Stellar AMM Review 2026: Protocol-Level Liquidity Pools on Stellar

Stellar AMM provides a simple way to provide liquidity and exchange assets on the Stellar network. DefiLlama lists it as a DEX on Stellar, with about $8.4M in total value locked and no token.

Stellar itself is a payments-focused blockchain run on the Stellar Consensus Protocol, with roughly 5-second settlement and average costs under $0.001 per transaction, according to the Stellar Development Foundation's developer site. The AMM complements that with pooled liquidity alongside other DEXs, aggregators and lending markets in the ecosystem.

The team behind the listing, any audits and a dedicated product interface are not published in the material reviewed. Treat it as infrastructure for swaps and liquidity provision rather than a branded app with its own incentives.

An automated market maker holds two assets in a shared pool. Liquidity providers deposit both in a balanced ratio and receive a share that represents their stake. Traders swap one asset for the other against the pool, and the price shifts with the pool's ratio.

On Stellar, this sits alongside the network's existing exchange features. Path payments can convert assets along the way, so a transaction can be routed through available liquidity to reach the currency the recipient wants. Ledgers close in about five seconds, and transactions are final when they do.

Providers earn a share of swap fees in proportion to their stake. They also bear impermanent loss when the relative price of the two assets moves, and the value of their position can end up lower than if they had held the assets.

The project does not publish a pool fee schedule in the material reviewed here. What the Stellar developer site does state is that the average network transaction cost is under $0.001, so the cost of submitting a swap or deposit is very small.

Beyond network costs, swap fees in Stellar liquidity pools are widely documented as a fixed 0.30% paid to liquidity providers, but users should confirm the figure in the wallet or DEX interface they use. Spreads and price impact in thin pools can cost more than the fee itself.

DefiLlama lists no audits for this entry, and the project does not publish an audit report in the material reviewed. Stellar itself reports 99.998% lifetime network uptime and issuer-level asset controls, but those are network properties, not guarantees about any pool.

Users keep custody in their own wallets, so the main exposures are impermanent loss, issuer actions such as freezes or clawbacks on traded assets, and mistakes with trustlines or signing. Standard wallet hygiene applies. Check the legal and tax position for DeFi where you live before using it.

Stellar users who hold stablecoins or other Stellar assets and want a low-cost way to swap them or earn fees from pooled liquidity. It is less suited to people looking for token rewards, advanced derivatives or deep liquidity for very large trades.