Tomas from Cyclo Labs discusses Mercury, a Soroban-focused data indexing service, and Cyclones flash loan protocol at Stellar Meridian 2024. He explains how Mercury indexes on-chain data for DeFi applications and addresses liquidity challenges on Soroban while highlighting Stellar's technical advantages.
At Stellar Meridian 2024 in London, Tomas from Cyclo Labs discusses Mercury, the most-used data indexing platform on Soroban, which reorganizes blockchain data for efficient querying by applications and developers. Mercury is currently in beta and powers several DeFi protocols including Soroswap and Blend. Tomas also covers Cyclones, a flash loan protocol that enables efficient DeFi operations like leverage creation and liquidations, though adoption is limited by current Soroban ledger constraints. He addresses data integrity through verifiable on-chain data and open-source processing rather than tokenomics. The conversation highlights Soroban's early stage, liquidity challenges for institutional adoption, and Stellar's technical strengths including the Soroban Virtual Machine, parallelization support, proof-of-agreement consensus, and developer-friendly interface.
