Stellar Community Fund

By CLOB

CLOB DEX

SCF #29

$72.0K

Legacy v5.0 Community Award

Awarded

CLOB DEX: a cutting-edge, DEX on Soroban, offering automated orders, on-chain settlement and limitless trading.

Products & Services

CLOB DEX is a permissionless, decentralized perpetual exchange protocol with automated orders built on Soroban. It uses a fully on-chain orderbook utilizing Red-Black Tree architecture to provide a platform with a risk engine, matching engine, shared asset pools, and on-chain settlement. Using automated orders and collateral insurance to infinite trading possibilities.

Issues we address: DEX trading often comes with high gas costs, fees, and slippage. Professional traders seldom use DeFi due to its lack of speed and liquidity. Derivative DEXs lack efficiency in trading fees and flexibility for traders.

CLOB DEX will be integrated on Stellar using the Soroban Smart Contract asset manager, which will handle account creation, permit the depositing and withdrawing of approved assets, and update user balances on-chain after trade completions. This integration ensures a seamless, automated, and secure trading experience within the Stellar ecosystem.