$OM token: $6M Market Cap -> $4.2M Market Cap in 1 hour The situation is completely surreal, the coin essentially took a hit of incomparable power and there was not a single word from the funders. Their twitter is empty and the discord community is just silent. A lot of people lost on this coin, especially those who just couldn't sell the coin because of the super high slippage. Transactions were simply canceled and could not be completed until the end. But on the $TON blockchain, the Omniston protocol was introduced, which helps in such situations. It receives a quote from all major blockchain resolvers in advance via the Request-For-Quote protocol and sends the best offer to the user. Once the user runs the protocol, the rate can no longer change, it is fixed for the entire transaction.
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Yeah, the market's failing. This Monday was one of the worst days for crypto in my memory: - $BTC fell as low as 75,000. - $ETH broke the $1,500 mark. But despite all the hardships, DeFi will endure and will continue to develop and grow. For example, the Omniston protocol has now been launched on the $TON blockchain. In such periods, simple swaps often fail to complete because they exceed the slippage rate, which can often lead to dire consequences. But, on STON.fi with Omniston enabled, everything is different. Quote cannot change during the swap, so the price of the coins will remain exactly as written. This is especially often a problem when working with memecoins. And now, Omniston will sort of negotiate with the biggest resolvers of the blockchain and get quotes in advance. Among them, it selects the best ones at the offered rate and ensures stability. You can read more about Omniston here: coinmarketcap.com/community/articles/67eba2cc02a107137595952c8a/
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After a long time of beta testing, the Omniston protocol has been launched and is now officially embedded in the main DEX functionality of the $TON blockchain - STON.fi. The protocol rebuilds the classic #DeFi structure by solving several problems: First of all, now we don't have to choose the DEX with the best rate and a large amount of liquidity. The Omniston protocol will automatically contact the main blockchain resolvers that hold the main liquidity - CoffeeSwap, STON.fi, Moki. CoffeeSwap is a bit out of place in this lineup, as it is a liquidity aggregator in its own right. But that's the fun part. It is almost impossible to negotiate with each resolver individually. But CoffeeSwap has already done it, and the protocol already has its own liquidity. But soon the Omniston protocol will have even more liquidity, as communication with other resolvers is being established at the moment.
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