Stellar DEX

Stellar DEX receives a B+ risk grade (19/100) from Hindenrank, where lower scores indicate lower risk. Low risk — protocol-native DEX with 8+ years of track record and formal documentation, though low TVL and anchor counterparty risk are the primary concerns. Stellar DEX is the native decentralized exchange built into the Stellar blockchain protocol, with a traditional orderbook and AMM liquidity pools operating at the consensus layer. With near-zero transaction fees and 8+ years of operation, it enables trading of any asset issued on Stellar including fiat-pegged stablecoins. However, with just $12M in TVL, orderbook depth may be limited for larger trades.

The key risks identified for Stellar DEX are: (1) The DEX relies on 'anchors' (asset issuers) for fiat-pegged tokens — if an anchor becomes insolvent, their issued tokens become worthless and cannot be redeemed (2) Low TVL means thin orderbook depth for most trading pairs, resulting in higher slippage for larger trades compared to major centralized or DeFi exchanges (3) The Stellar Development Foundation has significant influence over network governance, meaning protocol-level DEX rules could change through governance decisions you don't control

Stellar DEX scores 19/100 across eight risk dimensions: Mechanism Novelty: 0/15, Interaction Severity: 2/20, Oracle Surface: 0/10, Documentation Gaps: 0/10, Track Record: 9/15, Scale Exposure: 3/10, Regulatory Risk: 1/10, Vitality Risk: 4/10. The highest risk area is Track Record at 9/15.

Among 111 rated DEX protocols on Hindenrank, Stellar DEX ranks #4 by safety (lowest risk score = safest). Its 19/100 risk score and B+ grade place it among the safer DEX protocols.

Stellar DEX scores 9/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.