DeFi, payments, tokenization, Soroban, governance, and project launches — curated daily from publications, project blogs, and community channels across the Stellar blockchain ecosystem.
USDx stablecoin from FxDAO protocol is now live on Soroswap Finance, the first DEX on Soroban Blockchain, with a $190,000 TVL liquidity pool for the XLM/USDx pair. Users can issue USDx by locking Lumens as collateral in FxDAO vaults for liquidity without selling assets. The article guides on acquiring, swapping, and providing liquidity for USDx on Soroswap.
Balanced Network's Q3 2024 update details progress on cross-chain expansions including audits and deployments on Stellar, Solana, and Sui. Key achievements include launching cross-chain loans, a soft liquidation model, and new collateral types. Upcoming Q4 plans feature full Stellar launch alongside intent-based trading and more blockchain integrations.
A developer shares how they deployed their Stellar-based dApp 'Tansu' on IPFS using Storacha for storage and xlm.sh as a Stellar-aware gateway. The tutorial covers IPFS basics, uploading files, handling CSP issues with Soroban RPC, and leveraging Stellar's manage data operations for CID resolution. This enhances decentralization while integrating seamlessly with Stellar and Soroban ecosystems.
Reflector has launched its 2nd developer contest with a 120,000 xRF prize pool across multiple categories including oracle-based smart contracts, subscription apps, and creative implementations. The contest also includes separate prizes for content creators and runs from October 16 to December 15, 2024.
Tansu, a Stellar dApp, introduces an on-chain 'Support' button for funding open source projects directly via Soroban Domains. This creates transparent, costless, and borderless funding using Stellar addresses and smart contracts. Future developments include DAO-based fund management through the SCF Build program.
Tansu project announces submission for SCF Build award, outlining plans for a decentralized platform with DAOs for project management and reputation badges for contributors. The proposal includes on-chain release processes, fund allocation via wallets and potential Quadratic Funding, and a detailed roadmap across MVP, Testnet, and Mainnet phases. Emphasis is placed on community governance, transparency, and open-source sustainability within the Stellar ecosystem.
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.
The xRF token, utility cryptocurrency for the Reflector Oracle Network, is now available on Soroswap.Finance, the first DEX on the Soroban blockchain. It enables governance, rewards for node operators, and subscriptions for price feeds. This integration leverages Stellar's ecosystem for efficient DeFi trading.
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.
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.
The Stellar Development Foundation hosted a Cash-to-DeFi challenge track at Consensus X EasyA 2024 Hackathon in Austin, attracting global developers to build real-world financial solutions. Five winning projects were selected, including DeFindexes, Global Rupee, RampMeDaddy, Punch Starter, and Lumen Finance, each addressing financial inclusion and DeFi accessibility.
FxDAO's peg system for synthetic currencies on Stellar uses XLM collateral and arbitrage incentives similar to the gold standard, not algorithmic stablecoins. It features controlled issuance, redemption, and liquidations to maintain stability and health. The protocol ensures debt cannot exceed collateral value, enforced by smart contracts.
FxDAO shares its Q1 2024 update, highlighting the completion of a smart contract audit by Runtime Verification and adaptations to Soroban platform changes on Stellar. Despite challenges like limit downgrades requiring refactors, the team resolved issues to fit current network limits. They are preparing for mainnet launch with vaults for synthetic USD, EUR, and GBP, alongside plans for a custom oracle.
A protocol on Stellar has deployed an airdrop of its governance token to early and super adopters, distributing 28.8 million out of 64 million total supply via claimable balances. Claim deadline is April 30, 2024, with unclaimed tokens returning to the DAO treasury. Future protocol fees will fund the DAO for community governance.
Creit protocol on Stellar celebrates over 200 domains registered with 130k+ XLM collateral after one month. They're launching DAO governance by distributing nearly half the governance token supply to early adopters as thanks. Upcoming features include domain buy/sell and full governance contract by end of April.
A new protocol launches its website as Soroban goes live on Stellar mainnet in phase 0. The protocol, developed in just 20 days since February 3rd, aims to become the de facto domain service on Soroban with free-to-use features and future DAO plans. It's been on testnet since February 4th, 2024, awaiting full deployment.
Australian crypto companies Upside and Stables announce a partnership to deliver Web3 education, events, and content, while providing Stables a Melbourne base at Upside HQ. Stables offers a digital wallet for spending, sending, and earning stablecoins, aiding businesses with treasury and payroll. The collaboration aims to boost crypto adoption in Australia.
FxDAO announces a shift to quarterly updates and the deployment of its protocol on Soroban testnet. They've launched a new self-hosted website, a JavaScript SDK for integration, and an official Discord server. The team is preparing for Soroban mainnet launch.
Meridian 2023, the annual Stellar conference held in Madrid, showcased major ecosystem developments including MoneyGram's non-custodial wallet launch, Circle's EURC stablecoin deployment, and significant upgrades to developer tools like the Anchor Platform and Stellar Disbursement Platform.
Soroban has achieved feature completeness after a year of public development through 10 preview releases, with over 70 ecosystem projects now building in parallel. The platform is closing in on a stable release candidate with a renewed focus on developer experience, tooling, and documentation.
An educational overview of blockchain fundamentals, explaining how distributed ledgers work, their advantages over centralized databases, and comparisons of major blockchain platforms including Bitcoin, Ethereum, and Stellar.
The Stellar Newsletter highlights upcoming events like Meridian 2023 in Madrid with Idris Elba, MoneyGram's USDC case study on Stellar, and Coinbase's integration with USDC on the network. It covers improvements to the Anchor Directory, wallet on/off-ramp integrations, Soroban infrastructure projects, and a new Soroban security bug bounty. Developer updates include proposed transaction changes and SCF submission best practices.
Soroban Preview 10 introduces new State Expiration logic to address blockchain bloat issues, along with Rust SDK changes and clearer smart contract limits. July focused on refactors rather than new features, including rethinking governance token distribution. A new Stable Liquidity Pools contract for stablecoins is in development for future deployment.
FXDAO announces it is the first legally incorporated DAO on the Soroban network, providing legal recognition to the project. They are developing a governance contract to manage all other protocol contracts, ensuring community approval for changes. The protocol is nearing completion and ready for deployment on Soroban once the network launches.
A DAO is nearing legal incorporation and aims to be the first fully operating on the Soroban network. They've completed the Safety Pool contract, which liquidates undercollateralized vaults to maintain protocol health, but face integration issues due to Soroban preview limitations. Next steps include refactoring contracts and developing the Staking Pool.
FxDAO critiques traditional DAO governance models like 'more shares, more votes' for favoring whales, insiders, and early participants, proposing a novel system combining modified democratic voting, quadratic voting, and anti-spam measures. Key features include locking tokens for proposals and votes that redistribute to participants, human verification to prevent sybil attacks, and high-threshold democratic votes for structural changes. This aims to balance fairness, participation, and security within the Stellar ecosystem.
FxDAO shares its April 2023 monthly update on building the first legally incorporated DAO on the Stellar Soroban network. They've developed a protocol compatible with Soroban preview 8, deployed webapps on Futurenet for vault management, and are progressing toward legal incorporation within 30-60 days. Future updates will cover ongoing protocol development and DAO setup.
Blend is a new liquidity protocol primitive for Stellar, enabling anyone to create insured lending pools with Soroban smart contracts. It provides lending and borrowing capabilities, adapting to market conditions while protecting suppliers via a backstop module. The protocol enhances Stellar's ecosystem for fintech, trading, DAOs, and DeFi applications.
Synced's December 2022 development log outlines aims to release dashboards on their dev web app, learn Rust and Soroban, and test a simple DAO contract. Progress includes merging dashboards into the main product and gaining comfort with Rust, noting Soroban's simplicity. The log is signed by Tejas.