Product overview
Nexlm is a peer-to-peer exchange for trading XLM against the Nigerian Naira, built exclusively on Stellar.
The problem
- Centralised exchanges have limited Naira on-ramps and slow withdrawals.
- Existing P2P platforms treat XLM as a secondary asset with thin liquidity.
- OTC trades in Telegram and WhatsApp groups carry high counterparty risk and no escrow.
The approach
| Principle | How it shows up |
|---|---|
| Trustless escrow | Every trade locks XLM in its own on-chain Stellar account |
| Naira-first | Bank transfer, OPay, PalmPay, Kuda and Moniepoint; no Naira custody |
| Low cost | No trading fees; only Stellar network fees |
| Fast settlement | Releases confirm in ~5 seconds |
| Verified traders | BVN/NIN verification and visible reputation |
Who it's for
- Buyers who want XLM quickly for remittances or other Stellar use
- Sellers earning XLM who need spendable Naira
- Active traders running multiple buy and sell offers
Where to go next
- Roadmap — what's shipped and what's next
- Design decisions — why the platform works the way it does
- Changelog