Stellar Ecosystem
News

ClickPesa has launched the ClickPesa Debt Fund, a DeFi lending facility built on Stellar and powered by Soroban smart contracts, designed to provide financing to SMEs and women-owned businesses across Africa. The fund's SME I Pool uses Script3's Blend protocol and offers up to 12% annual interest with quarterly repayments, backed by ClickPesa Collateral Tokens (CPCT) pegged to real microfinance loan books.

Runtime Verification introduces Komet, a formal verification and fuzzing tool for Soroban smart contracts on the Stellar blockchain, funded by the Stellar Community Fund. The tool aims to enhance smart contract security through mathematical guarantees against vulnerabilities. The team seeks continued community support to expand its capabilities.

The Stellar Development Foundation published a contribution to OMFIF's Digital Assets 2024 Report titled 'The Power of Public Blockchains,' highlighting how public blockchains offer superior stability, security, and resilience compared to traditional financial infrastructure while enabling regulatory compliance and faster settlement.

This article explores the evolution of wallets from ancient times to modern smart contract wallets, highlighting how Stellar's infrastructure enables user-friendly, secure smart wallets with features like gasless transactions, passkey authentication, and account abstraction.

A comprehensive guide to setting up Stellar Lumens wallets for use with Soroswap, covering wallet types, security considerations, and reviews of popular options including Freighter, XBull, Lobstr, and Hana wallets.

Stellar has partnered with Hypernative to adopt its real-time threat detection and response platform to protect the network and projects building on it from hacks and security threats.

zkCross Network announces its oversubscribed seed and strategic funding rounds, backed by investors including Stellar, ahead of a $2.6M public sale. The project offers chain abstraction infrastructure to simplify cross-chain DeFi with features like messaging systems, liquidity aggregation, and decentralized protocols. A detailed roadmap outlines expansion across blockchains, targeting massive user growth.

Soroswap.Finance, the first DEX on the Soroban Blockchain in the Stellar ecosystem, announces the listing of $NGNC, a Naira-pegged stablecoin natively supported on Stellar. This enhances liquidity, FX utility, and cross-border payments for Nigerian users. Users can trade, add liquidity, and swap NGNC with assets like XLM, BTC, ETH, and USDC.

Soroswap.Finance, a DeFi protocol on the Soroban blockchain, has received a $50,000 USD liquidity award in XLM from the Stellar Development Foundation. The funds were added to the XLM-USDC pool via a Liquidity Timelock Contract locking tokens until August 5, 2025. This milestone enhances liquidity, security, and user trust in the Stellar ecosystem.

This article explains smart contract wallets (smart wallets) and their advantages over traditional crypto wallets, including enhanced functionality, security features, and passkey support. It highlights how Stellar's Protocol 20 and 21 enable passkey-powered smart wallets to improve user onboarding and accessibility.

Obsrvr has deployed three full validator nodes on the Stellar network to enhance decentralization, security, and reliability. The geographically dispersed nodes are actively participating in the Stellar Consensus Protocol and maintain their own history archives. Obsrvr aims to achieve Tier 1 status and invites other validators to add their nodes to quorum sets.

This article explains token vesting and streaming protocols, highlighting their importance for crypto projects to align incentives and prevent dumps. It details closed-ended and open-ended streaming models, with examples like Sablier, Superfluid, Hedgey, and LlamaPay. TokenOps is presented as a platform integrating these for efficient vesting management.

This article explains the Stellar Consensus Protocol (SCP), Stellar's unique approach to blockchain consensus that prioritizes speed, reliability, and decentralization without resource-intensive proof of work. It covers key concepts like quorum sets, voting mechanisms, quorum intersections, and the security benefits of using nodes operated by well-known organizations.

Reflector is a decentralized oracle protocol for Stellar that provides reliable price feeds for smart contracts and DeFi applications. The protocol is governed by the Reflector DAO using the xRF utility token, which enables governance, rewards cluster operators, and provides access to advanced price feed subscriptions.

Balanced Network's Q2 2024 update details deployments on five new blockchains including Avalanche, Arbitrum, BNB Chain, Base, and Havah, alongside smart contract audits and cross-chain preparations. Governance saw 19 proposals passed, with the DAO earning $33k in fees and burning ICX as part of economic enshrinement with ICON. Q3 plans include cross-chain loans and launches on Injective, Optimism, Polygon, and Stellar.

This article explains the role and importance of Lumens, Stellar's native currency, detailing how they function as transaction fees, maintain network security through minimum balance requirements, and serve as a bridge currency for cross-border payments. It also highlights Stellar's unique consensus protocol (SCP) and its advantages over traditional blockchain networks.

Coinspect has published the results of their security audit of the Tricorn Bridge's Soroban integration, conducted in collaboration with Boosty Labs and the Stellar Development Foundation. The audit identified 3 high-risk, 6 medium-risk, and 1 low-risk vulnerabilities in the smart contract's Rust source code and Golang backend. All findings have been addressed by the development teams, enhancing Soroban security knowledge.

Huma Finance publishes a comprehensive overview of PayFi (Payment Finance), a new frontier in real-world assets that combines stablecoins with financing mechanisms to enable scalable, compliant payment solutions. The article introduces the PayFi Stack—a framework with six layers (Transaction, Currency, Custody, Financing, Compliance, Application)—and highlights Stellar's role alongside Solana in providing high-throughput, low-cost transaction infrastructure for payments.

This guide explains how Ugandan users can withdraw cryptocurrency from Binance to Ugandan Shillings (UGX) via Mobile Money or bank accounts using Bingtellar, a web3 payments platform. It provides a detailed step-by-step process, highlighting Bingtellar's advantages over P2P methods. The article mentions Stellar as one of the affordable blockchain networks for low-cost transfers.

Stellar introduces State Archival, a protocol solution to blockchain state bloat that archives unused ledger entries while maintaining security through Merkle proofs stored in History Archives. This approach enables Stellar to maintain low validator costs, high throughput, and scalability without requiring expensive hardware.

This article compares Stellar's State Archival solution with Solana's State Compression (Avocado), arguing that Stellar's approach is more efficient and scalable. The analysis highlights fundamental flaws in Solana's design including poor data availability guarantees, increased network congestion, and higher costs.

An educational article introducing Stellar's blockchain network, explaining its Stellar Consensus Protocol (SCP), and demonstrating real-world applications through IBM World Wire and ClickPesa for cross-border payments and financial inclusion.

This guide explores zero-knowledge proofs (ZK Proofs) on the Stellar network, explaining how they enable privacy, scalability, and interoperability for financial applications. It covers ZK Proof fundamentals, implementations like zk-SNARKs and zk-STARKs, and their applications in DeFi, financial inclusion, and privacy-preserving systems.

This article explains how to send money to Uganda using USDC on the Stellar Network via Bingtellar, a platform for affordable cross-border payments in Africa. It highlights low fees, accessibility, and security as key advantages over traditional remittances. A step-by-step guide demonstrates transferring USDC from wallets like Revolut to recipients who receive Ugandan shillings instantly.

The Stellar Development Foundation announces its commitment to increasing gender diversity in the Stellar ecosystem and partnerships with SheFi to empower women builders. SDF will sponsor SheFi's Brussels summit in July, featuring keynotes on real-world blockchain use cases and an activation showcasing Stellar's new passkeys capability.