Arbitrary Token Trading Pairs

Lumino can use ADA, stable assets, or LP-defined Assets as the currency pair. ADA as the currency strengthens liquidity. Tradeoffs over stable assets are a) the potential cost associated with exposure to impermanent loss due to price fluctuations of other assets relative to ADA and b) price slippage on non-stable assets can have cost implications for traders. Tradeoffs can be mitigated by a) over-collateralized LP-defined stable assets backed by ADA reserves and b) Lumino ADA combined AMM order book liquidity protocol.