The Stellar Development Foundation (SDF) developed and went live with the Soroban smart contract platform using the Stellar network. The announcement is a watershed event in Stellar’s ten-year history. Phase 2 of Soroban’s mainnet is completely operational, including the entire staking system, allowing for the development of user-friendly dapps.
Soroban uses a WebAssembly (WASM) approach to enhance the Stellar blockchain application ecosystem by providing developers with multiple platforms for deploying smart contracts.
Stellar’s protocol allows for the widespread usage of bitcoin payments, but it also covers DeFi services. SDF’s major goal is to raise $100 million to fund the creation of new platforms through the adoption Soroban Fund.
The adoption Fund, which focuses on exploiting Stellar capabilities to promote smart contract applications for rates, bridges, and financial platforms such as Sworoswap and Blend, has provided funding to over 160 projects.