{"id":644,"date":"2022-09-28T10:58:55","date_gmt":"2022-09-28T10:58:55","guid":{"rendered":"https:\/\/stellar-wallet.org\/arts\/?p=644"},"modified":"2022-09-28T10:58:55","modified_gmt":"2022-09-28T10:58:55","slug":"defi-on-the-stellar-blockchain","status":"publish","type":"post","link":"https:\/\/stellar-wallet.org\/arts\/defi-on-the-stellar-blockchain.html","title":{"rendered":"DeFi on the Stellar blockchain (XLM) is gaining momentum"},"content":{"rendered":"<p><span style=\"font-weight: 400\">DeFi Lumenswap platform, built on the\u00a0<\/span><a href=\"https:\/\/stellar-wallet.org\/arts\/stellar-the-star-blockchain.html\" rel=\"dofollow\"><span style=\"font-weight: 400\">Stellar<\/span><\/a><span style=\"font-weight: 400\"> blockchain, will soon introduce a smart order routing system. This should significantly increase the profitability of swaps and give a new impetus to both the platform and the Stellar network as a whole.<\/span><\/p>\n<h2><b>DeFi platform on Stellar impresses with new update<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Stellar refers to the native DEX (decentralized exchange) Lumenswap. Lumenswap (LSP) is the first fully decentralized AMM trading platform on the altcoin blockchain. The LSP&#8217;s own DEX token is used to control the platform, for example with a DAO.<\/span><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-647 size-large\" src=\"https:\/\/stellar-wallet.org\/arts\/wp-content\/uploads\/2022\/09\/stellar-defi-intext-picture1-1024x410.jpg\" alt=\"Smart order routing\" width=\"1024\" height=\"410\" srcset=\"https:\/\/stellar-wallet.org\/arts\/wp-content\/uploads\/2022\/09\/stellar-defi-intext-picture1-1024x410.jpg 1024w, https:\/\/stellar-wallet.org\/arts\/wp-content\/uploads\/2022\/09\/stellar-defi-intext-picture1-300x120.jpg 300w, https:\/\/stellar-wallet.org\/arts\/wp-content\/uploads\/2022\/09\/stellar-defi-intext-picture1-768x307.jpg 768w, https:\/\/stellar-wallet.org\/arts\/wp-content\/uploads\/2022\/09\/stellar-defi-intext-picture1.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p><span style=\"font-weight: 400\">In an official tweet, DEX announced the launch of a new protocol called Smart Order Routing, or SOR for short. This should further increase the profitability of the crypto exchange. As a rule, the protocols in Stellar Lumens rely on Horizon API. Its task is to find the best prices for token swaps and profitable mining, but it isn\u2019t entirely efficient in this respect. Automated\u00a0<\/span><a href=\"https:\/\/en.wikipedia.org\/wiki\/Market_maker\" rel=\"dofollow\"><span style=\"font-weight: 400\">market<\/span><span style=\"font-weight: 400\"> makers<\/span><\/a><span style=\"font-weight: 400\"> on Stellar (XLM) should achieve much better results with this new protocol.<\/span><\/p>\n<p><span style=\"font-weight: 400\">To achieve this goal, the protocol analyzes the liquidity statistics of all pools on Lumenswap (LSP), trying to find the most profitable exchange pairs. It then reroutes this order to several pools, which may contain other swap pairs. What this is can be read in the swap details. A simple click on the rainbow SOR button is enough.<\/span><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-645 size-full\" src=\"https:\/\/stellar-wallet.org\/arts\/wp-content\/uploads\/2022\/09\/stellar-defi-intext-picture2.jpg\" alt=\"stellar usd chart\" width=\"957\" height=\"510\" srcset=\"https:\/\/stellar-wallet.org\/arts\/wp-content\/uploads\/2022\/09\/stellar-defi-intext-picture2.jpg 957w, https:\/\/stellar-wallet.org\/arts\/wp-content\/uploads\/2022\/09\/stellar-defi-intext-picture2-300x160.jpg 300w, https:\/\/stellar-wallet.org\/arts\/wp-content\/uploads\/2022\/09\/stellar-defi-intext-picture2-768x409.jpg 768w\" sizes=\"(max-width: 957px) 100vw, 957px\" \/><\/p>\n<p><span style=\"font-weight: 400\">For a while, the rate of XLM reacted positively to this news, but soon the price of XLM coin dropped due to the overall bad mood in the market. At the time of writing, the value of one coin is $0.11.<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"Lumenswap Overview &amp; Guide\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/in7eiqAEubA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>DeFi Lumenswap platform, built on the\u00a0Stellar blockchain, will soon introduce a smart order routing system. This should significantly increase the profitability of swaps and give a <a class=\"mh-excerpt-more\" href=\"https:\/\/stellar-wallet.org\/arts\/defi-on-the-stellar-blockchain.html\" title=\"DeFi on the Stellar blockchain (XLM) is gaining momentum\">&#8230;<\/a><\/p>\n<\/div>","protected":false},"author":4,"featured_media":646,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/stellar-wallet.org\/arts\/wp-json\/wp\/v2\/posts\/644"}],"collection":[{"href":"https:\/\/stellar-wallet.org\/arts\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stellar-wallet.org\/arts\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stellar-wallet.org\/arts\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/stellar-wallet.org\/arts\/wp-json\/wp\/v2\/comments?post=644"}],"version-history":[{"count":1,"href":"https:\/\/stellar-wallet.org\/arts\/wp-json\/wp\/v2\/posts\/644\/revisions"}],"predecessor-version":[{"id":648,"href":"https:\/\/stellar-wallet.org\/arts\/wp-json\/wp\/v2\/posts\/644\/revisions\/648"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stellar-wallet.org\/arts\/wp-json\/wp\/v2\/media\/646"}],"wp:attachment":[{"href":"https:\/\/stellar-wallet.org\/arts\/wp-json\/wp\/v2\/media?parent=644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stellar-wallet.org\/arts\/wp-json\/wp\/v2\/categories?post=644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stellar-wallet.org\/arts\/wp-json\/wp\/v2\/tags?post=644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}