DeFi 3.0 for
Hash Power.

Luma is an on-chain economic protocol that introduces a new mining and reward distribution mechanism designed to address the structural weaknesses of traditional DeFi mining and yield models, including excessive sell pressure, short-term user behavior, and economic instability.

The protocol adopts a dual-token structure consisting of a main token (LUMA) and a control sub-token (SORA) to regulate reward flows, reduce immediate market impact, and incentivize long-term participation through rule-based economic logic.

2.1 Limitations of Existing DeFi Models

Most yield and mining-based DeFi projects suffer from:

• Direct reward issuance to the main token
• Unrestricted and rapid capital exit
• Profit concentration among early participants
• Continuous market sell pressure

These factors typically result in:

• Token price decline
• Loss of user confidence
• Gradual ecosystem collapse

2.2 Need for a New Economic Model

A sustainable on-chain economy requires:

• Rule-based control of user behavior
• Managed reward distribution
• Prevention of excessive profit concentration
• Time-based value release

Luma is designed to fulfill these requirements.

3.1 Core Components

• Main token: LUMA
• Sub-token: SORA
• Staking contracts
• Reward distribution contracts
• Burn contracts
• User Level System
• DAO Governance

4.1 Token Parameters

• Total Supply: 210,000,000 LUMA
• Supply is fully verifiable on-chain

4.2 LUMA Utilities

• Staking and mining participation
• DAO governance and voting
• Ecosystem access and NFT privileges
• Internal settlement and transaction fees
• Network reward settlement

5.1 General Logic

User rewards are determined by:

• Staked capital
• Participation duration
• User level
• Economic behavior (hold vs exit)

5.2 Settlement Cycle

• Rewards are calculated every 12 hours
• Users may:

• Claim rewards
• Or compound them

5.3 Reference Yield Range

• Designed range: ~0.1% to 1% daily
• Adjustable via DAO parameters

6.1 Design Purpose

• Reduce direct sell pressure on LUMA
• Regulate reward release
• Act as an economic buffer layer

6.2 Token Parameters

• Total Supply: 210,000,000 SORA
• 100% allocated to liquidity pools
• Daily auto-burn mechanism enabled

6.3 SORA Rules

• Purchase only through system quota
• Free to sell at any time
• All sold SORA is burned immediately
• No direct open-market buying

Role of SORA:

• Reward intermediary
• Supply control tool
• Volatility buffer

7.1 Level Definition

User levels are based on:

• Holdings
• Contribution volume
• Valid invitations

Levels range from L1 to L13.

7.2 Level Impact

• Higher levels receive higher reward shares
• Encourages long-term participation
• Discourages opportunistic behavior

8.1 Definition

Each user has a maximum profit cap of:

5? their initial principal

Upon reaching the cap:

• The user exits the system
• Re-entry is allowed

8.2 Objectives

• Prevent profit monopolization
• Improve fairness
• Maintain long-term system balance

System handling fees are distributed as:

• 50% ? SORA burn
• 40% ? Reward pool
• 10% ? Foundation fund

This structure:

• Reduces circulating supply
• Strengthens reward sustainability
• Supports protocol development

Key parameters are governed by DAO voting

Includes:

• Reward rates
• Burn ratios
• Level requirements
• Fully transparent and on-chain

• All contracts operate on-chain
• All data is publicly verifiable
• Parameter changes are auditable

Luma does not guarantee profits.

Risks include:

• Market volatility
• Smart contract vulnerabilities
• User behavior risks
• Liquidity risks

Luma is an economic system, not a profit-guarantee mechanism.

Luma is not a short-term yield product.

It is:

A rule-based on-chain economic system.

Its design goals are:

• Long-term sustainability
• Fair value distribution
• Controlled reward release
• Behavioral alignment of participants