A lot is happening on the #Stellar network. Let me walk you trough some of the biggest developments. In this thread i'll cover:
🚀Turing complete smartcontracts
🚀#DeFi / #SmartDefi
🚀Liquidity pools
🚀Claimable balances
🚀Clawbackable assets
🚀#CDBC's
🚀Impact on $XLM
1/9
🚀Turing complete smartcontracts
🚀#DeFi / #SmartDefi
🚀Liquidity pools
🚀Claimable balances
🚀Clawbackable assets
🚀#CDBC's
🚀Impact on $XLM
1/9
2. Let’s start with what what was already there.
#Stellar is made for interoperable payments and has an on-chain #DEX. Its consensus mechanism is similar to the Internet, making it:
✅Fast
✅Cheap
✅Scalable
✅Regulatory friendly
#Stellar is made for interoperable payments and has an on-chain #DEX. Its consensus mechanism is similar to the Internet, making it:
✅Fast
✅Cheap
✅Scalable
✅Regulatory friendly
3. Tss
#Stellar uses operations and multi-sig to offer basic smart contract functionality. It didn’t have turing complete smart contracts like #Ethereum though.
With the new 2nd layer “TSS protocol", #Stellar now has full blown smart-contracts.
medium.com/stellar-commun…
#Stellar uses operations and multi-sig to offer basic smart contract functionality. It didn’t have turing complete smart contracts like #Ethereum though.
With the new 2nd layer “TSS protocol", #Stellar now has full blown smart-contracts.
medium.com/stellar-commun…
3. #DeFi
Using the new TSS protocol, Yield Blox by @script3official is creating a #DEFI money market protocol on #Stellar.
The protocol has functions for lending, borrowing, margin accounts, FX forwards, and staking.
docs.ybx.script3.io/user-docs/gene…
Using the new TSS protocol, Yield Blox by @script3official is creating a #DEFI money market protocol on #Stellar.
The protocol has functions for lending, borrowing, margin accounts, FX forwards, and staking.
docs.ybx.script3.io/user-docs/gene…
4. Liquidity pools
The next protocol upgrade will implement on-chain liquidity pools. This will offer a very efficient way to generate liquidity like we have seen on #Ethereum, but then with near 0 fees and almost instant settlement.
stellar.org/blog/introduci…
The next protocol upgrade will implement on-chain liquidity pools. This will offer a very efficient way to generate liquidity like we have seen on #Ethereum, but then with near 0 fees and almost instant settlement.
stellar.org/blog/introduci…
5. Claimable balance + sponsored reserves
With the claimable balances and sponsored reserves, companies building on #Stellar can offer a seamless onboarding to its users, without the need to explain trustines, fees or even $XLM.
stellar.org/blog/protocol-…
With the claimable balances and sponsored reserves, companies building on #Stellar can offer a seamless onboarding to its users, without the need to explain trustines, fees or even $XLM.
stellar.org/blog/protocol-…
6. Clawbackable assets
This lets issuers of regulated assets clawback assets when needed. This feature is optional, $XLM for example doesn’t have this flag.
The new option makes sure regulated institutions can issue tokenized assets in a regulated way.
stellar.org/blog/protocol-…
This lets issuers of regulated assets clawback assets when needed. This feature is optional, $XLM for example doesn’t have this flag.
The new option makes sure regulated institutions can issue tokenized assets in a regulated way.
stellar.org/blog/protocol-…
7. #CDBC's
Multiple projects are working on the issuance of a #CDBC on #Stellar. Building on #Stellar allows #CB's to issue these assets in a compliant, fast, cheap and scalable way.
#Stellar is like the Internet for #CDB's; making them interoperable.
ledgerinsights.com/stellar-blockc…
Multiple projects are working on the issuance of a #CDBC on #Stellar. Building on #Stellar allows #CB's to issue these assets in a compliant, fast, cheap and scalable way.
#Stellar is like the Internet for #CDB's; making them interoperable.
ledgerinsights.com/stellar-blockc…
8. Impact on $XLM
Adoption of the #Stellar network means that:
🚀More $XLM are locked for minimum balances and reserves
🚀More $XLM is locked in pools and orderbooks
🚀The utility of $XLM grows as you can use it with more and more endpoints
Adoption of the #Stellar network means that:
🚀More $XLM are locked for minimum balances and reserves
🚀More $XLM is locked in pools and orderbooks
🚀The utility of $XLM grows as you can use it with more and more endpoints
https://twitter.com/pickingunicorns/status/1377639891723501568
9. Summary
#Stellar already was fast, cheap and scalable, but is rapidly making progress in the direction of off-chain smartcontracts, #DeFi, liquidity pools and the issuance of regulated assets like #CDBC's.
The future looks bright! Will #Stellar proof be the #Ethereum killer?
#Stellar already was fast, cheap and scalable, but is rapidly making progress in the direction of off-chain smartcontracts, #DeFi, liquidity pools and the issuance of regulated assets like #CDBC's.
The future looks bright! Will #Stellar proof be the #Ethereum killer?
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