Stellar Community Fund

OrbitCDP

Liquidity Award - '25 Q2

$50.0K

Base Liquidity Award

Awarded

OrbitCDP aims to become a “MakerDAO for every currency,” tokenizing global fiat on Stellar so users anywhere can hold and transact in their own money while channeling a slice of the $7 trillion-a-day FX market onto modern DeFi rails. Today we’re focused on payment and a little bit of trading but once Hermes is live, the emphasis will shift mostly to trading.

Products & Services

OrbitCDP extends the CDP model beyond a single USD peg, enabling users to mint over-collateralized, on-chain stable assets for *any* fiat currency through Soroban smart contracts and Blend. This opens permissionless global FX rails, potentially taking a part of the $7 trillion-a-day forex market into DeFi, while giving builders composable, multi-currency liquidity primitives for payments, yield, and hedging; once the Hermes is released, anyone can spin up custom vaults (think Blend-style pools) that can allow people to build leverage apps or decentralized “buy-now-pay-later” credit systems in their local currency without the core user realizing they’re on blockchain.

Requested Budget

$50.0K

Go-To-Market Plan

With Orbit, our goal is to bring Forex to DeFi—essentially moving TradFi into DeFi. We’ll begin by working with wallets to integrate so users know we exist and are comfortable holding their local currency rather than USD(C). Adoption will be incentivized through BlindPay, letting users on-/off-ramp local currencies via domestic rails at near-zero fees, making the process many times cheaper and faster than services like MoonPay. Once these wallet and ramp partnerships are in place, we’ll launch Hermes and our vaults. Hermes will channel users into perpetual Forex trading on Stellar—not only standard perpetuals, but also developer-built leverage dApps—further driving Orbit stablecoin usage.