Revolutionizing Stablecoins with
Solana-Powered Synthetic Dollars
Lunara is a cutting-edge synthetic dollar protocol on Solana, introducing $LUSD—a fully-backed, scalable, and censorship-resistant stablecoin engineered for DeFi dominance. Built on Solana's high-performance blockchain and leveraging a delta-neutral hedging strategy, Lunara transforms volatile crypto assets into a reliable USD-pegged instrument. Stake $LUSD to unlock sustainable yields from Funding Rates and protocol revenue, redefining stablecoin utility in decentralized finance.
Stablecoins Backed By Synthetic Dollars
Atomic $LUSD Minting
Deposit SOL, BTC, or ETH, and Lunara instantly mints $LUSD by opening matching short perpetual positions—peg stability achieved in one seamless transaction.
Yield-Bearing $sLUSD
Stake $LUSD to receive $sLUSD, a reward-accruing asset that grows in value with protocol revenue—no rehypothecation, just pure profits.
Liquidity Provision
Supply $LUSD to Solana AMMs (e.g., Raydium) and earn $LNA rewards while boosting DeFi liquidity.
Cross-Chain Interoperability
Move $LUSD effortlessly between Solana and Ethereum via LayerZero or Wormhole, expanding its reach across ecosystems.
Flexible Redemption
Redeem $LUSD for backing assets through permissionless AMM pools or direct channels (for KYC-approved entities).
The Dollar King of Solana
Unmatched Scalability
Powered by Solana's 65,000+ TPS and $65B+ perp market liquidity, $LUSD scales to billions without the bottlenecks of Ethereum-based stablecoins.
Capital Efficiency Edge
A pioneering 1:1 delta-neutral backing eliminates overcollateralization, unlocking capital efficiency far beyond traditional models like DAI (150%+ ratios).
High-Yield Funding Rates
Tap into Solana's lucrative perpetual futures market—short-side Funding Rates averaged ~9% annually, with $sLUSD delivering up to 18% APY in 2024 (inspired by Ethena's success).
Censorship-Resistant Design
Assets secured via Off-Exchange Settlement (OES) providers ensure zero custodial risk, outperforming DeFi's $7B hack losses and CeFi's $15B failures last cycle.
Robust Revenue Streams
Diversified income from Funding Rates, liquid stable rewards, and SOL staking consensus—sustainable yields even in bear markets, backed by a reserve fund cushion.
Innovative Mechanism
Delta-Neutral Precision
$LUSD maintains its peg through automated delta hedging—e.g., 1 SOL deposited triggers a 1 SOL short perpetual, neutralizing price volatility with a portfolio delta of 0.
Off-Exchange Security
Backing assets (SOL, BTC, ETH) are held in institutional-grade OES solutions, delegating to CEXs only for settlement, minimizing counterparty exposure.
Revenue Generation
Protocol profits stem from three sources:
Funding Rate Spread
Short perpetuals historically yield 7-13% annually (BTC/ETH/SOL).
Liquid Stable Rewards
USDC holdings earn fixed rates (e.g., Coinbase's 2024 program).
SOL Staking
Consensus rewards enhance returns, with no leverage risk.
Reward Distribution
$sLUSD holders receive daily revenue drips via a "Token Vault" model—your stake grows autonomously, shielded from negative Funding by the reserve fund.
Tokenomics of $LNA
Total Supply: 1 Billion $LNA
Allocation
Utility
Governance
$LNA holders shape protocol evolution (e.g., approving new backing assets).
Fee Optimization
Reduce minting/redemption costs with $LNA payments.
Staking Yield
Stake $LNA for $sLNA to share ecosystem revenue.
Ecosystem Perks
Gain priority access to partner incentives and integrations.
Project Roadmap
Phase 1
Launch Phase- Deploy $LNA and $LUSD contracts on Solana.
- Enable minting with SOL/BTC/ETH hedging.
- Initiate developer and community onboarding.
Phase 2
Ecosystem Buildout- Integrate $LUSD into Solana lending and AMM protocols.
- Launch $sLUSD staking with Funding Rate rewards.
- Secure initial DeFi partnerships.
Phase 3
Scale & Bridge- Activate cross-chain bridging to Ethereum.
- Distribute $LNA incentives to boost liquidity.
- Expand marketing to DeFi-focused platforms.
Phase 4
DeFi Leadership- Enhance hedging with additional CEX perp markets.
- Establish Lunara DAO for decentralized governance.
- Target $LUSD as a core collateral asset across Solana DeFi.
Project FAQ
What is Lunara?
Lunara is a synthetic dollar protocol on Solana, offering $LUSD—a stablecoin backed by crypto assets (SOL, BTC, ETH) and hedged with perpetual futures to ensure stability and scalability across DeFi applications.
How does $LUSD maintain its peg to the USD?
$LUSD uses a delta-neutral strategy: for every 1 SOL deposited, Lunara opens a 1 SOL short perpetual position. This offsets price fluctuations, maintaining a portfolio delta of 0 and keeping $LUSD pegged to $1, even in volatile markets.
What yields can I expect from staking $LUSD into $sLUSD?
Stakers earn from three sources: Funding Rates from short perpetuals (historically 7-13% annually for BTC/ETH/SOL), fixed rewards from liquid stables like USDC, and SOL staking consensus rewards. In 2024, similar systems achieved up to 18% APY, with Lunara's reserve fund protecting against negative periods.
How does Lunara differ from USDC or DAI?
Unlike USDC, which relies on centralized banking rails, or DAI, which requires 150%+ overcollateralization, $LUSD offers a 1:1 backing ratio, Solana's low-cost efficiency, and yield generation without custodial risk—making it more scalable and user-friendly for DeFi.
What's the role of $LNA in the ecosystem?
$LNA is the governance and utility token. It enables voting on protocol upgrades (e.g., new backing assets), reduces minting/redemption fees, unlocks staking rewards via $sLNA, and provides priority access to ecosystem incentives.
How does Lunara ensure security for $LUSD backing assets?
Assets are custodied in Off-Exchange Settlement (OES) solutions—never held directly on exchanges—reducing counterparty risk. OES providers use bankruptcy-remote trusts, ensuring assets remain safe even if a provider fails, a design proven to avoid the $7B DeFi and $15B CeFi losses of past cycles.