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News August 23, 2024

Soroswap.Finance Receives $50,000 Liquidity Award: A Milestone in the DeFi Ecosystem

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Soroswap.Finance Receives $50,000 Liquidity Award: A Milestone in the DeFi Ecosystem

Soroswap.Finance, a DeFi protocol, secured a $50,000 liquidity award in Stellar Lumens from the Stellar Development Foundation (SDF) using a Liquidity Timelock Contract. This contract, effective until August 5, 2025, locks liquidity pool tokens to ensure stability and security, marking a significant advancement in DeFi security practices. The fund will enhance the protocol’s liquidity, particularly in the XLM-USDC pair, reinforcing trust and reliability.