[T-A]

> But there is no lending/borrowing market or a decentralized exchange on Stellar.

I can't imagine where you got that idea.

https://developers.stellar.org/docs/glossary/decentralized-e...

https://www.lumenauts.com/explainers/stellar-decentralized-e...

Here are a few clients:

https://www.stellarx.com/

https://stellarterm.com/

https://stellarport.io/exchange

https://interstellar.exchange

https://lumenswap.io/

You can lend and borrow just fine on the Stellar network. Here for instance is Celsius' current rate on Stellar Lumens:

https://celsius.network/earn-rewards-on-your-crypto/

> Anyways, there may be several competing options coming in the future, but Stellar is just not it.

Passing judgment is best done after informing oneself.

[bouncycastle]

It looks like the game is rigged on Stellar.

All of the above exchange links that I've visited required account registration and login, which means that they are not decentralized. For the celsius, you have to download an app on your phone. Ewwww. Whatever. Claiming to be decentralized and then requiring signup is dishonest.

It looks like there is not not much liquidity. Also, the only type of exchange supported is "Limit Order", which is also cumbersome to use on a blockchain, and you would probably prefer Automated Market Maker (AMM) type exchanges once you experience them. (You can perform all the steps I've outlined in a single transaction for example)

Also, it looks like that all the assets on stellar are custodial. There are no non-custodial stablecoins for example.

[T-A]

> All of the above exchange links that I've visited required account registration and login, which means that they are not decentralized

Next you'll tell me that Ethereum is centralized because Coinbase requires registration and login.

You've been looking at clients, i.e. independently developed user interfaces to the Stellar DEX. You can interact directly with the DEX here:

https://laboratory.stellar.org/

Or you can roll your own clent. Stellarterm is open source, could be a good starting point:

https://github.com/stellarterm/stellarterm

If you prefer algorithmic trading, there is Kelp:

https://github.com/stellar/kelp

> Claiming to be decentralized and then requiring signup is dishonest.

I find it hard to believe that you honestly don't understand the difference between an independently developed client and the decentralized exchange which it connects to.

> you would probably prefer Automated Market Maker (AMM)

See Kelp above.

> There are no non-custodial stablecoins

This subthread started with your recommendation of USDC, a custodial stablecoin...

…which, lest we forget, went live on Stellaräs decentralized exchange this month:

https://www.stellar.org/press-releases/usdc-is-live-on-the-s...

[bouncycastle]

USDC was just an example, you can use non-custodial coins too. Looks like stellar only offers custodial.

Look, I get you. There is some degree of decentralization, although not fully decentralized. There's definitely a lot more smoke and mirrors there, especially when I need to register to these websites.

The other problem is that Stellars consensus protocol is not sufficiently decentralized.

Regular users may not care about that, which is fine. However, that's a crucial point for me.

[T-A]

> There is some degree of decentralization, although not fully decentralized.

Please stop spreading disinformation.

> There's definitely a lot more smoke and mirrors there, especially when I need to register to these websites.

Again: those are independently developed and managed web apps which provide a nice graphical user interface to Stellar's decentralized exchange.

You don't need to use them to access the exchange. If you do, the accounts you create with them are unrelated to the exchange; they are specific to those web apps, and serve obvious purposes like helping you keep track of your trades.

None of this is even remotely hard to understand for anyone who knows anything at all about the subject. That somebody who claims to be more than a regular user would fail to understand it is not credible.