Bidask DEX: Liquidity on TON

A regular liquidity pool spreads your money across every price at once, and most of it sits idle. Bidask does it differently: you pick the price range where your capital works. It is a decentralized exchange built specifically for the TON network. 📈

It opens as a mini app in Telegram.

What CLMM means

The abbreviation stands for concentrated liquidity market making. The idea: you deposit tokens not across the full price range but over a narrow slice. While the price stays inside that range, your capital takes part in trades and earns fees.

When the price leaves the range, earning stops and you have to decide what to do. That is the central trade-off of the whole system.

What is inside Bidask

The project positions itself as an exchange designed for speed and scalability on TON. A liquidity provider gets a set of tools:

• Custom liquidity shape: you spread tokens across price bins in a single transaction.
• Ready-made templates: such as spot, curve and bid-ask.
• Automatic fee reinvestment: earnings go back into the position.
• Partial trade execution: a large swap does not have to go through in full.
• Safe mode: protection against sharp price jumps.
• Flexible pools: you can create a pool, including stablecoin pairs and meme tokens.

Who actually needs this

This format is aimed first of all at people who already understand why they would provide liquidity and are ready to watch their position. A regular user can just swap one token for another at the current rate.

To swap, connect a TON wallet, choose a pair and confirm the trade.

The main risk: impermanent loss

When you provide liquidity, token prices move and the pool rebalances proportions. You can end up with less than if you had simply held the coins. That is called impermanent loss, and it is stronger in a narrow range. ⚠️

Add smart-contract bug risk and thin liquidity in some pairs. Meme tokens can lose value within hours, and getting money out of such a pool can be hard.

A sensible approach

1. Start by swapping a small amount to learn the interface.
2. Before providing liquidity, read the project's documentation and how ranges work.
3. Choose a wide range and stable pairs while experience is low.
4. Check token addresses through official sources to avoid fakes.
5. Do not deposit money you cannot afford to lose.

A simple range example

Say you deposit a pair of tokens and pick a price range around the current rate. While the rate moves inside it, each swap in that range earns you a share of the fee. If the rate jumps sharply up or down, your position turns almost fully into one of the two tokens.

So the range needs revisiting from time to time. The narrower it is, the more often you must watch the price. If you have little time, a wider range with lower returns is the better fit. 🧮

What to remember

Quoted yield percentages always refer to a past period and a specific pool. They guarantee nothing for the future and change a lot.

Work only through a link from the project's official channel and never share your seed phrase. 🔒