In previous posts, we explained why cross-chain exchanges are necessary and why our cross-chain functionality will be especially convenient for users. Today, we will discuss what we've accomplished.
The top priority in cross-chain technology is ensuring reliability and security for users and their assets. To ensure this, it was imperative to develop and test the prototype and the initial internal versions. We are pleased to announce that we have already achieved the following:
1. Integrated the Request for Quote (RFQ) mechanism into the messaging protocol between traders and market makers (equivalent to liquidity providers in RFQ DEX). The protocol is operational, and transaction participants can now exchange offers at predetermined prices.
2. Developed and thoroughly tested HTLC (Hashed Timelock Contracts). These contracts enable us to lock in the exchange rate for the duration of the transaction, ensuring that both parties receive the exact amount of tokens they initially anticipated.
3. Successfully conducted test token exchanges between the TON and TRON networks!
Ongoing tasks include:
1. Developing an internal database to store transactions. We will explain why relying solely on the blockchain for this purpose is not advisable in upcoming episodes of #STONchronicles.
2. Launching a synchronization service between the internal database and the TON and TRON networks.
3. Establishing a notification system for bidders.
4. Preparing for high-volume transaction processing between the TON and TRON blockchains.
5. Designing the user interface.
These components, in conjunction with the already developed smart RFQ and HTLC, form the foundation of the DEX cross-chain platform. This platform will facilitate token exchanges between blockchains at fixed rates, without slippage, without the need for bridges and wrapped liquidity
Stay tuned!
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The Mascot Contest Discord channel already features many wonderful works. Come take a look and consider submitting your own! In the neighboring Mascot Vote channel, you can now vote for the mascots you like by sending any amount of GEMSTON to the provided address. All collected GEMSTON will be burned at the end of the contest.
The authors of the top three works will receive awards of 250, 150, and 100 STON, and we are also willing to offer up to 500 additional STON for particularly talented mascots, at our discretion
To learn more about the contest and voting rules, please visit this page.
Stay tuned!
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Glint Coin is the first utility token from TON Diamonds, the popular NFT market. More information about the project can be found on their official website
Stay tuned and DYOR!
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๐ The Mascot Contest continues! Now you can vote for the mascots you like by sending any amount of GEMSTON to the provided address. To learn more about the contest and voting rules, please visit this page.
๐ DEX Statistics:
๐ฅ Weekly trading volume: 469,285 TON
๐ฅ TVL: 1.2 m TON
๐ฅ Our liquidity providers earned about 939 TON.
Stay tuned!
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Mantle Network, an Ethereum-based modular blockchain ecosystem, recently added $jMNT, a wrapped version of their original token, to TON Blockchain. It is already available for trading and liquidity provision on STONfi DEX
The time when the boundaries between various blockchains will blur is approaching. We are moving closer to this day by developing a unique cross-chain functionality. Read about it in the #STONchronicles section as well as in our blog.
Stay tuned and DYOR!
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TON-MARGA pool: app.ston.fi/swap/TON/MARGA
We remind you that any user can list their own token to trade and provide liquidity on STONfi. More information about community assets can be found here
Stay tuned and DYOR!
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Glint Coin is a utility token from TON Diamonds, the popular NFT marketplace. More information about the project can be found on their official website
TON-GLINT pool: app.ston.fi/swap/TON/GLINT
Stay tuned and DYOR!
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Weโre not only supporting participants but also rewarding voters! Among those who send GEMSTON to their favorite mascotโs address, 20 NFTs from the STON.fi [anti]glitch_2 collection and 4 NFTs from STON.fi [anti]glitch_1 collection will be distributed
โ ๏ธ We remind you that all collected GEMSTON will be burned at the end of the contest.
You can showcase your work in the Mascot Contest channel and show support for your preferred author in the Mascot Vote channel. For detailed rules, check out this article.
Stay tuned!
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๐ Only 2 weeks remain to participate in the Mascot Contest. Among those who send GEMSTON to their favorite mascotโs address, 20 NFTs from the second collection and 4 NFTs from the first collection will be distributed.
๐ DEX Statistics:
๐ฅ Weekly trading volume: 422,996 TON
๐ฅ TVL: 1.3M TON
๐ฅ Our liquidity providers earned about 846 TON.
Stay tuned!
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Learn more about the token creators, on Tongochi official website.
โ ๏ธ Now $PET is available in the community assets list with liquidity provided by users.
Stay tuned and DYOR.
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In the previous article, we explained what steps we have already taken to create the cross-chain feature. Now we are developing an internal database for operations storing. So why did we choose this approach instead of using blockchain?
Financial performance. Sending messages between traders and market makers will be off-chain according to the Request For Quote (RFQ) protocol, which means that no fees will be required from blockchain. The assets rate is constantly changing, and effective trading requires up-to-date transaction information.
Operating speed. Trading will occur between different blockchains, and they usually have different block time (in TON Blockchain, for example, a new block appears every 5 seconds). An internal database will allow instant messaging regardless of the computing power of both blockchains.
Security. The database will contain only messages with requests for exchange โ this is how the RFQ protocol works. Assets will be moved exclusively within blockchains, which guarantees the complete safety of our usersโ funds.
Security, transaction speed and cost-effectiveness of trade โ these are our top priorities in developing our unique cross-chain functionality
Stay tuned!
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We invite you to become an Ambassador of STONfi DEX
We allocate up to 10,000 STON and several exclusive NFTs per month, which will be distributed among Stonbassadors participants depending on the quality, quantity, and complexity of the work. STONfi community members will also vote for the works they like. โจ
โ ๏ธ To participate in Stonbassadors, you are not required to apply or approve your work. Just send us the finished result through a special form on the Stonbassadors page (โSubmit Contributionโ button).
Stay tuned and join us!
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๐ In the special #STONchronicles section, we talked about why we are integrating the database into cross-chain DEX and what new opportunities it will provide us with.
๐ We invite you to join the Stonbassadors ambassador program! Every month, we allocate up to 10,000 STON and several exclusive NFTs to everyone who actively participates in the life of the project, helps us promote and develop new features. More info can be found on the Stonbassadors page.
โก๏ธ The $PET token will reach the required liquidity volume and become available for trading on the STONfi main list on October 20.
๐ DEX Statistics:
๐ฅ Weekly trading volume: 299,498 TON
๐ฅ TVL: 1.3M TON
๐ฅ Our liquidity providers earned about 599 TON
Stay tuned!
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Now by default you cannot make an exchange with price impact above 5%. You can customize the price impact limit in the settings of the โSwapโ tab. This will maximally protect the funds of our users and increase the financial efficiency of each operation.
At the request of our users, we added a search bar for liquidity pools, as well as the ability to sort them by TVL, trading volume and APY
Stay tuned.
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DEX: app.ston.fi
Cross-chain DEX Development Status: #STONchronicles
Educational Materials: https://blog.ston.fi
DEX Guide: https://l.ston.fi/jTe3LU
Whitepaper, roadmap, tokenomics: https://static.ston.fi/whitepaper.pdf
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TON-PET Pool: app.ston.fi/swap/TON/PET
Two days ago, we held an AMA session with Tongochiโs founder and shared 10,000 $PET with each author of the three most interesting questions
Here are some of the most interesting points from the interview:
๐ Before Tongochi, Ilya was involved in creating a foreign language school and a stock market analytics service. Now his main goal is to create a unique GameFi product that stands out from others with constant development and attention to the community.
๐ Tongochi attracts many new players. To make them even more interested, the team is preparing a number of significant gameplay updates: PvP tournaments, gang wars will be added. Users can also expect a training program for full immersion in the TON ecosystem.
๐ Tongochi does not plan to release a separate mobile application for convenience and security reasons. According to Ilya, Telegram resources are ideal for such projects.
๐ Ilya is proud of his collaboration with STONfi: like Tongochi, STONfi is a constantly developing innovative project.
The record is available in the Russian language in the STON.fi Ru Telegram channel.
Stay tuned and DYOR!
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This time we added the Favorites tab on the trading pair selection screen. Mark the tokens that you trade most often, and they will always be at your fingertips.
We also added the ability to log in through TON Space โ a popular @wallet in Telegram, providing access to the features of TON and other popular blockchains
Stay tuned!
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โ ๏ธ You can vote for your favorite entries until October 24th. To do so, go to the Mascot Vote channel and send any amount of GEMSTON to the wallet address of the chosen character. All collected GEMSTON will be counted and then burned.
Good luck!
Stay tuned.
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โ Customizable limits for high price impact swaps.
โ Search bar and token sorting feature.
โ Favorites tab for a quick access to the tokens you trade the most.
โ Authorization via TON Space โ the @wallet inside Telegram.
๐ $PET token in now on the main token list of STONfi DEX. Additionally, we conducted an interesting AMA session with the founder of the Tongochi project. Check out the results by following this link.
๐ DEX Statistics:
๐ฅ Weekly trading volume: 401,691 TON
๐ฅ TVL: 1.3M TON
๐ฅ Our liquidity providers earned about 803 TON
Stay tuned!
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Tonstakers is an innovative liquid staking protocol on TON Blockchain
Over the next month, 7,500 STON will be distributed in the TON-tsTON farm. To receive rewards, stake LP-tokens in the โFarmโ tab. The higher your share in the farming pool, the greater your share of the prize!
โ ๏ธ Please note that LP-tokens are automatically issued upon providing liquidity. When farming, your LP-tokens are locked in a smart contract for 14 days. Our guide provides detailed instructions on farming on STONfi.
Stay tuned!
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