What is OMNISTON 🤔?
If you haven’t heard of OMNISTON, you might as well not be on the #TON blockchain☝️.
#OMNISTON is a liquidity aggregator📊 that will unify all liquidity on the TON blockchain. Additionally, when exchanging tokens, OMNISTON will leverage HTLS and RFQ protocols, enabling atomic swaps with zero slippage.
Let me explain each point in simple terms😌.
1. Liquidity Aggregator🔀
OMNISTON will unify all liquidity on the TON blockchain, covering both DEXs and CEXs. As a liquidity aggregator, OMNISTON will automatically find the best deal across all TON liquidity sources for you!
2. HTLS🔁
The main advantage of HTLS (Hashed Time-Locked Smart Contracts) is the atomic nature of transactions. If one party fails to fulfill their part of the transaction, the funds are automatically returned. With this mechanism, fraud becomes impossible.
3. RFQ📝
The RFQ (Request for Quote) mechanism allows trades to follow a strictly predefined agreement between the trader and the market maker. For instance, if you agree to buy 1,000 TON for 5,000 USDT, you will receive exactly 1,000 TON, with no room for deviation.
The Future of OMNISTON 📈
OMNISTON will enable cross-chain swaps on STONfi by becoming a liquidity aggregator across other blockchains. This will make cross-network exchanges seamless and efficient!
