StellaSwap is an early automated market-making (AMM) decentralized exchange (DEX) built for the Moonbeam parachain network. The project’s primary goal is to expand the network effects available on DeFi and tackle liquidity challenges, rather than relying on just one approach like many DEXs do today.

With StellaSwap, users can swap assets on the Moonbeam network in a non-custodial way, avoiding centralized intermediaries and steering clear of overly high fees. Trading fees collected through StellaSwap are distributed to liquidity providers, helping encourage the liquidity depth needed to deliver strong pricing across markets.

StellaSwap’s native token, STELLA, is designed as a governance token that includes multiple value-accrual mechanisms and use cases intended to enhance tokenholder benefits. Its distribution is based on a fixed supply with a linear emission approach, paired with burning or other deflationary mechanisms to lower the total circulating supply.