AssetDesk has secured an R&D grant from the Stellar Community Fund to develop the AssetDesk protocol, a new money markets protocol for Stellar's Soroban smart contracts platform. The protocol enables decentralized borrowing and lending with features like margin trading, flash loans, NFT lending, and stablecoin markets. It aims to enhance capital efficiency in Stellar's DeFi ecosystem.
AssetDesk announced receiving a research and development grant from the Stellar Development Foundation via the Stellar Community Fund to build the AssetDesk protocol on Soroban, Stellar's Rust-based smart contracts platform currently live on the Futurenet testnet. This non-custodial liquidity protocol allows users to deposit liquidity for passive income or borrow in overcollateralized or undercollateralized manners. Key features include margin and limit positions, flash loans, NFT lending markets, and stablecoin markets, expanding DeFi capabilities on Stellar. Soroban integrates with Stellar's existing borderless payments network, enabling global access to cheap, instant payments and asset exchanges. The team has begun testing the web app and smart contracts, with more updates forthcoming via their social channels.