Bidask Protocol Project Introduction, Team, Financing and News

Performances

RD Popularity Index

2717.39% (24h)

0100200300400500

Project Rank: 4218/15432

RD Growth Index

1290.00% (24h)

0400800120016002000

Project Rank: 4113/15432

Comparison

Fundraising

DDWF Labs

Round	Amount	Valuation	Date	Source	Investor
--	--	--	Feb 12, 2025		DDWF Labs

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Details

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.

Tags:

DeFi

DEX

Ecosystem(1):

TON

Founded:

2024

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