STON.fi at TOKEN2049: Andrey Fedorov on the Future of TON

Summary:
During TOKEN2049 in Singapore, Andrey Fedorov, CMO and CBDO of STON.fi, discussed how the platform's innovations in swaps, liquidity aggregation, and the Omniston protocol are paving the way for a more scalable and user-friendly TON blockchain. As TON experiences rapid growth, STON.fi is dedicated to ensuring a seamless user experience and robust infrastructure.

Key Takeaways:

STON.fi is enhancing the TON ecosystem through effective swaps, liquidity aggregation, and the Omniston protocol.
A strong infrastructure is vital for smooth token transactions and user satisfaction.
Omniston simplifies access to liquidity, allowing developers to integrate once and connect to multiple DEXs effortlessly.
TON's rapid scalability and integration with Telegram offer unique advantages for user engagement.
STON.fi plans to launch a DAO, empowering the community to play an active role in its growth and governance.

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The Future of Infrastructure on the TON Blockchain

At TOKEN2049 in Singapore, we had the opportunity to speak with Andrey Fedorov, Chief Marketing Officer and Chief Business Development Officer of STON.fi Dev. He shared his insights on the future of infrastructure within the TON blockchain and how their platform is becoming pivotal in TON's rapid expansion. Fedorov, who has a strong background in creating user-centric financial solutions, discussed the importance of swaps, liquidity aggregation, and the Omniston protocol in making the TON blockchain more scalable and friendly for developers.

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Understanding the Importance of Infrastructure

When we talk about infrastructure, it often seems intangible. However, users truly feel its impact when they face delays, unfavorable exchange rates, or failed transactions when swapping tokens. A strong infrastructure plays a crucial role in providing a seamless experience. At STON.fi, our aim is to build an efficient engine that minimizes these issues, allowing users to enjoy smooth token swaps and fair prices without worrying about the technical details.

Additionally, Telegram users are familiar with viral mini-apps and games, which often lead them to ask, “What do I do with these tokens now? Can I trade, use, or stake them?” Without reliable infrastructure to facilitate these tasks, interest wanes quickly. STON.fi steps in to fill this critical gap, ensuring users have the tools they need to engage with the wider ecosystem.

The Role of Omniston in the Ecosystem

Omniston, our liquidity aggregation protocol, automates the process of getting the best execution without users needing to know which decentralized exchange (DEX) has the best liquidity at any given moment. It integrates various liquidity sources, allowing people to use the TON blockchain with minimal friction. Our goal is to streamline processes, enhance reliability, and ensure that users’ initial web3 experiences through Telegram are positive and encouraging, leading them to explore further.

Addressing Challenges with Growth

TON has recently transitioned from being a promising blockchain to one that has been stress-tested at scale. Just a year ago, many questioned its readiness for real-world traffic. The situation changed dramatically during significant events like large airdrops, which tripled transaction volumes almost overnight. This rapid growth brought both excitement and challenges.

For STON.fi, it was a crucial learning experience. As swap times increased and queues formed, we paused some transactions to protect users and restructured our systems. We implemented distributed routers, simplified the transactions, and introduced automatic deadlines, which provided a stronger foundation for future operations.

Today, developers using our SDK can be assured they are building on a resilient infrastructure that has been tested under pressure. Even during high traffic, swaps operate smoothly, allowing users to focus on their experience rather than the technical aspects.

Strengths and Support of the TON Blockchain

TON possesses several key advantages. Its integration with Telegram provides projects like ours immediate access to a billion users, facilitating quicker adoption. Additionally, TON's sharding design enhances scalability, although it does present challenges when handling a heavy load. STON.fi has implemented solutions, like distributed routers, to maintain reliable swaps in light of these complexities.

Moreover, TON has a robust ecosystem that fosters collaboration. Projects within the network often amplify one another, leading to a more cohesive and supportive environment. Our emphasis on forming strong partnerships is crucial for the collective progress of the TON ecosystem.

Making Development Simpler with Omniston

For developers aiming to incorporate swaps into their applications, they previously needed to connect individually to every DEX and protocol, a process that simply isn’t scalable. Omniston changes that by enabling a single integration for access to all TON liquidity. This not only simplifies the developer's job but also allows them to concentrate on enhancing features rather than getting bogged down with logistical connections. As a result, over 40 projects have adopted our solution, yielding a ripple effect that benefits users with smoother applications and increased activity for liquidity providers.

Fostering Healthy Competition

Omniston also encourages innovation among DEXs and market makers. By securing the best rates across various pools, DEXs must remain competitive, ensuring they provide attractive offerings to capture order flow. This healthy competition motivates everyone involved to continuously improve.

Embracing External Capital for Ecosystem Growth

As external capital enters the TON blockchain, it becomes part of the broader cryptocurrency economy, which is when the potential truly becomes exciting. Increased liquidity, more trading pairs, and enhanced opportunities arise for users and developers alike. However, this influx also introduces complexity, including bridging assets and managing risks.

This is where STON.fi and Omniston play critical roles. The vision for Omniston extends beyond merely aggregating liquidity within TON; it aims to establish a genuinely cross-chain solution. Our mission is to make all the liquidity interactions seamless, so users won't have to worry about the complexities of various ecosystems.

Looking Ahead: Community-Driven Governance

Until now, we have focused on rapid construction and stabilizing our foundational systems under the leadership of a core team. However, we believe that protocols become stronger when they are guided by their communities. Community-driven governance is about fostering resilience, generating innovative ideas, and building trust.

We are excited to announce that STON.fi is preparing to launch its decentralized autonomous organization (DAO). With a committed and engaged community, we want our users to actively participate in shaping the future of STON.fi. It’s about collaboration and ensuring that the protocol benefits from the input and guidance of the community as we grow together.

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By reinforcing our infrastructure and enacting community governance, STON.fi is uniquely positioned to continue supporting the robust development and expansion of the TON blockchain.