DeFi, payments, tokenization, Soroban, governance, and project launches — curated daily from publications, project blogs, and community channels across the Stellar blockchain ecosystem.
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.
Pendulum's Q1 2024 roundup highlights the launch of the Spacewalk bridge connecting Stellar and Polkadot ecosystems for seamless XLM and stablecoin transfers. Key developments include reward structures for bridge vaults, new liquidity pools on Zenlink and StellaSwap, and progress on Forex AMM powered by Nabla. Community engagement and governance updates further strengthen the ecosystem's growth.
The Spacewalk Bridge is now live on the Pendulum network, enabling trust-minimized transfers of XLM and fiat-backed stablecoins like EURC, AUDD, NGNC, TZS, and BRL between Stellar and Polkadot ecosystems. Stellar users can trade XLM on Zenlink DEX and provide liquidity in pools such as XLM.s/PEN and XLM.s/DOT. Pendulum's Forex DEX powered by Nabla offers single-sided liquidity provision without impermanent loss, enhancing DeFi accessibility.
This article explores yield-bearing assets on Stellar using Soroban smart contracts, featuring the Stellar Asset Sandbox by Cheesecake Labs. It provides detailed guides for creating and managing certificates of deposit and bonds on Stellar's testnet.
Range announces a long-term security partnership with Margined Protocol to enhance security for its on-chain perpetuals and vaults on Cosmos. Range will provide customized monitoring, analytics, risk dashboards, and incident response tools. Margined is innovating DeFi perpetual products on CosmWasm networks.
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.
Cheesecake Labs has released an updated Stellar Asset Sandbox with new features including role-based access control, expanded token management, custodial solutions, and treasury management capabilities. The no-code platform enables institutions to test asset tokenization on Stellar's testnet before deploying real assets.
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 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.