Lumoz (formerly Opside) announced its plans to launch StableNet, a ZK-Rollup capable of connecting with Ethereum Virtual Machine (EVM) with unique features. The launch is scheduled for December and the announcement came during an event co-hosted with Polygon (MATIC) called RaaS Day.
The Polygon team certified Lumoz as a ZK-RaaS platform. A ZK-RaaS is a service that develops ZK-Rollups (second layer solutions) in a few clicks without the need to interact with code interfaces.
Notably, Lumoz’s StableNet will run on both Polygon Chain Development Kit (CDK) and 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 shared by Lumoz with Finbold on November 21, StableNet is a “state-of-the-art ZkEVM built on top of Ethereum (ETH).” The launching company also presented some futures of its ZK-Rollup solution.
Interestingly, network gas fees will be quoted and paid in the Circle USD stablecoin (USDC). StableNet will also have an “optimized gas economics model” and Lumoz states that “all gas fee revenue generated on StableNet will be reinvested into the community.” In the community, the team includes DApp developers, liquidity providers (LPs), and regular users.
Another feature worth mentioning is that StableNet will have “cross-talk”. Basically, StableNet will allow addresses to interact with Ethereum smart contracts such as Aave (AAVE) and Uniswap (UNI).
“This is an important milestone for Lumoz as it is the first rollup to use the Polygon CDK and be released, 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.”
— Álvaro Fernández, director of operations at Lumoz.
All things considered, Lumoz’s announcement underscores a major advancement in ZK-Rollup technology and blockchain innovation.
