Omniston Protocol Overview

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[1] | Post-Beta Availability

The Omniston protocol by STONfi is now fully operational beyond its beta testing period. The restriction limiting swaps to under $1000 has been removed, enabling users to process swaps of any size on the platform.

[2] | Core Advantages

This system has established itself as a fundamental tool for conducting swaps on the $TON network. It offers two primary improvements over traditional methods: it finds the best available rate and ensures the user experiences zero slippage on their transaction.

[3] | The Quote Process

The mechanism is both secure and effective. It starts when a user selects a pair to trade. The protocol then issues a Request-For-Quote to every solver operating on the blockchain. These solvers send back their proposed rates in response.

[4] | Securing the Rate

Omniston analyzes all the returned quotes to identify the one with the best final outcome for the swap. This selected rate is then presented to the user and becomes locked for a brief time window.

[5] | Guaranteed Execution

The locked price is protected by a Hashed-Timelock Contract (HTLC). This smart contract ensures that if the market rate changes even a small amount, the swap is canceled, safeguarding the user from a worse price. This process reliably delivers an optimal result for swaps on the $TON blockchain.