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The Path of TON Blockchain ✧ - - - - - - - - - - - ✧ [1] | A Unique Position After years of development, the $TON blockchain stands out as a uniquely interesting platform. While it may not match Solana's speed or Ethereum's user base, its conceptual and technical design is exceptional. [2] | A Vibrant Ecosystem Think about the ecosystem with Hamster Combat, Notcoin, and Telegram names. The presence of many mini-apps along with NFT gifts and stickers creates an environment that isn't found elsewhere. [3] | Handling Activity Surges The main DEX, STONfi, manages the technical side during sudden increases in activity. It maintains stability for swaps even during periods of high demand. [4] | Adaptive Smart Contracts This is achieved through adaptive smart contract sizes. The system calculates the number of swaps the DEX needs to process in a given time and adjusts the contract size accordingly. [5] | Ensuring Execution This feature ensures that smart contracts are executed no matter what, a principle that was evident during the DOGS listing event, even when it caused a part of the network to experience issues.
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Understanding Liquidity Provision
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STONfi's Foundational Role ✧ - - - - - - - - - - - ✧ [1] | A Recognized Leader The main DEX on the $TON blockchain, STONfi, has solidified its position as the leading platform over a long development period. Features like the Omniston protocol and Arbitrary Provision have significantly improved the user experience, contributing to this status. [2] | The Developer Side A key aspect of its success lies in its tools for developers. STONfi provides its own Software Development Kit (SDK), which offers straightforward access to the DEX's core functions. This integration is more common than many realize. [3] | Widespread SDK Use Consider the wallets you use, such as TON Wallet and TonKeeper. They incorporate the STONfi SDK to power their swap functionality simply because it is a reliable and convenient solution. This includes a specific SDK for the Omniston protocol. [4] | The Omniston SDK The Omniston SDK provides access to that protocol's capabilities. It uses a Request-For-Quote to gather prices from all major solvers on the blockchain, ensuring the best swap rate and zero slippage for the end user. [5] | Beyond User Applications The utility of the STONfi SDK extends beyond user-facing apps. It is also used in backend systems and internal software that may require token swap functionality for their own operations, such as for internal treasury management. [6] | A Result of Utility This deep integration and developer focus is a major reason STONfi has attracted the vast majority of liquidity away from past competitors. It now holds a TVL nearly four times larger than its former main rival, demonstrating its foundational role in the $TON ecosystem.
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Omniston Protocol ✧ - - - - - - - - - - - ✧ [1] | Out of Beta The Omniston liquidity aggregation protocol by STONfi has now moved past its beta phase. The previous swap limit of under $1000 has been lifted, allowing for swaps of any size through the system. [2] | A Primary Tool on TON This protocol has served as a main swap tool on the $TON blockchain for a considerable time. Its advantage over classic swaps comes from two main features: providing the best available rate and ensuring zero slippage for the user. [3] | The Quote Process The process begins when a user selects a trading pair. The protocol then sends a Request-For-Quote to all the solvers operating on the blockchain. These solvers send back their quotes in response. [4] | Securing the Best Rate Omniston evaluates all the returned quotes to select the one offering the best final price for the swap. This chosen quote is then presented to the user, and the price is locked in for a short period. [5] | The Role of HTLC This price lock is secured by a Hashed-Timelock Contract (HTLC). This mechanism guarantees that if the quote changes even by a tiny fraction of a percent, the swap will be canceled, protecting the user from receiving a worse rate. [6] | The Final Outcome Through this straightforward process, users on the $TON blockchain achieve an optimal swap result, benefiting from both the best found rate and the security of zero slippage.
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Hashed Timelock Contracts Explained ✧ - - - - - - - - - - - ✧ [1] | The Purpose of HTLCs Hashed Timelock Contracts are a form of smart contract that enables secure cross-chain swaps. They use cryptographic proofs and time constraints to guarantee that a swap is either completed entirely or entirely refunded, which helps prevent fraudulent activity. [2] | Application on TON This technology will be utilized for upcoming cross-chain swaps on STONfi, the leading DEX on the $TON blockchain. HTLCs are what make these swaps both fast and dependable for users. [3] | The Agreement Process Both participants agree to the swap terms, which include a specific time window. Each party creates a cryptographic hash from a secret number and places it into a smart contract on their respective blockchain, such as TON or Bitcoin. The contracts are interconnected so that each party's hash is locked in the other's contract. [4] | Verification and Execution The participants first check the validity of the opposing contract. If any detail is incorrect, the swap is canceled and the involved tokens are returned. If the contracts are valid, the parties then reveal their secret numbers. [5] | Ensuring a Secure Outcome The contracts verify that the revealed secrets match the original hashes. If they are correct, the swap is finalized. If the time limit passes without the correct secrets being provided, the swap expires and the tokens are automatically returned. This creates an atomic swap, meaning the entire operation completes successfully or it does not happen at all, ensuring a secure and decentralized process without any intermediary.
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