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STON.fi Opens TON DeFi to Bitcoin and Ethereum

🤖 GG AI Summary

STON.fi has integrated wrapped Bitcoin (cbBTC) and Ethereum (WETH) into The Open Network's DeFi ecosystem, allowing users to swap and provide liquidity with these major assets in a non-custodial manner. This development enhances TON's DeFi utility by enabling broader use of BTC and ETH within decentralized applications and liquidity pools, boosting ecosystem depth and interoperability. The move leverages TON's integration with Telegram, potentially expanding access to these assets for millions of users.

Sentiment: 85% Bullish

STON.fi, one of the leading AMM protocols on The Open Network (TON), announced that TON-native representations of Bitcoin (BTC) and Ethereum (ETH) are now available within the ecosystem in a fully non-custodial DeFi format. The integration gives TON users direct access to the two largest crypto assets, including the ability to swap them and provide liquidity, while maintaining full control over their funds. BTC and ETH are represented on TON as wrapped assets issued in TON-native format, each fully backed 1:1 by the underlying tokens and managed through smart contracts. Ethereum is available as wrapped ETH (WETH), while Bitcoin is accessible via cbBTC, a Bitcoin-backed token issued by Coinbase and fully collateralized with BTC on a one-to-one basis. This structure allows both assets to be used across decentralized applications within TON ecosystem without interacting directly with their native blockchains. Through STON.fi, users can deploy WETH and cbBTC across TON DeFi, including swapping and providing liquidity via WETH/USDt and cbBTC/USDt pools. At the same time, Omniston, STON.fi’s liquidity aggregation protocol, enables swaps to WETH and cbBTC from any TON-native token, routing liquidity across the ecosystem. Applications integrated with Omniston instantly gain access to WETH and cbBTC liquidity, enabling swaps across hundreds of TON-based dApps without additional integrations and expanding the range of available DeFi strategies within the ecosystem. “Bringing BTC and ETH into TON DeFi is about expanding real utility, not just asset coverage,” said Slavik Baranov, CEO of STON.fi Dev. “This launch enables users to actively use Bitcoin and Ethereum inside TON ecosystem rather than holding them passively. By making these assets usable in TON-native DeFi, we’re strengthening the overall depth of the ecosystem.” As TON continues to develop as a blockchain closely integrated with Telegram — a messenger used daily by hundreds of millions of people — access to major...

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