the Interchain.

DFract, the first Protocol Owned Liquidity on the Interchain

The DFract Protocol is a yield earning index for the Interchain, a collection of sovereign blockchain networks communicating through the Inter-Blockchain Communication protocol (IBC).

DFract is a Protocol Owned Liquidity (POL):
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, decentralized governance enables fair participation for every stakeholder.

$DFR, the DFract token

$DFR is the Protocol’s native crypto-asset.
Under the hood, the index is a weighted basket of assets such as $ATOM$OSMO$JUNO etc… from the Internet of Blockchains.

The DFract Protocol aims to turn the $DFR token into a unit of value for the Interchain projects.

This token is a convenient way, with a low entry barrier, for its users to gain broader exposure to the Interchain.

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

What users get:

  • A simple and unified experience
  • The knowledge of a community for an optimized return
  • A large amount of time saved on research, delegations and transaction processing
  • A token that yields a return in a passive way
  • A token that remains liquid on the secondary market with a value backed by its underlying assets

The DeFi index to make the Interchain more accessible to new users

With more than 250 Appchains built with the Interchain Stack and billions in assets growing at the speed of light, the Interchain is one of the most promising ecosystems in the world.

The multichain paradigm provides many benefits in terms of scale and sovereignty at the expense of simplicity and composability.

The growing complexity is a hurdle to crypto mass adoption that DFract wants to solve within the Interchain.

The thesis for building this product is three-fold:

  • Tremendous value can be captured on the Cosmos-SDK based network of Appchains over the next decade
  • Elegant and simple user experience for any kind of user is a key success factor for crypto adoption
  • Community-centric projects will be more successful in the long run

By connecting the dots, DFract was born to solve the current pain point experienced by a non-crypto user, or by a sophisticated crypto user looking for simplicity, that would like to get exposed and support the ecosystem growth while being rewarded for it.

At the same time, the Protocol aims to have a positive impact for the community — the builders, the investors, the media professionals — that has been pushing the ecosystem so far.

The DFract protocol growth is on

The DFract protocol launched successfully for Cosmoverse in Medellín!
We feel grateful to all the people we connected with, supported us and took time to listen to our project.

After the presentation held by our CEO and Founder Sarah-Diane Eck at Cosmoverse, the very first round of $DFR was minted on October 10th and the protocol stats went live.

These are the current values as of today:

Powered by the Lum Network and key partners

Using decentralized technologies to shed light on the value created by mainstream users is at the heart of Lum Network’s Mass Adoption vision.

Lum means “Lumière” in French, aka light.
Following our idea, the name DFract comes from the diffraction of light. A physical phenomenon that splits a single beam of light into many color components.

In the same spirit, DFract is composed of many tokens that are encapsulated into a single token.

For beta version, Lum Network is partnering with a renowned professional validator that has already proven itself in the past, and who is also present in the Lum Network validator set.

To begin, the best projects of the Interchain on which Imperator operates its own validation node will be selected.

DFract is also a member of the Interchain Builders Program

Follow the tutorial on How to get $DFR

How does it work in Beta Version?
Every Friday, a proposal is up for voting for 3 days on the Lum Network.

Each proposal is required in order to use the funds available in the DFract module account (at the time the proposal passes) in order to buy the designated assets on Osmosis and delegate them on their native blockchain.


The proposal also mint the previous governance deposits that been deposited.

Contribute to DFract, a community-centric project

DFract is creating a global, community-owned, decentralized, rewards generating Interchain index. The goal is to increase accessibility to the Cosmos-SDK based projects for any user, no matter their crypto-savviness.

Lum Network hopes and expects from the tremendous members of the Interchain ecosystem to participate in DFract protocol, so that we can build an index that reflects and represents the vision of the Interchain.

Current Holdings In The Vault at The Time Of This Writing:

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Source: The Dinarian ⚡ Claude AI

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Teams building financial protocols, high-dependency data services, high-traction dApps funded by the Stellar Community Fund are able to request an audit and will typically be matched with a reputable audit firm within two weeks. We recently restructured the program for this year to enhance audit efficiency and incentivize accountability, and rapid and complete vulnerability remediation:

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Get Started Today

If you're already funded through the Stellar Community Fund, meet the criteria and ready to secure your smart contracts, check your email for an invitation to submit an audit request–if you haven’t received one, contact [email protected].

If you haven't built on Stellar yet, we encourage you to start your journey with the Stellar Community Fund to become eligible for future security audits and ecosystem support. For any broader questions on the program, contact [email protected].

Also, we’re organizing an exciting series of workshops–join us for the kick-off on Soroban Security Best Practices on Friday, May 30, 2025 at 2 PM ET on @StellarOrg. Together, we're shaping a secure and resilient future for smart contracts on Stellar.

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Santander mulls stablecoin, crypto offering

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Santander’s involvement could extend beyond an individual initiative. The bank is a shareholder in The Clearing House, where the Wall Street Journal reported that US banks are exploring the potential to create a joint stablecoin. If a US initiative took that route it could involve nine more G-SIBs including Bank of America, Barclays, BMO, BNY Mellon, Citi, HSBC, JP Morgan, TD Bank and Wells Fargo.

Apart from these initiatives, our research shows that more than 20 other banks have been involved in stablecoin projects.

Until recently stablecoins were mainly used to settle cryptocurrency transactions and by residents in countries with volatile domestic currencies. During the last year stablecoin infrastructure has been expanding, especially for mainstream cross border payments. Plus, President Trump issued an executive order prioritizing stablecoins. One of the administration’s motivations is this increases demand for US Treasuries, lowering the interest rate the government pays on the Treasury bills.

Santander as an early digital assets mover

Santander’s stablecoin consideration builds on years of blockchain experience. The bank was an early Ripple investor and previously used Ripple’s permissioned network for payments (not XRP), while also embracing permissionless blockchain activities including issuing a digital bond on Ethereum in 2019. This dual approach led to collaborations with other major players – alongside Societe Generale FORGE and Goldman Sachs, Santander participated in the European Investment Bank’s first digital bond, also on Ethereum. Currently, the bank’s most significant digital money initiative involves Fnality, the wholesale blockchain-based settlement network, where Santander ranks among 20 institutional backers and is part of the early adopter group alongside Lloyds Bank and UBS.

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If you find value in my content, consider showing your support via:

💳 PayPal: 
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