Soroswap, an AMM and DEX aggregator built on Soroban, launched on Mainnet. The team discussed how Soroswap enables swaps for custom Soroban tokens unavailable on Stellar Classic, with transaction costs 1000x lower than Ethereum and plans to aggregate liquidity across multiple protocols.
Soroswap, a decentralized exchange and automated market maker built on Soroban, launched on Mainnet during this Discord Space. The team, led by CEO Esteban Iglesias and including developers Joaquin and Francisco from Chile, explained how Soroswap differs from Stellar Classic DEXs by supporting custom tokens with specialized functions. They highlighted transaction costs of 0.014 dollars compared to 12-90 dollars on Ethereum, emphasizing efficiency gains. The roadmap includes building an aggregator to split trades across multiple protocols including Comet and Phoenix, implementing bridges like Pendulum, and adding on-ramp/off-ramp capabilities. The team emphasized open-source development, community collaboration with projects like Mercury and Fritter, and a commitment to decentralization with no admin functions that could compromise security.
