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Liquidity is the lifeblood of all DeFi, as it powers nearly everything: liquidity pools, swaps, and more. Like any resource, liquidity is limited, so various DEXs must address the issue of liquidity shortages.
Why is liquidity so important?
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When you make a swap, you put one token and take another from a liquidity pool. However, there’s a concept called slippage, which can result in you receiving a smaller amount of tokens than you put in. The more liquidity there is, the less slippage occurs, and thus, the more tokens you get from the swap. In other words, the swap rate is better in liquid pairs and worse in illiquid ones.
How is this problem solved?
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Different DEXs may have more or less liquidity in reserve, so the exchange rate can vary across platforms. But why not simply combine the liquidity from all resolvers to get the best rate? That’s the unique solution found on the #TON blockchain - the #Omniston Protocol.
How does Omniston work?
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Omniston is a protocol that acts as an aggregator, connecting liquidity from various sources and providing virtual zero slippage. It was developed by STONfi, the largest DEX on the TON blockchain, and it truly offers a substantial amount of liquidity. Right now, it’s the smartest way to swap your tokens on TON, as you won’t find less slippage anywhere else.