Curve Finance has launched its StableSwap protocol on the Stellar mainnet, marking the automated market maker's first native deployment outside the Ethereum Virtual Machine ecosystem. Supported by the Stellar Development Foundation and built via the Soroban smart-contract platform, the integration targets institutional demand for stablecoin and tokenized asset trading on Stellar, which hosts entities like Franklin Templeton and MoneyGram. Curve plans to introduce its FXSwap protocol following a completed security audit.
Curve launches StableSwap on Stellar
- ▪The Stellar Development Foundation supported Curve Finance's deployment on Stellar's smart-contract platform, Soroban.
- ▪Curve Finance launched its StableSwap protocol on the Stellar mainnet, marking its first native deployment outside the EVM ecosystem
- ▪Curve Finance stated that Stellar will remain its only planned non-EVM expansion for the foreseeable future.
- ▪Curve Finance's initial deployment on Stellar is accessible to users through a beta interface at stellar.curve.finance.
Leaders comment on the Stellar deployment
- ▪Curve Finance founder Michael Egorov stated that the expansion to Stellar was driven by institutional demand for deeper liquidity.
- ▪Stellar Development Foundation CEO Denelle Dixon stated that Curve Finance choosing Stellar for its first non-EVM deployment demonstrates the network's suitability for financial applications.
How Curve's protocol functions on Stellar
- ▪Curve Finance's liquidity pools on Stellar allow users to perform permissionless pool creation, swap stablecoins, provide liquidity, and collateralize liquidations in lending applications.
- ▪Curve Finance's StableSwap protocol concentrates liquidity around expected exchange rates to enable lower slippage when swapping assets pegged to the same currency.
- ▪Curve Finance rebuilt its StableSwap protocol using Stellar's Soroban smart contract platform while preserving its underlying pricing mathematics.
Curve plans FXSwap launch on Stellar
- ▪Curve Finance plans to launch FXSwap on Stellar following a security audit to enable trading between assets with fluctuating relative values, such as stablecoins pegged to different fiat currencies.
- ▪Curve Finance's FXSwap protocol concentrates liquidity around prevailing market exchange rates for foreign exchange conversion onchain.
Trading fee distribution
- ▪Trading fees generated by Curve Finance's Stellar deployment will contribute to the Curve DAO under existing protocol fee arrangements.
- ▪Liquidity providers on Curve Finance's initial set of Stellar pools can earn trading fees.
Protocol deployment history and goals
- ▪Curve Finance described its initial Stellar release as a limited deployment with the long-term goal of bringing its broader liquidity infrastructure to the network.
- ▪Curve Finance originally launched StableSwap on Ethereum in 2020 before expanding across multiple EVM-compatible networks.
Stellar features institutional controls and adoption
- ▪The Stellar network supports built-in issuer controls, including identity verification, asset freezes, and clawbacks for regulated financial products.
- ▪Franklin Templeton operates a tokenized money market fund on the Stellar network, while MoneyGram utilizes Stellar for payment services.
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