STON.fi Opens TON DeFi to Bitcoin and Ethereum

STON.fi, a major AMM protocol on The Open Network (TON), has introduced non-custodial DeFi access for Bitcoin (BTC) and Ethereum (ETH) within the TON ecosystem. These assets are represented as wrapped tokens: WETH and cbBTC (a Coinbase-issued, BTC-backed token), which are fully collateralized 1:1 and managed via smart contracts, allowing users to swap and provide liquidity without leaving TON. The integration, supported by STON.fi's liquidity aggregation protocol, Omniston, instantly expands DeFi strategies across hundreds of TON-based dApps. STON.fi's CEO, Slavik Baranov, stated the goal is to expand real utility by enabling active use of BTC and ETH within TON, strengthening the ecosystem's depth as TON evolves alongside Telegram.

(Source：BeInCrypto)