DeDust is a decentralized exchange (DEX) on The Open Network (TON) that leverages an automated market maker (AMM) model. It offers features such as low fees, fast transactions, liquidity provision, and cross-chain bridging between Ethereum and TON. Launched with DeDust Protocol 2.0, it aims to provide an intuitive user experience and secure asset management.
DeDust is an advanced decentralized exchange (DEX) built natively on The Open Network (TON) blockchain. Initially launched as an NFT marketplace, DeDust has evolved to include a wide range of cryptocurrency exchange services, liquidity earning opportunities, and cross-chain integrations. The platform was developed to address the fragmented liquidity in the DeFi space on TON, providing users with the best possible trading experience through its AMM
DeDust aggregates liquidity from various sources within the TON ecosystem, including major decentralized exchanges (DEXs). This aggregation helps provide optimal prices and minimal slippage for token swaps. Users can perform multi-hop trades and set slippage levels according to their preferences.
One of the standout features of DeDust is its cross-chain bridge, which facilitates the seamless transfer of assets between Ethereum and TON. This bridge supports wrapped Bitcoin (WBTC) and stablecoins such as USDC, USDT, and DAI, making it easier for users to move assets across different blockchain ecosystems.
DeDust includes a comprehensive portfolio management tool that allows users to track their trading activities and results in one place. This feature enhances the user experience by providing a clear overview of asset performance and portfolio value.
DeDust introduced its native token, SCALE, which serves multiple functions within the ecosystem. SCALE tokens are used to incentivize users to provide liquidity to the exchange’s pools. The staking program allows users to earn rewards in SCALE tokens, contributing to the platform’s liquidity and stability.
The initial supply of SCALE tokens is distributed as follows: 40% for community growth via airdrops, 20% for locked token sales, and 40% reserved for the team and strategic reserves. The tokens are subject to a vesting schedule to ensure long-term commitment and stability within the ecosystem.
SCALE token holders have governance rights, allowing them to vote on important platform decisions, including token listings and development initiatives. This decentralized governance model ensures that the community has a significant role in the platform’s future direction.
DeDust supports various DeFi activities, including token swaps, liquidity provision, and staking. The platform’s user-friendly interface and low fees make it accessible for both new and experienced users. Additionally, DeDust’s integration with the TON blockchain ensures high transaction speeds and scalability.
DeDust has rapidly gained traction within the TON ecosystem, achieving over $7 million in Total Value Locked (TVL) and facilitating significant trading volumes. The launch of the SCALE token and the implementation of the cross-chain bridge are notable milestones that have contributed to the platform’s growth and adoption.
DeDust’s performance metrics reflect its success in the DeFi space on TON. The platform boasts over $7 million in TVL, with substantial daily trading volumes and active user participation in its staking and liquidity programs.
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