The Omniston Protocol is Live! Here’s What It Can Do

Omniston is a protocol developed by STON.fi, one of the leading DEX platforms on the TON blockchain. Just two days ago, it entered its beta phase, now available to developers, testers, and resolvers.

A Closer Look: Omniston’s Functionalities

Omniston is a unified decentralized liquidity protocol that consolidates liquidity from various DEXs and resolvers to provide users with the best possible deals on the blockchain. At its core lies the RFQ (Request for Quote) mechanism, which collects and analyzes offers from market makers, ensuring traders get the best deal available.

Omniston utilizes an off-chain request mechanism to optimize quotations, minimizing fees and speeding up the selection process for the best offers. With Omniston, users can access the combined liquidity of the TON blockchain within a single app, completely transforming how decentralized exchanges operate.

I used to read articles written by others and think, “How cool it must be to be the first to know all the news.” Now, as I write my own, I’m excited to share this knowledge about Omniston with you! Let’s dive into the next section of the article.

Security

Security is one of Omniston’s top priorities. The protocol gives users full control over their funds. All transactions are executed via smart contracts, ensuring no third party can access users’ assets. RFQ is the only off-chain component, and it interacts solely with transaction information, leaving users’ assets untouched.

Omniston removes the need for deposits and intermediaries, significantly reducing risks. Deals are executed directly between traders and resolvers without the need to trust a third party, offering the highest level of security.

Future Updates

Omniston won’t be limited to TON alone. In future updates, the protocol will expand to a cross-chain solution, allowing trades between TON and other blockchains like TRON, which is expected to be the first blockchain added in this cross-chain development. This integration will create new opportunities for trading by increasing the available liquidity and expanding the market for users. As Omniston scales, it will integrate more blockchains, giving users even greater trading opportunities.

Conclusion

Omniston is the key to the future of decentralized trading. It brings together liquidity, reduces fees, ensures security and transparency, and is ready to scale into a cross-chain ecosystem. This protocol changes the game, offering traders simplicity, convenience, and functionality at a new level. As a STON holder, I am eagerly waiting for the full launch of the protocol, hoping it will lead to new growth for the entire blockchain.

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