Laguna Labs

Laguna is a global technology company that acts as both a layer 1 blockchain and incubator for other decentralized finance (DeFi) projects. It was founded in 2021 and has a team of four people. The stated vision of the company is to bring innovative money products to the market so money is thought about differently and available in a more equitable fashion than it historically has been.

Laguna DeFi

Laguna is an incubator and has launched several DeFi products since its inception. Below are descriptions of those products.

Laguna has launched a digital wallet that is intended to be used for DeFi, decentralized applications (Dapps), and Web3. It can be added as an extension to the Google Chrome browser and is private and non-custodial. Users of the wallet can store assets from various blockchains, such as Ethereum and PolkaDot.

The company has launched a stablecoin called Nuon, and it is described as a flatcoin because it is designed to take the burden of fees and inflation off of the users. It utilizes Truflation, a Chainlink oracle, to find the most accurate rate of inflation.

The Laguna Blockchain is a Layer 1 blockchain that uses Delegated Proof of Stake (DPoS). Transactions are settled quickly on the blockchain due to the leveraging of probabilistic pre-consensus. It is permissionless so anyone can build upon it, and it is designed to be scalable so it can continue to grow.