STASIS and Free TON DeFi Alliance Work Together to Promote the Development of the Free TON DeFi Ecosystem – Sponsored Bitcoin News

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Free TON, a decentralized proof-of-stake blockchain operated by its community, and STASIS, an EU-compliant EURS stablecoin project, have teamed up to make DeFi more functional and affordable for everyone.

The STASIS team will provide their log in the Free TON ecosystem so that their stablecoin EURS can be minted natively on Free TON.

This partnership will be implemented in two phases:

  1. Agriculture: Addition of the EURS-WTON pair to the native Free TON DEX – TonSwap.io, developed by Broxus, a multi-level turnkey platform for crypto exchanges, e-commerce, trading platforms. Users are granted solid TON rewards that add liquidity to this pool.
  2. EURS provisioning on Free TON: Porting the EURS smart contract to Free TON so that users can receive EURS on Free TON natively in exchange for their EUR.

The partnership will enable users of both the Free TON and STASIS EURS ecosystems to access highly scalable, stable and on-chain money with low transaction costs and high TPS.

“I am excited to see such amazing projects as STASIS join the FreeTON community. Together we will take the Free TON DeFi ecosystem to a new level! – says Vladislav Ponomarev, Broxus CEO.

“We are excited to be working with Free TON, the fastest blockchain that allows anyone to easily step into the DeFI ecosystem,” says Gregory Klumov, founder of STASIS.

About free TON

FREE SOUND is a fast, secure and scalable blockchain that can and is process millions of transactions per second on a missiono Promote the widespread adoption of decentralized solutions by millions of users. Free TON’s unique features include an infinite sharding paradigm, instant hypercube routing, proof-of-stake mechanisms to validate new blocks, the ability to configure network parameters through voting, and more.

About STASIS

STASIS is a revolutionary step to combine the enormous potential of the cryptocurrency market with the stability and reliability of traditional currencies. STASIS is supported by a team of cryptocurrency pioneers, quantitative experts, serial entrepreneurs and financial experts who provide the synergetic background for stable coin platforms.

About TON Swap

TON swap operates liquidity pools that are represented by separate smart contracts. Unlike Ethereum contracts, Free TON contracts are distributed and benefit from the infinite sharding mechanism. As a result, the transaction fees for gas are several orders below the average and are independent of the network load. Anyone who contributes to these pools with their liquidity is entitled to participate in the yield farming program of the Free TON DeFi Alliance.

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