Lumin Use Cases

Projects are the main feature of Lumin. This is the vehicle in which all users and entities come together to build and fund, and how we take web3 coordination to heights never imagined before!

Lumin can be adapted for multiple use cases to fund an initiative, either collaboratively or for a workstream inside an organization:

Continuous Funding for Public Goods

• A community of contributors who are maintaining an open-source code, or running an open research program can create a continuous funding channel to support their work through Lumin. The new funders can always join the funding, and be aware of the funding needs of the projects based on their immediate milestones. The projects can continuously add future milestones and request new funding.

Co-Funding by Grant Programs

• Grant programs that are focused on similar areas of funding, e.g. climate focused ReFi projects or Bonding Curve & AMM research, can co-fund and collectively pool the total funding amount necessary for a working group to deliver their work.

Funding a DAO Workstream

• DAOs can provide quarterly funding to their work streams through the same milestone structure, where the milestones are structured as a set of monthly activities committed to be delivered by a work stream. In addition to bringing more transparency and accountability to work stream funding, Lumin gives DAOs the ability to withdraw funding and avoid extra losses if a supported work stream is delivering below expectations.

Incubating Community Projects

• Investment DAOs, or incubation communities that fund new projects through their governance, can use Lumin to create more structured application processes for the applicants with built-in accountability mechanisms enabled by milestone-based funding. Moreover, the milestone-based dripping of funds gives the community an opportunity to withdraw funding from projects which are delivering below expectations.

Grassroots Projects/NGOs

• With Lumin, NGOs and Grassroots projects can securely receive funding with cryptocurrencies. Thanks to milestone-based funding, they can continuously share their achievement with their funders/donors, and donors can be confident about the maximum possible impact! Also, the NGOs/Grasroot projects will develop their portfolio of achievements in their profile to signal more trust for future activities.