Stellar to Launch Exchange and to Add LN Support

Stellar published a roadmap on January 26 highlighting two main goals for 2018
26 January 2018   976

Stellar published a 2018 roadmap on Thursday, stating that the company has two main goals: to build a front-end for Stellar’s inherent decentralized exchange called SDEX and integrate Lightning Network in 2018.

According to the announcement, at the end of 2017 Stellar recruited a veteran team, with a substantial track record of product and marketing success, to build a front-end for Stellar’s inherent decentralized exchange called SDEX.

SDEX will be the world-class front-end that our underlying technology has long deserved. It will enable on-chain, protocol-level trades for any Stellar token, and we will create liquidity to minimize spreads and maximize choice of assets.


Stellar statement

These are the main features of SDEX, according to the company:

  • day one trading for any Stellar ICO token;
  • atomic pathfinding to discover the cheapest rates between any two assets;
  • very low trading fees;
  • end-user control of secret keys.

The company will reveal further details on SDEX’s specific roadmap, brand, and leadership in the near future.

Stellar has also collaborated with Stellar advisor and Bitcoin Core developer Jeremy Rubin to optimize implementation of Lightning Network, which is expected to be implemented in 2018. Lightning will have a huge positive effect on Stellar’s long-term scalability and security, the company said.

Recently, we have reported that Stellar Lumens partnered with Pundi X to work for the settlement in Indonesian local currency (IDR) in the future.

New Morgan Creek Fund to Exclude Pre-Mined Crypto

Ripple and Lumen won't be included to Morgan Creek Digital Asset Index Fund
28 August 2018   370

Morgan Creek, which manages $ 1.5 billion in assets, launched its own crypto fund, the Morgan Creek Digital Asset Index Fund, but refused to include some large crypto-currencies. This is reported by Forbes.

For example, in the new fund, which was managed by the American company Bitwise Asset Management, such cryptocurrencies as XRP, developed by the Ripple, and Lumen (XLM) of the Stellar project, are not represented, as their release was carried out through the so-called pre-goal.

If there’s a central party that owns 30% or more of supply then we withhold those from the index. Because we think that introduces a lot of additional risk that may not be there if it was a more decentralized network.

Anthony Pompliano
Partner, Morgan Creek Digital 

The index fund includes a set of 10 major cryptocurrencies weighted by market capitalization, which is rebalanced monthly. There are some other requirements, such as the presence of custodial solutions and a restriction on the concentration of trade.

When forming the fund, the risks of centralization of crypto assets were taken into account because of the increased probability of manipulating their prices and possible issues of regulators if such assets were recognized as securities.

We’re fully prepared and feel we’ve built something that institutional investors will find attractive regardless of how the assets are categorized. Whether they’re securities or not.

Anthony Pompliano
Partner, Morgan Creek Digital 

According to the co-founder of Bitwise co-founder Hunter Hosley, the main difference between the Morgan Creek Digital Asset Index Fund and the HOLD 10 fund launched by his company is the availability of the first inspection committee, which included Morgan Creek CEO Mark Yusko, Pompliano and Bitwise Research Department head Matt Hogan.

Hosley said that the decision of the committee to limit cryptocurrencies with pre-currency is caused by two main factors: fears about the opportunities for fraud, which are possessed by large holders of assets, and the doubts of regulators for which a high degree of centralization is an additional basis that allows to recognize crypto currency as a security.

The Morgan Creek Digital Asset Index Fund is already available for institutional and accredited investors. Hosley promised that the fund will be audited by Cohen & Company from this fall, the results of which will be published on an annual basis. The first report will be submitted in early 2019