DeFi has been evolving for a very long time, saturating web3 with new functionality and improving the current one. But the basics, the root of all DeFi - swaps and liquidity pools - remained unchanged. The main problem with swaps for the user was slippage, which could cause the exchange rate to change during swap, resulting in canceled transactions or unexpected outcomes on volatile coins.
Yes, there were narrowly focused solutions for this problem, but their mass availability, real usability and most importantly liquidity were quite low. And now, after many years of development of DEX on STONfi, the main AMM on the $TON blockchain finally has a solution - the Omniston protocol.
It solves all the above problems at once:
No more slippage
The protocol “negotiates” in advance with resolvers about the rate of each individual swap and pre-sets a quote that does not change during the swap and is shown to the user as it is. This is realized by Request-For-Quote, which is sent to the largest resolvers on the blockchain and receives offers from them. Then the best one is selected among them and sent to the user.
Bulk
The Omniston protocol is directly integrated into the blockchain's most popular DEX $TON and offers better conditions than classic swap. In addition, the protocol has been prepared for further cross-chain development during development, so the solution will soon reach other blockchains.
Convenience
No need to do anything other than toggle a single switch to enable the protocol
Liquidity
The protocol sends a query to the largest resolvers on the blockchain, so if there is liquidity somewhere on a particular pair, Omniston will find it
Article about Omniston:
coinmarketcap.com/community/articles/67eba2cc02a107137595952c8a
