STON.fi has stepped into the future by launching the Omniston protocol: now all tokens will be available in one place
Friends, I want to share with you a really important news that will affect all decentralized trading on the TON blockchain.
STON.fi has launched the Omniston protocol - this protocol will allow you to buy all tokens available on various DEXs at the best price in one place. Yes, I realize it sounds a bit unusual, but just think about it: now any token, which, for example, is available on 1 exchange, but it is not on STON.fi, can be bought using the Omniston protocol, and this protocol will allow you to swap at the best price on the market.
This is really a step into the future that will greatly simplify trading on DEX, because at the moment, despite all the obvious advantages of DEX (no KYC, fast wallet connection and a huge number of available tokens) - DeFi has some technical difficulties, which will be solved with the Omniston protocol.
Also, let me go over the benefits of Omniston in more detail:
First, it's security. All of your funds are owned by you, and Omniston smart contracts ensure that only you have access to them. On CEX exchanges, your assets can be locked up at any time if the exchange doesn't like something, or if you receive a “questionable transaction”.
Secondly, I mentioned in passing that the protocol will enable transactions at the best price in the entire blockchain. Now, this is possible thanks to the RFQ - Request for Quote technology, which operates outside of the blockchain, meaning that we will not incur additional costs for using the technology (blockchain fees).
At the moment the Omniston protocol is being tested, and in the near future it will be available for all STON.fi users.
And yes, the introduction of such technologies is the first step towards cross-chain trading, which is sometimes lacking on DEX, as it is very inconvenient when you have to move between DEX.
In general, you can read more about it in this article, but I tried to talk about the Omniston protocol in a clear language, highlighting the main advantages of the product and emphasizing the importance of the protocol for the future development of the TON blockchain.
Also, I recommend you to follow STON.fi social networks, where all important news is published first: Telegram | Twitter | Site