Lusty Finance is evolving an options protocol on Stellar from a working testnet version to a fully trustless architecture on mainnet. With Stellar Community Fund backing, the team is migrating collateral, settlement, and premium distribution from backend servers to Soroban smart contracts, using Reflector oracles for price feeds. Already live on testnet with 211 connected wallets and $1,500 in real user premiums paid.
Lusty Finance is transitioning an options protocol on Stellar from a working but partially-centralized version to a fully on-chain, trust-minimized system powered by Soroban smart contracts and Reflector oracles. Backed by the Stellar Community Fund, the team has validated demand: 211 wallets connected, users paid $1,500 in option premiums, and thousands of Season 0 leaderboard points were distributed. The mainnet roadmap addresses the protocol's last operator dependencies. Settlement, collateral management, and premium distribution will move entirely to smart contracts, with settlement triggered by anyone when an option expires. The team is also building a reusable framework to support options on multiple assets (XLM, wrapped Bitcoin, more) without rebuilding infrastructure each time. Security is embedded throughout: permissionless settlement, replay protection, portfolio exposure controls, multisig administration, and a public adversarial testing program precede mainnet launch. The evolution reflects a broader Soroban narrative: developers using Soroban to build financial primitives like derivatives that Stellar hadn't supported before.
