Free TON, a decentralized proof of stake blockchain powered by its community and STASIS, a EU compliant EURS stablecoin project, partnered to make DeFi more functional and affordable for everyone.
The STASIS team will be deploying their protocol to the Free TON ecosystem, so that their stablecoin EURS can be minted natively on Free TON.
This partnership will be implemented in two stages:
Farming: Addition of EURS-WTON pair to native Free TON DEX – TonSwap.io, developed by Broxus, a multi-level turnkey platform for crypto exchanges, e-commerce, trading platforms. Sound TON rewards will be applied to users, providing liquidity to that pool.
EURS deployment on Free TON: porting EURS smart-contract to Free TON, so that users can natively receive EURS on Free TON in exchange of their EUR.
The partnership will allow users both from Free TON and STASIS EURS ecosystems to access highly scalable, stable, and on-chain money with low transaction costs and high TPS.
“I am thrilled to see such astonishing projects as STASIS joining the FreeTON community. Together, we will bring the Free TON DeFi ecosystem to a new height! – says Vladislav Ponomarev, CEO of Broxus.
“We are excited to partner with Free TON, the fastest blockchain, which allows everyone to easily enter the DeFI ecosystem”, – says Gregory Klumov, founder of STASIS.
About Free TON
Free TON is a fast, secure and scalable blockchain, which is capable of handling millions of transactions per second and is on a mission to drive wide adoption of decentralized solutions by millions of users. Unique features of Free TON include infinite sharding paradigm, instant hypercube routing, proof-of-stake mechanics to validate new blocks, ability to configure network parameters by voting, and more.
STASIS is a revolutionary step towards combining the vast potential of the cryptocurrency market with the stability and reliability of traditional currencies. STASIS is backed up by a team of cryptocurrency pioneers, quantitative experts, serial entrepreneurs and financial professionals that provide the synergetic background to stable coin platforms.
About TON Swap
TON Swap operates liquidity pools represented by separate smart contracts. Unlike Ethereum contracts, Free TON contracts are distributed and benefit from the infinite sharding mechanism. As a result, transaction gas fees are several orders lower than average and do not depend on the network workload. Anyone who contributes to those pools with their liquidity are eligible to participate in the yield farming program by the Free TON DeFi Alliance.
Broxus, one of the leading developers of the FreeTON network, has announced that they have made key updates to TON Swap, the FreeTON-powered DEX. The most significant changes are centered around the platform’s farming offerings, which were given expanded parameters on Sept. 3 in conjunction with the sustained growth and increase in liquidity the platform […]
Last year, Free TON ran a contest that gained the network over 400 validators. The contest, dubbed “The Crystal Game” (homage to the Glass Bead Game) had validators compete in validation cycles recurrently in order to win the title of “Magister Ludi” as well as token prizes. This year, those same validators (in addition to […]
FreeTON DeFi Alliance has partnered with North American blockchain leader GDA Capital for the launch of the inaugural Next Top TON Startup. The annual event will allow blockchain startups to compete with each other, connect with global industry leaders and investors, and build the future of blockchain technology. The best teams and individuals in each track will win up […]
Together with its AMM-based decentralized exchange TONSwap and the FreeTON DeFi alliance, FreeTON is looking for the right set of companies for its new incubator program. Dubbed the “Crystal Handshake program,” FreeTON’s incubation program plans to provide these Ethereum-based startups with the ability to reach their desired level of liquidity that will help them realize […]
Here’s what data about the Free TON blockchain can be found on the tonscan.io browser site by the Broxus team Free TON Blockchain Explorer: Main Page The center of the TONScan.io page contains general information about Free TON in numbers. Head block — the value of the maximum block in the Free TON network for […]
A new decentralized exchange powered by Free TON’s infinite sharding mechanism helps retail traders radically increase their trading efficiency. “Pain and agony,” say Uniswap users looking at Ethereum gas prices. As a result of its tremendous growth over several months, decentralized exchanges on Ethereum are becoming significantly less viable for retail traders. To solve this […]
The Free Ton bridge is a second-layer solution that links the Ethereum blockchain with that of Free Ton. The bridge fulfills a key function in decentralized finance, giving users the opportunity of transferring their assets from a first-layer chain, where transactions are slow and costly, to a newer chain with better scaling capabilities and close […]
Free TON, a decentralized proof-of-stake blockchain powered by its community, and Frax, a fractional-algorithmic stablecoin protocol, announced a partnership to make decentralized finance more functional and affordable for everyone. The Frax team will deploy its protocol to the Free TON ecosystem so that its stablecoin, Frax, and governance token, FXS, can be minted natively on Free […]
PRESS RELEASE. The 15M TON Yield Farming program will take place on TON Swap (Free TON’s DEX powered by Broxus), except for the WTON-USDT pair which will be both hosted on Uniswap and TON Swap. On June 29 the first stage of farming begins. The second stage is expected to start by the end of the week. The rewards for liquidity providers will […]
Free TON, a decentralized proof of stake blockchain powered by its community and STASIS, a EU compliant EURS stablecoin project, partnered to make DeFi more functional and affordable for everyone. The STASIS team will be deploying their protocol to the Free TON ecosystem, so that their stablecoin EURS can be minted natively on Free TON. This […]