Stellar Community Fund

Nectar Network

SCF #42

Description

Nectar Network is a generalized automation and liquidation layer for Soroban DeFi. Any protocol can register time-sensitive on-chain tasks — liquidations, auto-compounding, oracle updates, rebalancing — executed reliably by keepers competing for rewards.

Stellar DeFi holds ~$187M TVL. Blend alone has ~$80M, but its liquidation bot is a single-operator container with no redundancy and a disclaimer it may fail. Bad debt from missed liquidations is existential risk at this scale. There's no Chainlink Keepers or Gelato equivalent on Soroban — every protocol rolls its own off-chain scripts.

Keeper Network delivers:

Task registry — any Soroban contract registers jobs with conditions, rewards, and priority
Multi-protocol support — Blend liquidations, FxDAO CDPs, DeFindex rebalancing, oracle refreshes
Incentive layer — operators compete for execution rewards, ensuring redundancy
Monitoring dashboard — real-time task queue, keeper performance, protocol health

Open-sourced as public-good infrastructure for the entire Stellar ecosystem.