on Stellar

Bringing Ondo assets natively to Stellar

How Ondo works today, what's missing for native Stellar support, and the infrastructure Rivool / Pods can build to close the gap without requiring a direct partnership with Ondo at this stage.

TL;DR

Today there is no Ondo primary market on Stellar, so these assets can't be bought or held natively on the network.
Pods works around this as a solver: it takes USDC on Stellar, executes on Ondo's market 1.5 (Ethereum / BSC), and delivers the asset on the other chain.
The operation works, but the TVL never stays on Stellar.
What's missing to go native: a primary market on Stellar + a DEX with limit orders (a CowSwap equivalent, what Ondo uses in market 1.5).
Proposal: Pods / Rivool build this infrastructure and let Ondo's solvers fill orders directly on Stellar, bringing in real, native TVL.

01 Current scenario · no native infrastructure

How it works today

Pods bridges the gap manually by acting as a solver across chains. The trade settles, but the asset lives on Ethereum / BSC — not on Stellar.

Example A Rivool user wants to buy 10 NVIDIA, paying with USDC on Stellar.

U User Rivool Stellar

P Pods Solver Cross-chain

O Ondo Market 1.5 fed by primary MMs Ethereum / BSC

↓ Buy

1 Sends 10 USDC · on Stellar

2 Executes the order as solver

3 Fills in NVIDIA

4 Delivers NVIDIA · on BSC / Ethereum

↑ Sell · reverse flow

5 Sends NVIDIA · on BSC / Ethereum

6 Returns USDC · on Stellar

Under the hood Rivool sends the order to Pods. Pods executes it on Ondo's market 1.5 — which has liquidity because it's fed by primary market makers — and delivers the asset on the other chain (Ethereum or BSC).

No primary market on Stellar

The asset can't be bought or minted directly on the network — it "lives" on another chain.

No native TVL

Value doesn't stay on Stellar; it only passes through on its way to another chain.

Ondo's bridge is slow

Even with a native bridge, it takes up to 1 business day — too slow for a direct purchase on Stellar.

A bridge alone isn't enough

A native Ondo bridge would solve asset delivery, but still wouldn't solve the native-TVL problem.

02 New scenario · native infrastructure on Stellar

Everything settles on Stellar

Pods / Rivool build the two missing pieces, and Ondo's solvers start filling orders on Stellar itself. The asset is minted and delivered natively — TVL stays on the network.

U User Rivool Stellar

D DEX limit orders · CowSwap eq. Stellar

S Ondo Solvers fill the orders Stellar

M Primary Market mints the asset Stellar

↓ Buy · fully native on Stellar

1 Order: buy 10 NVIDIA · with USDC

2 Exposes the limit order to fill

3 Mints / supplies via primary market

4 Native liquidity back to the DEX

5 Delivers NVIDIA · on Stellar

TVL stays native on Stellar

Infrastructure to build

Ondo primary market on Stellar

Lets the asset be minted / bought directly on the network — exactly what Ondo already operates on other chains. This is the on-ramp for native TVL.

Built by Pods / Rivool

DEX on Stellar with limit orders

A CowSwap equivalent — the same mechanism Ondo uses in market 1.5. It lets Ondo's solvers fill orders and resolves the liquidity gap on Stellar.

Built by Pods / Rivool

03 The opportunity

Why this matters for Stellar

Native TVL

Ondo assets become native on Stellar, with real value held on the network — not just passing through.

Liquidity solved

A DEX with limit orders plus Ondo's solvers removes the liquidity bottleneck that blocks native trading today.

Buildable now

Pods / Rivool can build this today, without waiting on an immediate formal partnership with Ondo.