stXLM · testnet Q3 · mainnet Q4 2026
Stellar's liquidity facility.
Nebula is building stXLM, the yield-bearing form of XLM. Institutional-grade strategies and tokenized real-world assets, distilled into one liquid token that composes across Stellar.
Blend
Soroswap
earnXLM
The protocol
Real yield
Market-neutral strategies run by an SEC-registered adviser. Generated by markets, not token emissions.
Real-world assets
A tokenized RWA sleeve anchors stXLM in the fastest-growing collateral class on Stellar.
Liquid & provable
stXLM moves like XLM, priced by an attested on-chain NAV that is bounded, reconciled and verifiable.
Why us
Every major ecosystem has a productive form of its native asset. Stellar is next.
We are the team behind Spectra and APWine, with six years of audited production DeFi. Now we are building the primitive Stellar is missing.