What Is DeDust: The Decentralized Exchange Powered by the TON Blockchain?

DeDust is a decentralized exchange (DEX) built natively on the TON blockchain. It lets users trade and manage cryptocurrencies without relying on a central authority. Unlike traditional exchanges managed by centralized entities, DEXs like DeDust allow you to operate directly from your wallet, giving you greater control over your assets and enhancing your privacy.

Think of a DEX as an independent marketplace. In a typical supermarket (centralized exchange), the store sets prices and acts as an intermediary between producers and buyers. In contrast, an independent market (DEX) lets individual sellers (users) bring their products directly to customers, negotiate prices, and transact without a third party. This direct interaction reflects how DEXs work, enabling secure and transparent trading.

Among today’s DEX options, DeDust stands out for its advanced features, powered by the DeDust 2.0 Protocol. This article offers a comprehensive look at DeDust, highlighting what it is, the benefits it delivers to users, and how you can get started on the platform.

What Is DeDust?

DeDust operates as a DEX on the TON blockchain, built around the innovative DeDust 2.0 Protocol. The platform provides a user-centric trading experience with token swaps, liquidity provision, and staking, maximizing the advantages of the TON blockchain.

TON, formerly Telegram Open Network, is run by the TON Foundation. It’s known for high performance and scalability—key attributes for any efficient DEX. DeDust leverages these strengths to deliver low transaction costs and rapid processing speeds.

The DeDust 2.0 Protocol brings several advanced features to improve user experience. Using TON’s sharding and actor model, the platform effectively manages resources and processes high transaction volumes smoothly. DeDust 2.0 also supports complex operations like multi-hop swaps and stable swaps, which help ensure liquidity and market stability.

DeDust enables participation in liquidity pools, allowing you to earn a share of trading fees. The platform also introduced its native token, SCALE, rewarding users for providing liquidity and active engagement. The staking program tied to SCALE has seen strong adoption, boosting the ecosystem by increasing liquidity and user activity.

DeDust’s established presence in the TON ecosystem gives it a competitive edge as it evolves with new features and enhancements. However, as with all DeFi platforms, be sure to understand the risks and always do your own research (DYOR) before participating.

How to Get Started with DeDust

Here’s how to get started with DeDust—from setting up a TON-compatible wallet to acquiring TON coins and connecting your wallet to DeDust.

First, you need a TON-compatible wallet. Your wallet stores Toncoin and interacts with DeFi platforms like DeDust. Download a compatible wallet, follow the steps to create a new wallet, and securely back up your recovery phrase.

With your wallet ready, acquire Toncoin (TON), the native token of the TON blockchain. You can buy Toncoin on several centralized exchanges or directly in some wallet apps such as Tonkeeper. After purchase, transfer Toncoin to your TON-compatible wallet using your wallet’s receiving address.

Once your wallet is funded, connect it to DeDust. Go to DeDust and select "Connect Wallet," then choose your wallet provider. Authorize the connection through your wallet app. This links your wallet to DeDust, letting you trade, provide liquidity, or stake on the platform.

After connecting your wallet, explore token swaps, liquidity provision, and staking pools. If you’re new to DeFi, consider starting with a basic token swap to learn how transactions work on the TON blockchain.

What Is the SCALE Token?

SCALE serves as the utility token for DeDust. It plays a major role throughout the platform’s ecosystem.

Staking SCALE earns you rewards, usually paid in additional SCALE tokens. Staking not only incentivizes holding SCALE but also supports platform stability by providing liquidity and reducing circulating supply, which can help sustain token value.

SCALE’s supply is fixed at 21,000,000 tokens at inception. It’s central to platform operations and rewards contributors to DeDust’s growth. The tokenomics are designed to encourage long-term holding and active participation, helping build a strong, engaged user base.

SCALE distribution: Burned: 20.54%, On the Market: 26.02%, Marketing: 2.61%, Development: 5.83%, Core Team: 20.00%, Ecosystem Fund: 25.00%.

Holding and using SCALE allows you to maximize rewards on DeDust, from governance rights to financial incentives, making it integral to the platform.

How to Swap Tokens on DeDust

Swapping tokens on DeDust is straightforward, but understanding the mechanics behind it can help you transact with confidence.

Connect your TON-compatible wallet to DeDust. When connected, DeDust automatically detects your available tokens, making them ready for swapping.

Navigate to the "Swap" section on DeDust. Select the token you want to exchange and the token you wish to receive. The platform displays the current exchange rate based on available liquidity in the pools. These liquidity pools are critical—they ensure enough liquidity for your swap and directly affect transaction speed and cost.

Before confirming the swap, adjust your transaction settings to account for slippage. Slippage is the difference between the expected price and the actual execution price. Lower slippage tolerance ensures your transaction only occurs if the price stays within your set range, protecting you from unexpected market moves. However, this may cause the transaction to fail in volatile markets.

DeDust, like other DEXs, charges a small swap fee—typically a percentage of the transaction value. Since DeDust runs on TON, gas optimization is crucial. The platform is designed to minimize computational resources, lowering your overall transaction costs.

When you’re satisfied with your settings, click "Swap" to execute. Your wallet will prompt for confirmation, showing estimated gas fees and final details. After you confirm, the swap processes and your new tokens should show up in your wallet within seconds.

How to Provide Liquidity and Earn on DeDust

Providing liquidity on DeDust is another way to earn rewards and support the platform. By adding liquidity, you enable smoother token swaps and earn a share of transaction fees and other incentives.

Connect your TON-compatible wallet and go to the pools section. Choose a liquidity pool based on the tokens you own and want to deposit. Your earnings will depend on trading volume and fees generated in that pool.

To provide liquidity, deposit equal values of both tokens in your chosen pool. For example, in a TON-USDC pool, you’ll need equivalent amounts of TON and USDC. The platform issues LP tokens (liquidity provider tokens) representing your share of the pool, which are used to calculate rewards.

As a liquidity provider, you earn a portion of trading fees proportional to your contribution. Fees are distributed in real time, and your earnings grow as long as your liquidity stays in the pool. DeDust may also offer extra rewards in SCALE, boosting your returns. The value of your LP tokens can rise as the pool grows, providing an additional earning avenue.

You can withdraw your liquidity anytime by redeeming LP tokens for the underlying assets. Note the risks, such as impermanent loss, which happens when token values in the pool change significantly. To reduce risk, consider providing liquidity in stablecoin pools or pools with lower volatility.

Follow these steps to provide liquidity on DeDust and explore DeFi earning opportunities. Always assess the risks and diversify your activities to safeguard your assets.

Conclusion

DeDust is a leading choice among DEX platforms, offering advanced features and the strengths of the TON blockchain. Users can trade assets with low fees and provide liquidity to start earning rewards. These rewards are powered by the SCALE token, which also drives community engagement and ecosystem growth. Ultimately, DeDust offers a way to take control of your digital assets without a centralized authority. As with any DeFi platform, do your own research, understand the risks, and make informed decisions before committing your resources.

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