Stellar Ecosystem
News

Cables Finance launched on Stellar as a hybrid FX exchange combining centralized liquidity with on-chain settlement. Features include central limit order book (CLOB), slippage-free trading, and OTC capabilities, backed by Stellar Development Foundation.

Cables Finance has launched on the Stellar network as a semi-decentralized FX trading platform featuring a central limit order book, slippage-free trading, and OTC capabilities. The launch represents a collaboration between Cables Finance and the Stellar Development Foundation to democratize access to cross-border payments and FX trading globally.

Script3 founder Markus Paulson-Luna discusses Blend Capital, a decentralized lending protocol on Stellar that lets users, DAOs, and institutions create customizable lending pools. The interview covers Blend's architecture, insurance mechanisms, and integration with Beans.

STOCKen CAPITAL has been awarded in Stellar Community Fund #24, marking a key milestone in integrating Soroban services. The funding enables enhancements in cryptocurrency payments via Stellar, smart contracts with Soroban, and oracle connections for secure legal processes. This advances their platform for capital acquisition and digital governance using blockchain.

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.

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.

Runtime Verification completed an audit of Band Protocol's Rust implementation of the Band Standard Reference Soroban Smart Contract. This contract enables querying real-world asset prices from BandChain into the Stellar network's Soroban mainnet. The audit identified issues and informative findings, with a detailed report available.

The Stellar Development Foundation launched the Soroban Security Audit Bank, distributing up to $1M in audit credits from six top-tier firms to 20-30 high-priority projects building on Soroban to strengthen smart contract security across the ecosystem.

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.

MYKOBO announces SEPA rails support for Circle’s EURC stablecoin on the Stellar blockchain, enabling European users to deposit and withdraw Euros via the LOBSTR wallet. EURC is fully reserved and redeemable 1:1 for Euro, issued on multiple chains including Stellar. This enhances Euro stablecoin interoperability and accessibility on Stellar.

The Stellar Development Foundation ran a dogfooding experiment called the Okashi Cakewalk, a web-based smart contract game built on Soroban that enabled all SDF employees—regardless of technical background—to write, deploy, and invoke smart contracts. Over 170 NFTs were minted on Futurenet, demonstrating successful onboarding to Soroban development and providing valuable UX feedback to the Okashi team.

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.

WisdomTree, a $100B+ asset manager, launched WisdomTree Prime, a unified financial platform built on Stellar that enables customers to seamlessly manage digital assets, traditional investments, and fiat currencies in one application. The platform leverages Stellar's native asset controls and tokenization capabilities to offer 13 digital funds and a gold token.

A technical guide comparing data types between Solidity (EVM) and Rust (Soroban), part 2 of a migration series. The article covers primitive and composite types, key differences like String vs. Symbol, and provides code examples for both languages.

Soroban smart contracts platform launches on Stellar mainnet with $100 million adoption fund committed by SDF. The fund has already supported 160+ projects building DeFi applications on Stellar.

The Stellar Development Foundation commissioned PwC to develop a global financial inclusion framework to help assess how blockchain-based solutions can advance digital financial inclusion and enhance the social impact of financial service providers.

Beans App and Blend Capital partnered to bring DeFi to underserved markets via Stellar's Soroban platform. Users can now convert physical cash to crypto through MoneyGram, earn yield on Blend's lending pools, and withdraw back to fiat, eliminating traditional banking intermediaries.

The Stellar Development Foundation submitted a response to the U.S. Treasury's Request for Information on Financial Inclusion, advocating for open-source blockchain technology and transparent systems to advance financial access. SDF emphasized the importance of free or low-cost digital financial services, smart contracts, and open data initiatives in creating inclusive financial systems.

Soroban has reached phase 1 on mainnet, enabling the deployment of a registry contract for Soroban Domains. The team has updated the code to support subdomain registration and invalidation, with plans for domain transfer and liquidation features. They are also integrating support into xBull Wallet and excited for Stellar ecosystem developments.

A roundup of global crypto regulations, adoption trends, and developments, including UK stablecoin laws, Hong Kong licensing, and South Africa's embrace of stablecoins. Highlights mainstream adoption like Swiss Postfinance's crypto services and Web3 hurdles. Notably features the launch of smart contracts on the Stellar network, marking a new era for the blockchain.

Stellar launched smart contracts on Mainnet on Feb. 20 with a phased rollout prioritizing network stability. Over 160 projects on Testnet will gradually deploy as transaction limits increase, enabling low-cost DeFi applications built on Rust and WASM.