DeDust, the current number one decentralized exchange (DEX) in terms of ecological ranking, has experienced significant growth in Total Value Locked (TVL) due to recent official incentives. This article provides a comprehensive introduction to DeDust’s four main functions: Swap, Pools, Stake, and Bridge.
Table of Contents:
What is DeDust?
Swap
Pools
Stake
Bridge
In the past two weeks, while Bitcoin has been fluctuating around $60,000, TON has shown resistance to the downturn and currently has a price increase of less than 8% from its all-time high, maintaining a high level of volatility.
This article, written by the Breaking.TON columnist from Dongqu, introduces the four main functions and interactive tutorials of the largest DEX in the current ecosystem, DeDust.
Founded in 2022, DeDust is currently the top-ranked decentralized exchange in terms of TVL ($340 million) within the TON ecosystem. It currently offers 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
DeDust’s TVL price trend. (Image: DefiLlama official website)
DeDust supports the exchange of multiple tokens, allowing users to quickly convert between different cryptocurrencies. Similar to Uniswap, users can connect their wallets and begin token exchanges. The settings button in the upper right corner also provides slippage adjustment functionality. If you are using the TonKeeper wallet on your mobile phone, you need to authenticate transactions within the app. Currently supported wallets on DeDust include Telegram, Tonkeeper, Bitget Wallet, DeWallet, MyTonWallet, OpenMask, Tonhub, TON Wallet, and XTONWallet.
(Image: https://dedust.io/pools, June 28, 2024)
(Image: https://dedust.io/pools, June 28, 2024)
The platform currently provides 813 liquidity pools, allowing users to add assets to the pools and earn a share of the transaction fees. Additionally, as shown in the image, some liquidity pools marked with a blue-purple background receive official incentives.
(Image: https://dedust.io/pools, June 28, 2024)
Taking the TON/USDT pool as an example, liquidity providers (LPs) not only earn a 0.4% share of the transaction fees but also accumulate additional rewards in TON, HYDRA, DUREV, and other tokens, with an APR of 80.36%.
(Image: https://pse.is/657jtj, June 28, 2024)
SCALE is DeDust’s native token, which users can stake to earn an annual reward of approximately 30.44%. The reward amount depends on the proportion of tokens staked in the pool and the fees earned by the exchange.
DeDust supports asset transfers between the TON chain and Ethereum, with a simple and clear operation. Users only need to enter the asset amount, and the system will automatically calculate the received amount, as well as the network and cross-chain bridge fees. They can then link to the mobile wallet to complete the process.
DeDust’s cross-chain bridge interface. (Image: https://dedust.io/bridge)
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