DobDex — Exit Liquidity for Real-World Assets on Stellar

The problem

Fifteen years of yield.
No way out in March.

The asset keeps performing. That was never the holder's problem.

No counterpartyNobody on the other side.

No order bookNo venue, no bids, no depth.

No priceOnly the issuer’s own valuation.

The mechanism

Four moves, from position to cash

The oracle prices the asset. Liquidity Nodes price the exit. Keeping those two numbers apart is the whole design.

01

ScoreDobValidator

A TRUFA score reads the asset’s operating record, validator attestations and payment history. It is a risk read, not a price.

Pick a step · or let it run

Read the full walkthrough

Two sides of the book

Someone needs out. Someone wants in cheaper.

Holder

Sell an exit

Open an exit on a position you hold. You declare the floor before any Node bids, and you keep the right to walk away — a bid is an offer, accepting it is a separate signature.

The tier tells you the spread Nodes typically quote
min_accept_usdc — your own reserve price, in absolute USDC
Settlement in USDC, then an anchor off-ramp to fiat
No bid inside the window? The exit queues, it does not vanish

Anatomy of an exit

Liquidity Node

Provide the exit capital

Deposit USDC, declare which tiers you serve and the minimum discount you require. You are never matched outside the appetite you set, and idle capital keeps earning.

Per-tier appetite: tiers · min_bps · max_exposure
Win a fill and you hold a yield-bearing position bought below score value
Idle balance routed to DeFindex rather than sitting flat
Exit your own position later — Nodes are not locked in

How Nodes work

Price your exit

Move the score and the ticket size to see roughly what a Liquidity Node would pay for the position today. Illustrative — the real number is whatever a Node actually bids.

B

Standard120 – 300 bps band

82/100

TRUFA score

E · distressed D · 45 C · 60 B · 75 A · 90

Exit size$25,000

$500$500K

Competing capitalNormal

Settles in

USDC on Stellar, one Soroban transaction, seller-side floor enforced by the Settlement Router. Cash out through an Anchor Platform off-ramp.

Estimated net proceeds

24,813USDC

on a $25,000 position — you keep 97.42%

ProceedsDiscount · 2.58%

Inside the discount$645

Tier spread what this risk costs2.00%

Size impact ticket vs. standing appetite0.33%

Protocol fee capped at 500 bps on-chain0.25%

Bid accepted

Minutes

Window closes

~5 min

Queued

Hours – days

The score travels with the asset DobValidator issues it; Nodes read it and price off-chain. No contract re-derives it.

Tiers are vocabulary, not rules Nodes bid absolute USDC. The chain only checks the money is really there.

Best bid wins the window Below the seller's floor nothing is force-filled — the exit takes a public place in line.

Size is priced, not curved The impact above reflects standing appetite for that asset, not an AMM depth function.

Illustrative model, not a quote. Real prices are posted by Liquidity Nodes and can differ in either direction; DobDex does not guarantee a price or a fill, and never buys the position itself.

Tokenizing an asset is easy.
Getting out is not.

Fifteen years of yield.
No way out in March.

Four moves, from position to cash

Someone needs out. Someone wants in cheaper.

Sell an exit

Provide the exit capital

Price your exit

See the mechanism run

Fifteen years of yield.No way out in March.

Four moves, from position to cash

Someone needs out. Someone wants in cheaper.

Sell an exit

Provide the exit capital

Price your exit

See the mechanism run

Fifteen years of yield.
No way out in March.