Article Summary, Automatically Generated By AI
Summary of Lumi Finance
- LUAUSD is the stablecoin within the Lumiterra ecosystem.
- Staking LUA rewards LUAUSD, backed by a corresponding USD value.
- LUA can be exchanged for LUAUSD at the prevailing floor price.
- LUAUSD can be used in various transactions within the Lumiterra ecosystem, including in-game activities.
- LUAUSD can be added to the Curve Meta Pool for liquidity mining on Arbitrum.
Numbers and Figures:
- None mentioned in the text.
Case Studies/Anecdotes/Examples:
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About Lumi Finance: Empowering the Future of Digital Assets
At the heart of the Lumiterra ecosystem lies LUAUSD, a stablecoin designed to provide a reliable store of value.
When participating in the staking of LUA, users are rewarded with LUAUSD, which is pegged to the current floor price, thereby ensuring that each LUAUSD is fully backed by a corresponding USD value. Furthermore, users have the flexibility to exchange LUA for LUAUSD at the prevailing floor price, with the option to convert it back to LUA at their discretion.
LUAUSD can be leveraged across a diverse range of transactional scenarios within the Lumiterra ecosystem, including in-game activities. Holders of LUAUSD have the option to contribute it to the Curve Meta Pool, where it will be aggregated with the 2pool on Arbitrum, thereby facilitating liquidity mining.