What is DeDust: the decentralized trading platform powered by the TON blockchain

DeDust represents a significant advancement in decentralized finance, operating as a native decentralized trading platform on the TON blockchain. This innovative platform enables users to trade and manage cryptocurrencies without the need for centralized intermediaries, offering enhanced control, privacy, and security over digital assets. By leveraging the advanced capabilities of the TON blockchain and its proprietary DeDust Protocol 2.0, the platform provides a comprehensive trading ecosystem that includes token swaps, liquidity provision, and staking opportunities.

What is DeDust?

DeDust is a decentralized trading platform built on the TON blockchain, centered around the innovative DeDust Protocol 2.0. The platform provides a user-centric trading experience that encompasses token swaps, liquidity provision, and staking mechanisms, all while capitalizing on the inherent advantages of the TON blockchain infrastructure.

The TON blockchain, formerly known as the Telegram Open Network and currently operated by the TON Foundation, is distinguished by its exceptional throughput and scalability capabilities. These characteristics are fundamental to operating an efficient decentralized trading platform. DeDust harnesses these features to deliver low transaction costs and rapid processing speeds, making it an attractive option for traders seeking efficient execution.

The DeDust Protocol 2.0 introduces several advanced features designed to enhance user experience. The protocol utilizes TON's sharding technology and actor model, enabling the platform to manage resources effectively and handle substantial transaction volumes without performance degradation. Additionally, DeDust Protocol 2.0 supports sophisticated operations such as multi-hop trades and stable swaps, which are essential for providing liquidity and maintaining market stability across the platform.

The platform allows users to participate in liquidity pools, where they can earn a proportional share of trading fees generated through the platform. DeDust has also introduced its native utility token, SCALE, which rewards users for contributing liquidity and actively engaging with the platform ecosystem. The staking program associated with SCALE has experienced significant adoption, further strengthening the platform's ecosystem by increasing both liquidity depth and user engagement.

DeDust's position as an early entrant in the TON ecosystem provides it with a competitive advantage, particularly as the platform continues to evolve with new features and improvements. The combination of advanced protocol features, low transaction costs, and comprehensive earning opportunities makes DeDust io a notable player in the decentralized trading landscape.

How to get started with DeDust

Getting started with DeDust io involves several straightforward steps, from establishing a TON-compatible wallet to acquiring Toncoin and connecting to the platform. This process is designed to be accessible for both experienced DeFi users and newcomers to the ecosystem.

The first requirement is setting up a TON-compatible wallet. This wallet serves as your secure storage solution for Toncoins and your interface for interacting with DeFi platforms like DeDust io. To establish your wallet, download a compatible wallet application, follow the provided instructions to create a new wallet, and ensure you securely back up your wallet's recovery phrase in a safe location.

With your wallet configured, the next step involves acquiring Toncoin (TON), the native token of the TON blockchain. Toncoin can be purchased through various cryptocurrency trading platforms or directly within certain wallet applications like Tonkeeper. After purchasing Toncoin, transfer the tokens to your TON-compatible wallet using the wallet's receiving address.

Once your wallet contains sufficient Toncoin, you can connect it to DeDust io. Navigate to the DeDust platform and locate the "Connect Wallet" button, then select your wallet provider from the available options. After selecting your wallet, authorize the connection through your wallet application. This linking process enables your wallet to interact with DeDust io, allowing you to commence trading, provide liquidity, or participate in staking activities on the platform.

After successfully connecting your wallet to DeDust io, you can explore the various features available, including token swapping, liquidity provision, and participation in staking pools. For those new to decentralized finance, beginning with a simple token swap provides an excellent opportunity to understand how transactions function on the TON blockchain before engaging in more complex activities.

What is the SCALE token?

SCALE serves as the utility token for the DeDust io platform, designed to play a multifaceted role throughout the platform's ecosystem. This token is central to the platform's economic model and provides various benefits to holders and active participants.

Through staking SCALE tokens, users can earn rewards typically distributed in additional SCALE tokens. This staking mechanism not only rewards token holders but also contributes to platform stability by providing liquidity and reducing circulating supply, which can help support the token's value over time. The staking program encourages long-term holding and active participation in the platform's growth.

SCALE follows a structured supply mechanism, with an initial allocation of 21,000,000 tokens. The token is integral to the platform's operations and serves as the primary reward mechanism for users who contribute to the platform's development and growth. The tokenomics are deliberately structured to incentivize long-term holding and active participation, fostering a healthy and engaged user community.

The token distribution is allocated across several categories: 20.54% has been burned, 26.02% is available on the market, 2.61% is reserved for marketing initiatives, 5.83% supports development efforts, 20.00% is allocated to the core team, and 25.00% comprises the ecosystem fund. This distribution strategy balances immediate market availability with long-term platform development and community growth.

By holding and utilizing SCALE tokens, users can maximize their rewards on DeDust io, benefiting from governance rights to financial incentives. This makes SCALE a fundamental component of the platform's ecosystem and an essential consideration for users looking to fully engage with DeDust io's offerings.

How to swap tokens on DeDust

Swapping tokens on DeDust io is a straightforward process, though understanding the underlying mechanics can help users execute transactions with greater confidence and efficiency. The platform provides an intuitive interface while maintaining the sophisticated features necessary for optimal trading.

Before initiating any token swap, users must connect their TON-compatible wallet to DeDust io. Once the wallet connection is established, DeDust io automatically detects available tokens in the wallet, making them immediately ready for swapping operations. This seamless integration streamlines the trading process.

To execute a swap, navigate to the "Swap" section of DeDust io and select both the token you wish to exchange and the token you want to receive. The platform displays the current exchange rate based on available liquidity in the corresponding liquidity pools. These pools are essential infrastructure, ensuring sufficient liquidity for transactions, which directly impacts both the ease and cost of trading.

Before finalizing a swap, it's important to adjust transaction settings to account for slippage. Slippage represents the difference between the expected price of a token and the actual execution price. Setting a lower slippage tolerance means transactions will only execute if prices remain within a specified range, protecting users from unexpected price movements. However, this conservative approach may result in failed transactions during periods of high market volatility.

DeDust io charges a small swap fee, typically calculated as a percentage of the transaction value. Operating on the TON blockchain, the platform benefits from gas optimization, a key factor in maintaining cost-effective transactions. DeDust io is designed to be gas-efficient, minimizing the computational resources required to process transactions and reducing overall user costs.

To complete the swap, select the "Swap" button to execute the transaction. Your wallet will prompt confirmation, displaying estimated gas fees and final swap details. After confirmation, the swap is processed rapidly, with new tokens typically appearing in your wallet within seconds, demonstrating the speed and efficiency of the TON blockchain.

How to provide liquidity and earn on DeDust

Providing liquidity on DeDust io offers users another avenue to earn rewards while supporting the platform's functionality. By contributing liquidity, users enable smoother and more efficient token swaps across the platform, and in return, they earn a portion of transaction fees along with additional incentives.

The process begins by connecting your TON-compatible wallet to the platform. Once connected, navigate to the pool section where you'll find various liquidity pools, each consisting of a token pair. Pool selection should be based on the tokens you hold and are willing to deposit, with potential earnings dependent on the trading volume and fees generated within that specific pool.

To provide liquidity, users must deposit equivalent values of both tokens in the selected pool. For example, choosing a TON-USDC pool requires providing equal amounts of TON and USDC tokens. In exchange for this deposit, the platform issues LP tokens (liquidity provider tokens). These LP tokens represent your proportional share of the pool and are used to calculate reward distributions.

As a liquidity provider, you earn a share of trading fees generated by the pool, proportional to your contribution. Fee distributions occur in real-time, with earnings accumulating as long as your liquidity remains deposited in the pool. DeDust io may also offer bonus rewards in SCALE tokens, potentially enhancing overall returns. Additionally, the value of LP tokens may appreciate as the pool grows, providing another avenue for potential earnings.

Liquidity can be removed at any time by redeeming LP tokens for the underlying assets. However, users should be aware of potential risks, particularly impermanent loss, which occurs when the value of tokens in the pool experiences significant fluctuations. To mitigate these risks, consider providing liquidity in stablecoin pools or pools with lower volatility characteristics. Careful evaluation of risk factors and portfolio diversification strategies can help protect assets while participating in liquidity provision.

Conclusion

DeDust io has established itself as a prominent option within the decentralized trading landscape, offering a platform that combines advanced features with the substantial benefits of the underlying TON blockchain infrastructure. Users can trade assets with relatively low fees while also having the opportunity to provide liquidity and earn rewards through various mechanisms.

The SCALE token serves as the cornerstone of the platform's reward system, incentivizing active participation in the DeDust io community and strengthening the overall network. Through features such as token swapping, liquidity provision, and staking, DeDust io provides comprehensive options for users seeking to maintain control over their digital assets without relying on centralized intermediaries.

The platform's integration with the TON blockchain's high-performance infrastructure, combined with the innovative DeDust Protocol 2.0, positions it as a competitive solution for users seeking efficient, cost-effective decentralized trading. As the DeFi ecosystem continues to evolve, DeDust io represents a significant advancement in providing users with accessible, secure, and feature-rich decentralized trading services. However, as with all DeFi platforms, users should conduct thorough research and carefully evaluate risks before participating in any activities on the platform.

FAQ

What does DeDust mean?

DeDust is a decentralized exchange protocol built on the TON blockchain, enabling seamless token swaps and liquidity provision. It combines efficient trading mechanisms with user-friendly interface design.

Who is the founder of DeDust?

Nick Nekilov is the founder of DeDust. He announced DeDust X protocol at the TON Gateway conference in Dubai in November 2024, confirming his leadership role in the project.

What are the main features and functions of DeDust?

DeDust is a decentralized trading protocol enabling peer-to-peer cryptocurrency exchanges with significantly reduced gas fees. It prioritizes efficiency, cost-effectiveness, and seamless token swaps while maintaining full decentralization and user control over assets.

How do I use DeDust to trade or swap tokens?

Open the 'Swap' section, enter the token amount you wish to swap, and tap 'Swap'. Confirm the transaction details and complete the swap.

What is the difference between DeDust and other DEX protocols?

DeDust is a decentralized exchange on TON blockchain with advanced liquidity pools and unique order matching mechanisms. DeDust Protocol 2.0 offers enhanced efficiency, lower slippage, and superior user experience compared to traditional DEX protocols.