The future of trading. Omniston Protocol.

No slippage, automatic search for the best rate on the cryptocurrency market. The Omniston protocol is already here, and is ready to open the way to truly high-quality trading on DEX.

#omniston #ton #blockchain

The Omniston protocol solves the problem of lack of liquidity and the resulting difference in rates on different DEX platforms, and at the same time deals with slippage.

The problem is solved by using market makers instead of liquidity providers and the Request For Quote mechanism.

Request-For-Quote

The system is similar to that of CEX exchanges. The protocol coordinates with the market maker about the rate and provides the exact rate in advance. Thus, there is no need for slippage.

In addition, the Omniston protocol compares the rates of all market makers and selects the best of them.

A little bit of numbers

Let’s imagine a swap of 1000 USDT to $NOT. The optimal slippage value for such a pair will be 0.7%.

Slippage — permissible change in the rate of a transaction during its execution

Having collected data from different exchanges, I found out that they all offer quite different rates:

STON.fi — 109833 NOT for 1000 USDT
DeDust — 109951 NOT for1000 USDT
Swap.coffee — 109786 NOT for1000 USDT

The difference is noticeable by eye, but let’s calculate the deviation of the best from the worst:

(109951–109786) / 109951 = 0.15% for a pair with a relatively stable rate. It doesn’t seem to be a lot, but it’s a dollar… with half. Having evaluated pairs at different moments of time, it turned out that on a calm market the difference of rates can be from 0.1% to 0.3%, and on a highly volatile market from 0.5% to 1.2%.

More about Omniston — https://ston.fi/omniston