Bidask is Сoncentrated Liquidity Market Maker built on TON and written in FunС. It is a novel system optimized for the complexities presented by The Open Network (TON).
Since the advent of blockchain technology, Decentralized Exchanges (DEXes) have undergone significant evolution, with innovations like Uniswap v3 introducing Concentrated Liquidity Market Maker (CLMM) models. These advancements address the capital inefficiencies that were prevalent in previous iterations, like Uniswap v2.
Unique challenges such as the lack of atomic transactions in the TON environment compelled us to devise a distributed system of smart contracts to manage liquidity efficiently. Our strategy integrates innovative solutions to these technical challenges, maintaining the liquidity concentration benefits of Uniswap v3 while enhancing them to fully leverage TON’s capabilities.
