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By Stellars Finance: Cross-Chain Perpetuals

Bringing Perpetuals on Stellar

SCF #40
$119.3K
Build
Awarded
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Gives Stellar a native perpetuals platform so users can trade any market instantly, securely, and without intermediaries.

Products & Services

Please check our Demo : Video

Stellars Finance is a Soroban-based perpetual futures protocol for leveraged synthetic asset trading on Stellar.

Smart Contracts:
Five Rust contracts (PositionManager, LiquidityPool, MarketManager, OracleIntegrator, ConfigManager) manage all protocol operations. Utilizes Stellar's 5-second finality and low transaction costs. Isolated architecture separates fund storage from trading logic to enable independent contract upgrades without state migration.

Backend Services:
Node.js indexer synchronizes blockchain events to PostgreSQL database in real-time. REST API and WebSocket endpoints serve frontend queries. Keeper bot executes liquidations, updates funding rates every 60 seconds, extends storage TTL, and triggers auto-deleveraging when required.

Oracle Integration:
Aggregates price feeds from Pyth Network, DIA, and Reflector using median calculation. Validates signatures with Stellar's native cryptography. Deterministic transaction ordering prevents MEV exploitation.

Frontend Application:
React-based trading interface with TradingView charts, position monitoring, and LP analytics. Integrates with Freighter and Lobstr wallets. Mobile-responsive design.

Soroban

Yes

Requested Budget

$119.3K

Success Criteria

Short-Term Outputs (first 6 months post-launch)

  • 1,000+ testnet participants engaging in trading and bug-bounty campaigns.

  • 10,000+ active mainnet traders within the first quarter.

  • $10 million in cumulative trading volume and $1 million in open interest by Month 6.

Long-Term Impact (12 months and beyond)

  • Positioning Stellar as a competitive DeFi venue capable of hosting high-volume derivatives trading.

  • Expanding financial access by giving users in emerging markets exposure to global assets through low-fee synthetic trading.

  • Deepening Stellar liquidity, as cross-chain collateral inflows increase on-chain TVL and transaction volume.

  • Creating new yield opportunities for Stellar asset holders through funding-rate income and liquidity provision.

Ultimately, success will be measured not just in metrics but in impact — transforming Stellar from a payments network into a full-stack DeFi ecosystem, where anyone, anywhere can access leveraged trading and global markets without leaving the network.

Go-To-Market Plan

Testnet Launch & Public Stress Test

Within four weeks of grant approval, we’ll deploy the Stellars Finance MVP on the Soroban testnet. The goal is to stress-test the perpetual trading engine, oracle integrations, and liquidation system under real trading conditions.
Early users will earn rewards for opening and closing positions, providing liquidity, and reporting bugs—turning the testnet into a public “dress rehearsal” for mainnet.
An open bug bounty program will encourage developers and traders to audit contracts before mainnet launch.

Community and Developer Activation

We’ll position Stellars Finance as the first Soroban-native perpetuals platform by engaging Stellar’s developer and trader communities early. Educational threads, workshops, and walkthroughs will demonstrate how Soroban contracts manage perpetuals, attracting both technical users and DeFi enthusiasts.
We’ll also collaborate with wallet providers to make onboarding frictionless for existing Stellar users.

Liquidity Bootstrapping & Incentives

After the testnet phase, we’ll initiate a Genesis Trading Campaign — a 90-day mainnet incentive program rewarding early traders and liquidity providers.
Participants will earn boosted fee rebates and leaderboard rewards in XLM or native tokens, encouraging healthy funding rates, deep liquidity, and social sharing from day one.

Coordinated Mainnet Rollout

Two weeks prior to mainnet, we’ll begin the first security audit and open-source our contracts for community review.
The mainnet launch (targeted for February 2026) will include BTC, ETH, and XLM perpetual markets, ensuring immediate user adoption and ecosystem visibility through coordinated press and partner announcements.

Continuous Growth & Retention

Post-launch, protocol revenue will fund ongoing community incentives such as trading rebates, referral programs, and trader competitions, driving sustained engagement.
Educational content and social leaderboards will turn Stellar’s fast confirmations and low fees into a social trading advantage, fostering a self-sustaining growth loop within the Stellar ecosystem.

Traction Evidence

Please check our Demo : Video

Perpetual futures are currently the largest category in DeFi by trading volume, highlighting a major opportunity for Stellar.

According to DefiLlama, decentralized perpetuals platforms process $27.4 billion in daily volume, $17.1 billion in open interest, and over $1.3 trillion monthly (DefiLlama).

Capturing even 1% of this market (~$274M daily) would yield approximately $164,000 in protocol fees per day at a 0.06% rate — equivalent to $60M+ annualized revenue — demonstrating the substantial potential of a native Stellar perpetuals platform.

Stellar’s fast deterministic finality, low fees, and native anchor integrations uniquely position it to support high-frequency and fiat-accessible DeFi trading, which remains prohibitively expensive on most other chains.

Team Experience:

The Stellars Finance team combines software engineering, blockchain development, and ecosystem leadership experience:

  • Background in software engineering at PwC (Big 4).

  • Consulting and development for early-stage Web2 and Web3 startups.

  • Soroban smart contract experience and active participation in the Stellar ecosystem.

  • Built JayPigs, a cross-chain NFT renting platform (full-stack + smart contracts).

  • Developed AI-driven infrastructure supporting a meme coin that reached $40M+ market cap.

  • Leads a community of 500+ blockchain engineers and organizes regular hackathons and technical meetups.

Tranche 1 (Deliverable Roadmap) - MVP

[Deliverable 1] Core Smart Contracts

Description: Implement five Soroban contracts in Rust (PositionManager, LiquidityPool, MarketManager, OracleIntegrator, ConfigManager) with position lifecycle management, funding rate calculations, and liquidation logic. Market orders only. Mock oracle prices for testing.

Measurement: All contracts compile to WASM, are deployable to a local Soroban node, and have basic functionality operational (open/close positions, deposit/withdraw liquidity).

Estimated Completion: November 30, 2025

Budget: $21,250

[Deliverable 2] Testing Infrastructure & Deployment Scripts

Description: Comprehensive test suite including unit tests for all contract functions, fuzz testing for edge cases and attack vectors, integration tests for multi-contract workflows, and end-to-end scenarios simulating trader and LP interactions. Automated deployment scripts for local and testnet environments.

Measurement: Test coverage exceeds 90%, all tests pass consistently, fuzz tests run without panics, deployment scripts successfully deploy contracts to a local node, and documentation of test scenarios is completed.

Estimated Completion: December 31, 2025

Budget: $19,800

[Deliverable 3] Advanced Order Types & Oracle Integration

Description: Replace mock oracles with Pyth Network integration using Stellar signature validation. Implement limit orders, stop-loss orders, and take-profit orders in the PositionManager contract. Include price staleness checks and replay protection.

Measurement: Live oracle prices are validated on-chain, all order types are functional in tests, and 100+ test trades execute successfully with real price feeds.

Estimated Completion: January 15, 2026

Budget: $11,300

Tranche 2 (Deliverable Roadmap) - Testnet

[Deliverable 4] Testnet Deployment & Backend Indexer

Description: Deploy all contracts to the Stellar testnet. Build a Node.js indexer service that subscribes to contract events, parses and stores data in PostgreSQL. Provide basic REST API endpoints for querying positions and markets. Connect to the existing frontend prototype.

Measurement: Contracts live on testnet with verified code, indexer processes 100% of events in real time, API responds with <100 ms latency, and the frontend successfully displays live testnet data.

Estimated Completion: January 31, 2026

Budget: $10,900

[Deliverable 5] Keeper Bot System

Description: Implement an automated keeper service for liquidation monitoring, funding rate updates (every 60 seconds), storage TTL extensions, and ADL execution. Conduct an economic analysis to ensure keeper profitability. Open-source the codebase for community keepers.

Measurement: Keeper bot operational 24/7 on testnet, successful execution of 100+ liquidations, funding rates updating on schedule, no TTL expirations occur, and the keeper earns positive returns after gas costs.

Estimated Completion: February 14, 2026

Budget: $9,700

[Deliverable 6] Security Audits & Comprehensive Testing

Description: Engage an independent security audit firm for smart contract review. Address all critical and high-severity findings. Build frontend and backend test suites (unit, integration, E2E). Conduct an internal QA process with documented test cases and results.

Measurement: Completed audit reports published, all critical/high findings resolved and reverified, frontend E2E tests cover all user flows, backend API tests achieve 95%+ coverage, and internal QA sign-off completed.

Estimated Completion: February 28, 2026

Budget: $11,900

Tranche 3 (Deliverable Roadmap) - Mainnet

[Deliverable 7] Production Frontend with Professional Design

Description: Implement finalized branding and UI/UX design from a professional agency. Build a production-grade React frontend with TradingView integration, advanced position management, an LP dashboard with analytics, and mobile-responsive layouts. Integrate wallets for Freighter and Lobstr.

Measurement: Frontend deployed with <2-second load times, all designs implemented pixel-perfect, 50+ beta users complete test sessions successfully, accessibility audit passed, and mobile functionality verified on iOS and Android.

Estimated Completion: March 10, 2026

Budget: $20,400

[Deliverable 8] Production Infrastructure & Load Testing

Description: Deploy multi-region backend infrastructure (PostgreSQL read replicas, Redis caching, load balancers). Configure monitoring with Grafana and Prometheus. Implement a CI/CD pipeline for automated deployments. Execute load testing simulating 1,000+ concurrent users.

Measurement: Infrastructure operational across three regions with <150 ms global API latency, 99.9% uptime achieved during the testing period, load tests pass without degradation, automated deployment pipeline functional, and monitoring dashboards live.

Estimated Completion: March 20, 2026

Budget: $8,250

[Deliverable 9] Mainnet Launch Preparation & Public Testing

Description: Deploy contracts to the Stellar mainnet. Provide initial protocol liquidity. Run a 30-day public beta with community testing. Integrate PostHog analytics for usage tracking. Launch a bug bounty program. Conduct a final security review and operational readiness assessment.

Measurement: All contracts deployed and verified on mainnet, initial liquidity provided, 100+ unique traders participate in beta, analytics dashboard tracks key metrics, zero critical incidents during the beta period, and public documentation is complete.

Estimated Completion: March 30, 2026

Budget: $5,800

Team

Stellars Finance is led by a proven, multidisciplinary team with deep experience in Web3, product scaling, and DeFi innovation.

- Quinn (CEO):

Former engineer at a big 4 consulting firm (pwc), built production systems for millions of daily users at one of the biggest german news sites (ntv). Consultant and developer for multiple early stage web2 & web3 companies. Experienced in getting startups from 0 to 1 and scaling production systems.

https://www.linkedin.com/in/quinn-eschenbach-7b66b3274/

https://github.com/quinn-eschenbach?tab=repositories

- Luis (Operations & Strategy): CEO of Jobited, a blockchain recruitment platform serving over 2,000 clients, experienced in scaling B2B Web3 products.

https://www.linkedin.com/in/luis-homann/

- Mani Patel (Marketing):

Former VP of Forbes Web3, with extensive experience in ecosystem growth, brand partnerships, and community strategy.

https://www.linkedin.com/in/mani-p-b88807218?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=android_app

- Joshua (Advisor):

CEO of Peridot (Stellar Testnet)
Multiple-time hackathon winner and team leader with over a decade of experience building blockchain and cross-chain protocols.
https://www.linkedin.com/in/joshua-schiemann-022729286/

https://github.com/joshschcom

- Leo (Advisor):

Advisor to Stabble Org, a stablecoin and DeFi platform with over $2M TVL on Solana, guiding protocol economics and partnerships.

https://www.linkedin.com/in/lennart-schwert-a33aaaa0?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=android_app

Together, we combine technical excellence, proven leadership, and strong industry connections to bring the first perpetual futures protocol to Stellar.

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Luis

Luis

Project Stats

Team Size
1
Category
Financial Protocols
Total awarded
$119.3K*
Awarded Submissions
1

Other Submissions

No other submissions.