Phoenix DeFi Hub completes Phase 1 on Soroban with live swap and LP functionality. The team is now applying for Phase 2 funding to add routing APIs, fiat onramps via Kato, SubQuery integration, and a public data API for the Stellar ecosystem.
Griffin from Phoenix presented the completion of Phase 1 of Phoenix Dex on Soroban, with swap and liquidity pool features now live at phoenix-hub.io. The protocol includes no unbonding periods, allowing users to withdraw assets anytime while earning APR. Phase 1 exceeded expectations with open-source libraries, 93% test coverage, and an upcoming audit. The team expanded and presented at Meridian. Phase 2 will introduce optimal swap routing APIs, Kato integration for fiat onramps, SubQuery integration for dashboards, UI improvements for multi-anchor asset management, and a public API providing token prices and trade history to external developers.