bidask

ChainCatcher news, the TON Foundation has published an article introducing an important new member in the ecosystem ------ Bidask, a centralized liquidity market maker (CLMM) DEX built specifically for the TON blockchain. Bidask aims to provide higher capital efficiency and lower trading slippage by allowing liquidity providers (LP) to concentrate capital in specific price ranges.In the first month of launching on the mainnet, Bidask has processed over 1,400 exchanges, with a trading volume of 1.3 million USD and a total locked value (TVL) of 300,000 USD, where the annualized yield (APY) of the TON liquidity pool averages 40%. Bidask has also reduced the integration difficulty for developers through the Trade Account smart contract and Trading API, and has been integrated into mainstream wallets such as Tonkeeper and Bitget Wallet. As a member of the TeFi Alliance, it collaborates with other leading DeFi protocols, aiming to become the core liquidity layer of the TON ecosystem.

ChainCatcher news, according to Chainwire, Web3 investor and market maker DWF Labs has announced an investment in Bidask Protocol to enhance trading on the TON chain, with the specific investment amount not yet disclosed.For Bidask Protocol, this collaboration not only represents a significant financial investment but also an opportunity to integrate DWF Labs as a potential market maker for the platform.