Soroban: Unlocking DeFi Opportunities with Smart Contracts on Stellar

Welcome back to The Defiant. Today we have an explainer video on the Stellar network, which has recently launched a smart contracts platform called Soroban.

Founded in 2014, the Stellar network launched as a decentralized payment network for quick and low cost payments. Since then the Stellar Development Foundation, which is the entity that supports the development of the Stellar network, has been focused on encouraging the Stellar ecosystem to help build reliable payment solutions for those in underserved and underbanked regions.

With the launch of the new smart contract platform, Soroban, the Stellar network has expanded its capabilities with smart contract dApps. Launching smart contracts will help Stellar reach a new level, and it marks a major improvement over the way it operated before. So let’s dive in and learn more about Soroban.