TON ecological decentralized exchange STON.fi completed a new round of financing, the amount is not disclosed
2024-06-18 20:42:34
The decentralized exchange (DEX) based on the TON blockchain STON.fi completed a new round of financing for an undisclosed amount, led by CoinFund, with participation from Delphi Ventures, Karatage, TON Ventures, LI.FI CEO Philipp Zentner, and 1inch co-founders Sergej Kunz and Anton Bukov. It is reported that STON.fi is committed to providing efficient cross-chain transactions without relying on packaging and bridging. To ensure price impact and slippage are minimized, STON.fi use a liquidity pool model, which consists of funds composed of assets locked by multiple users in smart contracts (self-executing protocol code). The assets accumulated in these pools enable instant transactions without relying on traditional buyer-seller markets.
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