Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

TON Swap DEX unveils long-term farming program

CryptocurrencyOct 27, 2021 07:30AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
TON Swap DEX unveils long-term farming program

Broxus, one of the leading developers of the FreeTON network, has announced that they have made key updates to TON Swap, the FreeTON powered DEX. The most significant changes are centered around the platform’s farming offerings, which will be given expanded parameters in conjunction with the sustained growth and increase in liquidity the platform has experienced.

Since the project’s early days, an ecosystem has crystallized around the network and its TON Crystal token, structured in large part by Broxus and other developers working to translate the unique capabilities of FreeTON into use cases that can be enjoyed by everyone. One of the brightest stars in the FreeTON constellation has been TON Swap, the platform’s Broxus-powered DEX.

Recently, Broxus has completed an overhaul of the exchange, rewriting the exchange’s frontend while also making it much easier to use by adding a bevy of relevant market and token data. In addition to the exchange’s overall upgrade, Broxus has announced that it has expanded the parameters of one of the exchange’s central features in its farming program.

Infinity Pools and Vesting
Due to prolonged growth and internal dialogue in the FreeTON community, Broxus has structured a long-term farming program on TON Swap. Central to the program are the new additions of infinity pools and vesting.

With infinity pools, farming pools are now capable of operating without set time limits. While there is no end date for farming, farming speed can be changed without having to create new pools. As it stands now, farming speed can be changed at intervals of a minimum of once every two weeks. While this update is being introduced, the platform’s main WTON mining pools will remain unchanged for the next month, and token rewards will continue to be those that are specified by the pool.

Vesting is a means of managing excess supply in the market created by increases in Total Value Locked (TVL) and farming speeds. Vesting is an additional option for farming pools with set parameters on the percentage of tokens allocated for vesting and the duration they can remain that way. Vesting lasts for a period of 120 days and 50% of the rewards are unlocked by day 110. Over the course of 120 days everything will be unlocked. Two new parameters, vesting ratio and vesting period, have been added to the vesting protocols, along with two new designations pertaining to user data: entitled and unclaimed.

Beyond that, in connection with the Crystal Handshake program that is working to bring promising DeFi projects into the FreeTON ecosystem, there are a number of new tokens that are slated to be added to TON Swap, which will further expand the DEX’s farming capabilities. Among the projects expected to join TON Swap are:

  • FRTN (gaming industry, tip-3)
  • EUPI (stable euro, tip-3)
  • BDCC (gaming industry, binance ecosystem)
  • FRAX (fractional-algorithmic stablecoin system based on ETH)
  • Chatex (DeFi crypto bank)
  • A bundle of tip-3 projects from the FreeTON ecosystem
  • A bundle of projects from the ETH ecosystem
These changes come as TON Swap has established itself firmly at the center of the FreeTON economy. Currently, there is more TON liquidity on TON Swap than there is on all of the industry’s CEX’s combined and total trading volume on TON Swap is nearing the equivalent of $60 million over its existence. Farming has played a central role in the flourishing of the exchange, and long-term farming in particular. The new changes and expansions to the farming program will see those figures continue to rise and more projects getting involved and adding to the already diverse FreeTON economy.

About FreeTON:
FreeTON is a fast, secure and scalable network with near-zero fees, which can process up to a million transactions per second thanks to its unique dynamic sharding technology. As a development built off of the Durov brothers' original TON concept, the FreeTON blockchain is designed to facilitate the widespread adoption of decentralized solutions by lowering the price and complexity entrance thresholds. The ecosystem features a number of products, including TON Swap Decentralized Exchange, the main DeFi ecosystem wallet Crystal wallet and bridges with other blockchains.

Media Contacts
Name: Lily

Company name: Broxus

Email: lily.pr@broxus.com

Website: https://tonswap.io/swap

City: Tallin, Estonia

Continue reading on BTC Peers

TON Swap DEX unveils long-term farming program
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email