The Stellar Development Foundation is Preparing to Launch its Own Decentralized Exchange (SDEX)

The SDF (Stellar Development Foundation) is currently in the final stages of preparing to release its own decentralized trading platform (SDEX). According to the news, the exchange is scheduled to start next month and they have already announced plans to change the base protocol.

The effect of change
The amendment to this protocol would change the way sales and buy orders are executed on any Stellar-based trading platform. Currently, it is possible to create offers for multiple “shadows”, which is more than the total portfolio holdings.

These offers can then disappear and lead to a possible manipulation of the order books. While trading platform users like Binance master the “wrong” buy and sell walls, the latter at least requires the seller or buyer to keep the exact amount of the underlying digital currency. Users can not sell or buy. larger quantities than the contents of their portfolios.

The proposed update
The proposed update would change the functionality of the Stellar Protocol, as well as all related decentralized trading platforms, in line with the functioning of the central trading platforms. Users can only buy or sell the exact amount of their wallet.

The introduction of a feature called “Liabilities” examines incoming and outgoing debt to keep track of what an account buys or sells and prevents tampering with this type of order book.

Although these changes may seem relatively modest, the Stellar Development Foundation has made clear that it is taking the potential for renewed liquidity seriously, that its newly developed trading platform and protocol will be in the coming months.

Just a few weeks after the update of their “professional” “professional” trading interface and digital currency update (XLM), financial supervisors seem to be giving their trade in New York the green light. This current protocol and currency is gearing up to grab the attention of the industry.