Deposit once. Mint whenever.
Deposits keep earning at blue-chip venues; mint LUME against them at up to 80% LTV.
—
Supply APR · Aave V3 · Ethereum
—
sLUME APR · measuring
Why loom
A layer 2 for DeFi.
Deposits route in full; the receipt is what you mint against.
01 · depositFigures illustrative.
collateral · earning$1,000
minted against it340 LUME
Minted positions pay the yield on the minted share; stakers earn all of it.
02 · stake
100%
schedulereleased linearly over its accrual
paid tostaked LUME only
emissions · pointsnone
protocol or forward ratenone
The position is an ERC-721 receipt with a built-in secondary market.
03 · receipts
RECEIPT · Nº 001deposit$1,000 + yieldminted800 LUMEunlocksT+2at redemption$1,000 + yield
secondary marketsells whole, debt attached
or close itLUME returned §
How it works
Drag the LTV: only the minted line moves, and the deposit keeps earning in full.
Try it · no wallet
How much to mint as LUME0%of 80% max LTV
Your deposit$1,000
Minted as LUMEnothing
At redemption$1,000+ yield
- 01Deposit
Stablecoins route to the venue in full and keep earning. You hold the receipt — an ERC-721.
- 02Mint
LUME against the receipt, whenever, up to 80% LTV. The deposit does not shrink; the minted share's yield goes to stakers.
- 03Exit
Close after the T+2 unlock — LUME returned, collateral out at live value — or sell the receipt whole, debt attached.
Markets
| Market | Venue | Supply APR | |
|---|---|---|---|
| USDCAave V3 · Ethereum | Aave V3 · Ethereumlending pool | — | Deposit |
| USDTAave V3 · Ethereum | Aave V3 · Ethereumlending pool | — | at mainnet |
| DAIAave V3 · Ethereum | Aave V3 · Ethereumlending pool | — | at mainnet |
| USDeEthena sUSDe · Ethereum | Ethena sUSDe · Ethereumsavings vault | — | at mainnet |
| GHOAave sGHO · Ethereum | Aave sGHO · Ethereumsavings vault | — | at mainnet |
Security
Parameters
Liquidation enginenone in the codebase§
Price oraclenone — no price to attack§
What minting coststhe yield on the minted share — never principal§
Max LTV80% of live net value — registry hard cap 90%§
Withdrawal delayT+2 days — registry hard cap 30 days§
All 15 parameters→
Collectionpermissionless — anyone may settle any receipt's charge§
Repaymentpermissionless — repayment is never blocked§
Past the LTV capreported by healthOf and emitted — nothing is liquidated§
Coupon schedulebanked when collected, released linearly over its accrual — 24h floor, 30d cap§
Exit feesnone — a receipt's value is already net of what it owes§
Charge destinationthe treasury holds the collected shares directly§
Parameter changesraises wait 48h; only de-risking — lowering a dial, disabling a market — lands same-block§
Marketplace fee0 today — owner-settable, cap 5%§
Venue migrationssame-block only to the refuge — anywhere else waits 48h§
Migration loss budget30 bps rolling over 365 days, 10 bps per hop§
Custody trail
- Owner
- testnet: the deploy key — mainnet ships a Safe multisig
- Audit
- mechanism frozen; mainnet after independent audit