Stellar

Blockchain

[About Client]

The client is a well-established entity in the world of decentralized finance, holding a significant TVL on Ethereum. Their expansion to the Stellar blockchain, a NON-EVM chain, marks a strategic move to diversify their offerings and tap into new market segments. The integration with Stellar Blockchain demonstrates their commitment to embracing cutting-edge blockchain technologies to enhance their services and user experience.

Need Help With Your Idea?

[business need]

Integration with Non-EVM Blockchain

The client sought to integrate with Stellar, a non EVM Layer 1 blockchain, to expand beyond their existing Ethereum-based platform.

Adapting Uniswap V2 for Stellar

The need to modify and implement Uniswap V2, A prominent DeFI protocol, to be compatible with the Stellar Blockchain.

Enhancing Scalability and Security

To leverage Stellar advanced scalability and security features, aligning with the client s goal of offering a robust trading platform.

Diversifying Technology Portfolio

Aiming to diversify their technology capabilities to include non-EVM blockchains, thereby future proofing their platform.

Expanding Market Reach

To capture a broader audience by embracing a grow mx-0ing blockchain ecosystem, thereby increasing their market presence

Improving User Experience

Focus on enhancing the user experience by utilizing Stellar user friendly and efficient blockchain architecture.

Innovative Trading Solutions

Developing a cutting edge trading solutions to stay ahead in the competitive DeFi Space.

[Challenges]

The DEX relies on data from multiple external APIs to retrieve token prices (XLM and others). This can lead to inconsistencies if APIs have different update rates or data discrepancies.

Connecting wallets, managing transactions, and understanding the DEX interface can be complex for new users.

The DEX might not support all Stellar-based tokens and coins, potentially excluding users who want to trade less common assets.

Users may not understand the concept of trustlines or encounter difficulties establishing them on the Stellar network, hindering their ability to trade specific assets on the DEX.

Developers unfamiliar with Rust may find the Stellar SDK challenging to integrate due to its language-specific nature.

DEX users are inherently exposed to potential security risks like phishing attacks or fraudulent transactions.

Documentation might not reflect the latest Freighter wallet version or Stellar platform updates, leading to connection errors or unexpected behavior.

As the DEX user base and transaction volume increase, performance issues and scalability problems could arise.

[solutions]

Implement logic to aggregate data from multiple sources and calculate an average price for each token. Prioritize reliable APIs with high update frequency and track their historical performance. Consider offering a configurable option for users to select their preferred price source (if applicable).

Design an intuitive and user-friendly interface with clear instructions and visual aids. Implement tutorials or walkthroughs that guide users through basic DEX functionalities. Offer comprehensive FAQs or support resources to address user questions and troubleshooting.

Choose appropriate infrastructure and architecture to handle high traffic and transaction loads. Implement optimization techniques to ensure smooth DEX operation under increased usage. Develop a monitoring system to identify and address potential performance bottlenecks.

Regularly update documentation to match the current Freighter and Stellar versions. Clearly highlight compatibility requirements for wallets and platform versions. Provide instructions or workarounds for users encountering issues due to outdated documentation.

Clearly list the supported tokens and coins in your documentation, categorized by type (e.g., native assets, custom tokens) for easy reference. Explain the criteria for adding additional token/coin support to the DEX. Consider offering a mechanism for users to request the inclusion of specific tokens/coins, if feasible.

Implement robust security measures to protect user wallets and data. Educate users on best practices for secure wallet management and transaction verification. Clearly communicate the security limitations of the DEX and user responsibilities.

Provide detailed documentation with code examples in both Rust and a more widely understood language like JavaScript (if feasible).Consider offering pre-built components that handle common Stellar interactions for ease of integration. Include tutorials or guides that walk developers through the process of using the Rust SDK in your DEX development process.

Provide clear and concise explanations of trustlines within your documentation. Explain their purpose, how they work, and why they are necessary for trading specific assets. Include step-by-step instructions on how to establish trustlines for various assets on the Stellar network, potentially using screenshots or visuals. Consider offering an in-app tutorial or guide that walks users through the trustline creation process directly within the DEX interface. Clearly communicate the XLM reserve requirement associated with trustlines to manage user expectations regarding potential minimum account balances.