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What Stellar SDEX is, how it differs from Soroswap.Finance, and how the Soroswap Aggregator API quotes it. For the integration details, see Routing through SDEX.

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What is Stellar SDEX?

Stellar SDEX (Stellar Decentralized Exchange) is the native decentralized exchange of the Stellar network. It allows users to trade assets directly on the Stellar blockchain through a system of order books. Here’s how it operates:
  • Order Books: Stellar SDEX uses order books to facilitate trades. Users place buy and sell offers in the order book, which are matched based on price and time priority.
  • Order Types: Users can create various types of orders, such as market or limit orders. Orders are automatically matched against existing orders in the book.
  • Asset Exchange: Trades are executed by matching buy and sell orders within the order books. Assets are exchanged directly between users without needing an intermediary.
  • Path Payments: If there is no direct order for an asset pair, Stellar allows path payments to find the best route through multiple assets to complete the trade.