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VideoYouTubeStellar Development FoundationNovember 19, 20214y ago20:24

Unlocking DeFi with Stellar Turrets

Tyler Vanderhoeven from the Stellar Development Foundation presents Stellar Turrets, a decentralized transaction creation and signing protocol that enables DeFi applications on Stellar by removing the need for centralized intermediaries to control accounts.

DeFiSmart ContractsDeveloper Tools
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Tyler Vanderhoeven, ecosystem engineer at the Stellar Development Foundation, discusses Stellar Turrets (formerly TSS or Turing Signing Server Network), a protocol enabling decentralized transaction creation and signing for DeFi on Stellar. While Stellar has decentralized transaction execution, it lacks native smart contracts for composing transactions in a decentralized manner. Stellar Turrets solves this by using multi-signature accounts and contract servers that host JavaScript functions producing XDRs. Service providers upload contracts to multiple turrets, which return signing keys added to controlled accounts. Users then call these contracts via API endpoints to receive signed XDRs, which they combine and submit to Stellar. The protocol has completed third-party audits and is moving toward public beta. Early adopters include Script3 (yield products and lending), Task.io (NFTs), Light Mint (gaming), and others exploring decentralized governance and royalty mechanics.

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