Lumen Loop
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VideoYouTubeStellar GlobalJuly 29, 20241y ago1:29:54

Showcasing Blend Lending/Borrowing Protocol & Orbitlens’s Reflector Oracles and upcoming DAO

Script3 demos Blend, a lending pool primitive on Stellar that lets projects launch their own lending pools with dynamic interest rates and automatic insurance. Orbit Lens presents Reflector, a decentralized oracle network moving toward DAO governance with a new utility token.

DeFiOraclesDAO
Lumen Loop's take

In this Stellar Global community event, Script3 (Marcus and Alex) demonstrated Blend, a protocol enabling projects to create custom lending pools on Stellar. Key features include dynamic interest rate models adapted from Reflexer, automatic backstop insurance mechanisms, and batch transaction actions. The protocol has attracted early adopters like ClickPesa and XLR launching their own pools. Orbit Lens then presented Reflector, a decentralized price feed oracle network operated by Script3, Publicnode, Ultrastellar, Cyclolabs, and StellarExpert. Reflector is transitioning to DAO governance with a new utility token (XRF) that will enable governance voting, subscription services for faster price updates, and node operator incentives. The token will be issued on Stellar Classic and usable on Soroban, with no pre-sales or venture capital involvement.

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3 projects linked
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Decentralized price feed oracle for Stellar DeFi smart contracts to support derivatives, lending, and asset management.

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Open source, flexible, fully functional DAO smart contract framework inspired by the OpenZeppelin Governor.

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