The new protocol from STON.fi is Omniston [ENG].
Hi, I'm Founder of Ton Block channel, in today's article I will tell you about a new feature on our favorite DEX exchange — STON.fi
Introduction:
- What is Omniston?
- What is a quote request?
- What are the benefits of using Omniston?
- Omniston SDK (for developers).
- Conclusion.
- Social networks of the project.
1) What is Omniston?
Omniston is a single decentralized protocol that allows you to exchange cryptocurrency as profitably as possible. It does this through liquidity aggregation, developed specifically for TON Blockchain. STON.fi aggregates the liquidity of different decentralized exchanges and gives you the best deal.
Unfortunately, the protocol is currently only available to developers, testers and resolvers. Normal users will be able to access all Omniston features as soon as they are sure that everything works flawlessly.
2) What is a quote request?
The Exchange aggregates liquidity from various sources, one of which is Request for Quote (RFQ).
This is a price request mechanism that allows users to obtain the most competitive quotes from intermediaries, including external DEX platforms.
3) What are the benefits of using Omniston?
- Provides users with the best price conditions.
- STON.fi smart contracts protect funds and no one but the traders can access them.
- The protocol will support cross-chain interoperability, including the TON and TRON networks, allowing traders to handle liquidity from different sources.
- You will no longer be limited to tokens available only on STON.fi, Omniston will now combine offerings from all liquidity sources on the blockchain, bringing together all of TON's liquidity in one convenient application.
4) Omniston SDK.
- Demo application source code for app developers.
- Node.js SDK for JavaScript/TypeScript applications.
- React SDK for use in React or Next.js applications.
- Exchange Overview — instructions on how to perform an exchange using the Omniston protocol.
Read more here — Omniston.
5) Conclusion.
Omniston is a service that will change blockchain trading forever. It promises to be a powerful tool for everyone involved in blockchain trading, facilitating access to the best conditions and increasing the security of transactions.
In addition, STON.fi announced us cross-chain technology, according to them in the near future the protocol will allow to work between TON and TRON networks, as well as, they will continue to add more networks to the system.