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One liquidity hub

Problem​

Running pools on several chains splits capital, gives two prices for the same protection, and doubles oracle and operations work. But users hold stablecoins on many chains.

Approach​

Stellar is the single liquidity hub: every pool, contract and settlement lives there. Other chains are funding networks. Users deposit stablecoins there; the routing layer converts them to USDC where needed and moves them to Stellar through Circle CCTP. Every routing step is recorded in a ledger so funds in transit are always accounted for.

Why​

  • Deeper liquidity per pool, one price per contract, one oracle.
  • Users can still fund from where their money is.
  • Routing providers are interchangeable, so a better route can be added without changing the product.

Trade-offs​

  • EVM deposits take longer than Stellar deposits and carry Circle's transfer fee.
  • Chain risk is concentrated on Stellar.