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Bidask Protocol

A concentrated-liquidity DEX on TON

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This content is generated by RD AI and is for reference only

Bidask Protocol is a decentralized exchange (DEX) built on the TON blockchain, utilizing a Concentrated Liquidity Market Maker (CLMM) model. It allows liquidity providers (LPs) to concentrate capital within specific price ranges, improving capital efficiency and reducing slippage. Traders can directly connect their wallets to swap tokens; LPs can deposit assets into chosen price ranges to earn fees. To accommodate TON's asynchronous messaging and storage constraints, the protocol employs a distributed contract architecture: Range contracts store localized liquidity, Pool contracts handle routing, and a multi-token contract (MSC) manages users' LP shares across different ranges. It optimizes pools involving TON native tokens by processing through the standard jetton wallet interface, reducing gas overhead.

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Founded:
2024

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