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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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Dubai regulator VARA classifies RWA issuance as licensed activity
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🎬Proof the Deep State Planned This War for Years🎬
Nation First outlines how the Israeli attack on Iran was planned by the Deep State and the Military Industrial Complex over 15 years ago.

Prepare to have your mind blown

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Dear friend,

What just happened in Iran wasn’t a surprise attack. It wasn’t a last-minute decision. It wasn’t even Israel acting alone.

It was a war plan written years ago — by men in suits, sitting in think tanks in Washington and New York. And yesterday, that plan was finally put into action.

Here’s the truth they don’t want you to know: this war was cooked up long before Trump ever became President — and it was designed to happen exactly this way.

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Israel launched a massive, unexpected strike on Iran. They hit nuclear facilities. They killed military generals. They struck deep inside Iranian territory — and now the whole region is on edge, ready to explode into full-blown war.

The media is acting shocked. But I’m not. You shouldn’t be either.

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Because we have the documents. They told us this was coming. Years ago.

Exhibit A: The Brookings Institution.

The Brooking Institution is a fancy name for what’s basically a war-planning factory dressed up as a research centre. Back in 2009, Brookings published a report called Which Path to Persia?

It laid out exactly how to get the U.S. into a war with Iran — without looking like the bad guy.

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“The United States would encourage — and perhaps even assist — the Israelis in conducting the strikes… in the expectation that both international criticism and Iranian retaliation would be deflected away from the United States and onto Israel.”

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Until next time, God bless you, your family and nation.

Take care,

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George Christensen is a former Australian politician, a Christian, freedom lover, conservative, blogger, podcaster, journalist and theologian. He has been feted by the Epoch Times as a “champion of human rights” and his writings have been praised by Infowars’ Alex Jones as “excellent and informative”.

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Find more about George at his www.georgechristensen.com.au website.

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The Possible Impact Of USDC On The XRP Ledger And RLUSD
Key Points
  • It seems likely that USDC on the XRP Ledger (XRPL) boosts liquidity, benefiting XRP, though some see it as competition for RLUSD.
  • Research suggests both stablecoins can coexist, enhancing the XRPL ecosystem.
  • The evidence leans toward increased network activity being good for XRP, despite potential competition.

The recent launch of USDC on the XRP Ledger has sparked discussions about its impact on the ecosystem, particularly in relation to RLUSD, Ripple's own stablecoin. This response explores whether this development is more about competition for RLUSD or if it enhances liquidity on the XRPL, ultimately benefiting XRP.
 

Impact on Liquidity and XRP

The introduction of USDC, a major stablecoin with a $61 billion market cap, likely increases liquidity on the XRPL by attracting more users, developers, and institutions. This boost can enhance DeFi applications and enterprise payments, potentially driving demand for XRP, the native token used for transaction fees. While some may view it as competition for RLUSD, the overall effect seems positive for the XRPL's growth.
 

Competition vs. Coexistence with RLUSD

USDC and RLUSD cater to different needs: USDC appeals to those valuing regulatory compliance, while RLUSD, backed by Ripple, may attract users preferring ecosystem integration. Research suggests both can coexist, increasing options and fostering innovation, rather than purely competing.
 

Detailed Analysis of USDC on XRPL and Its Implications

The integration of USDC on the XRP Ledger (XRPL), announced on June 12, 2025, by Circle, has significant implications for the ecosystem, particularly in relation to RLUSD, Ripple's stablecoin launched in 2024. This section provides a comprehensive analysis, exploring whether this development is more about competition for RLUSD or if it enhances liquidity on the XRPL, ultimately benefiting XRP.
 

Understanding RLUSD and Its Role

RLUSD, Ripple's stablecoin, received approval from the New York Department of Financial Services (NYDFS) in 2024 and is designed to be fully backed by cash and cash equivalents, ensuring stability. It is available on both the Ethereum and XRP Ledger blockchains, aiming to enhance liquidity, reduce volatility, and serve cross-border payments. With a current market cap of $413 million, RLUSD is smaller than USDC's $61 billion but has regulatory credibility, particularly appealing to institutions.
 

Impact of USDC on the XRPL

The launch of USDC on the XRPL is a significant development, given its status as the second-largest stablecoin by market cap.
 
Key impacts include:
  • Liquidity Boost: USDC's integration can attract more users, developers, and institutions, increasing overall liquidity. This is crucial for DeFi applications, as Circle's announcement emphasizes its use in liquidity provisioning for token pairs and FX flows.
  • Increased Utility: USDC enhances the XRPL's utility for enterprise payments, financial infrastructure, and DeFi, potentially making it more attractive for global money movement and transparent settlements.
  • Regulatory and Institutional Appeal: As a regulated stablecoin issued by Circle, USDC can bring institutional users to the XRPL, aligning with Ripple's goals for regulated financial activities.
  • Network Growth: Supporting a widely recognized stablecoin like USDC on 22 blockchains, including the XRPL, increases the network's visibility and adoption, potentially driving more activity.

Competition vs. Complementarity with RLUSD

While USDC's launch could be seen as competition for RLUSD, the evidence suggests a more nuanced relationship:
  • Competition: Both are stablecoins on the XRPL, and USDC's larger market presence ($61 billion vs. RLUSD's $413 million) might attract users and developers away from RLUSD. However, competition can drive innovation, such as lower fees or better services, benefiting the ecosystem
  • Complementarity: Different stablecoins cater to different needs. USDC appeals to users valuing regulatory compliance and widespread adoption across multiple blockchains, while RLUSD, backed by Ripple, may attract those preferring ecosystem integration and regulatory approval from NYDFS. The XRPL can benefit from having multiple options, increasing liquidity and fostering a diverse ecosystem.
  • Coexistence Benefits: Research suggests that having multiple stablecoins enhances liquidity and provides users with more choices, potentially leading to higher network activity. For example, institutions might use USDC for global payments and RLUSD for specific XRPL-integrated applications, creating a symbiotic relationships.

Impact on XRP

The introduction of USDC, alongside RLUSD, is likely beneficial for XRP, the native token of the XRPL, for several reasons:
  • Increased Liquidity and Activity: Higher liquidity on the XRPL, driven by both stablecoins, can increase transaction volumes. XRP is used for transaction fees, with some fees burned, potentially reducing supply over time and increasing demand.
  • DeFi and Enterprise Use Cases: Both USDC and RLUSD enhance DeFi and enterprise applications, such as liquidity pools and cross-border payments, which can drive demand for XRP as a settlement token.
  • Network Growth: A more liquid and active XRPL is more attractive to developers and users, potentially leading to long-term growth for XRP, as increased utility can drive its value.
Expert analyses, such as those from u.today and ledgerinsights.com, suggest the launch is a "massive boost" for liquidity and adoption, with RLUSD also playing a significant role.
 

Comparative Analysis: USDC vs. RLUSD

To further illustrate, consider the following table comparing key attributes:
 
Given the evidence, it is more accurate to view the introduction of USDC on the XRPL as beneficial for liquidity, which is ultimately good for XRP, rather than solely as competition for RLUSD. The XRPL benefits from increased options, with both stablecoins enhancing liquidity, utility, and network growth. While some competition exists, the overall impact is positive, fostering a robust ecosystem that can drive demand for XRP. This conclusion aligns with expert analyses and community discussions, acknowledging the complexity of the stablecoin market within the XRPL.
 

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