Curve StableSwap را در Stellar راه‌اندازی کرد: معنای آن برای XLM و حضانت

Curve Finance launched its StableSwap exchange on the Stellar mainnet on October 29, 2026. It is the first deployment Curve runs natively outside the EVM world, meaning outside those blockchains that can execute Ethereum's program code. Curve and the Stellar Development Foundation announced the launch jointly. Two things change in practice: swap pools can now be created and used on Stellar, and the announced foreign exchange component, FXSwap, is not part of it yet. The price barely reacted. XLM traded at $0.1718 on October 29, up 0.45 percent over 24 hours (CoinGecko). The protocol's token, Curve DAO Token, stood at $0.3334 and was 0.58 percent lower. Anyone reading a price jump into this news is reading more than the data supports. The launch is interesting for a different reason: it changes what you can technically do on Stellar, and with it what you need to check beforehand. StableSwap on Stellar: pools appear without approval Curve's core is live. Users can create their own liquidity pools on Stellar, browse existing pools, swap assets and provide liquidity. Nobody needs approval from the Curve team for that. It has been that way at Curve for years and was carried over to Stellar. A liquidity pool is a contract on the blockchain into which several users each deposit two or more tokens, out of which other users swap, and whose depositors share in the swap fees. There is no order-book trader in between; the price follows the ratio of the deposited amounts. Pools appearing without approval is a strength and a risk in one sentence. The strength: a developer can create a trading venue for a token pair without waiting for an exchange. The risk: a pool that somebody set up is not a vetted product. Token names can be copied, and a pool with little capital moves sharply in price on any larger swap. The official interface sits at stellar.curve.finance; any other address sent to you is not. Stellar does not run an EVM: Curve rebuilt its pools Stellar is not EVM-compatible. Contracts written for Ethereum, Arbitrum or Base do not simply run there. Curve therefore had to write its own version for this blockchain instead of reusing the existing code. That is the difference from the many deployments of recent years, in which the same contract was placed on another EVM blockchain. Technically that is the more interesting part of the news, and it has a practical flip side: newly written code has no operating history. The versions on Ethereum have been running since 2020 and have attacks, market crashes and bug reports behind them. The Stellar version still has all of that ahead of it. That is not an accusation. It is the nature of any first day.