DeDust, currently ranked first among decentralized exchanges in the TON ecosystem, has experienced a significant surge in Total Value Locked (TVL) recently due to vigorous official incentives. This article provides a comprehensive introduction to DeDust’s four major functionalities: Swap, Pools, Stake, and Bridge.
Overview
What is DeDust?
Swap
Pools
Stake
Bridge
Over the past two weeks, Bitcoin has fluctuated around $60,000, while TON has shown relative resilience, with a price increase of less than 8% from its all-time high, maintaining stability at higher levels.
Breaking.TON, the column author of the subsequent article, introduces the four major features and interactive tutorials of the largest DEX in the current ecosystem, “DeDust”.
Established in 2022, DeDust is currently the top-ranked decentralized exchange in the TON ecosystem with a TVL of $340 million, offering trading services for 75 currencies and 1,054 trading pairs.
|Website:
https://dedust.io/
|X:
https://x.com/dedust_io
|Telegram: https://t.me/dedust_en
Price trend of TVL on DeDust. (Image: DefiLlama official website)
DeDust supports the exchange of various tokens, enabling users to quickly convert between different crypto assets, similar to operations on Uniswap after connecting their wallets.
Additionally, the settings button in the upper right corner allows for slippage adjustment.
If you are using the TonKeeper wallet on your mobile phone, transaction confirmation is required within the app.
Currently supported wallets on DeDust include: Telegram, Tonkeeper, Bitget Wallet, DeWallet, MyTonWallet, OpenMask, Tonhub, TON Wallet, XTONWallet.
(Image: https://dedust.io/pools, June 28, 2024)
(Image: https://dedust.io/pools, June 28, 2024)
The platform currently offers 813 liquidity pools, where users can add assets to earn a share of transaction fees.
Furthermore, from the image below, it can be seen that some liquidity pools marked with a blue-purple background have APR incentives.
(Image: https://dedust.io/pools, June 28, 2024)
Taking the TON/USDT pool as an example, liquidity providers (LPs) not only receive a cut of the transaction fees at 0.4% but also accumulate additional APR rewards such as TON, HYDRA, DUREV at 80.36%.
(Image: https://pse.is/657jtj, June 28, 2024)
SCALE is DeDust’s native token, allowing users to stake and earn approximately 30.44% annual rewards, depending on the token proportion in the staking pool and fees earned by the exchange.
DeDust supports asset transfers between the TON chain and Ethereum, with a straightforward interface. Simply enter the asset amount, and the system will automatically calculate the received amount, network, and cross-chain bridge fees, facilitating connection to mobile wallets for seamless transactions.
DeDust’s Cross-Chain Bridge Interface. (Image: https://dedust.io/bridge)
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