Bidask Protocol — DLMM DEX on TON

💱 Following cbBTC: The WETH-USDT Pool is Live! TON ecosystem continues to attract the giants. Following the recent listing of cbBTC, the WETH-USDT pool has officially launched on Bidask. ⚠️ What is wETH? It is a tokenized version of ETH on the TON network. Each wETH token is backed by real ETH at a 1:1 ratio. You get the full value and utility of Ethereum while leveraging all the advantages of the TON blockchain. Why wETH on TON is a game-changer: 1️⃣ Same Value, Better Experience: You hold real ETH but transact within TON's lightning-fast infrastructure. Forget about the high gas fees of the Ethereum mainnet. 2⃣ DeFi Ready: Use your wETH in Bidask liquidity pools to put your Ether to work and earn passive income through trading fees. Your TON portfolio is becoming increasingly versatile. Head over to Bidask, add liquidity to the WETH-USDT pool, and start farming with the technology of the future! https://bidask.finance/en/app/pools/0:af3e47a627b238f0f6b523017a20060863c29d36a8908999eb9d199c6893d23b Community chat | DEX | X | EN Channel | CIS Channel | Website

💱 The Main Risks of wETH When you hold wETH on TON, you are not holding the ETH itself directly, but rather its "representation." So, where is the risk here? 🔘 Real ETH is located on a network supported by the Ethereum Foundation ecosystem. 🔘 For you to be able to use ETH on TON, the real ETH is locked in a special infrastructure, and you are issued wETH at a 1:1 ratio on TON. Now — here is exactly where the risk lies. 1️⃣ Custody Risk Real ETH does not sit in your wallet. It is held by the infrastructure that manages the issuance of wETH. If something happens to this custody, your wETH could temporarily or permanently lose the ability to be exchanged for real ETH. 2️⃣ Bridge Risk To convert wETH back to ETH, a cross-chain bridge is used. If: - the bridge halts - the bridge is hacked - a vulnerability is found in the smart contract you physically will not be able to "unwrap" your wETH back into ETH. The price might remain 1:1 on the chart, but liquidity and withdrawals are compromised. 3️⃣ Smart Contract Risk Minting and burning wETH is purely code. Any logic error can lead to a freeze of funds or a halt in operations, even if the blockchain itself is working perfectly. 4️⃣ The Most Common Myth The risk of wETH is not the risk of Ethereum itself, nor is it the risk of the ETH price — it is the risk of the infrastructure between the networks. When you hold regular ETH on its native network, you depend only on the blockchain. When you hold wETH, you depend on: — the custodian (storage) — the bridge — the minting smart contracts wETH has the same price as ETH, but it comes with an added layer of technical and infrastructure risk. This is the exact risk you take on in exchange for: fast transactions, low fees, and convenient DeFi within TON ecosystem. Community chat | DEX | X | EN Channel | CIS Channel | Website

💱 Should you hold assets from other chains in your TON portfolio—even when they look "weak"? When your portfolio consists 100% of native TON assets, you are entirely dependent on the health of a single ecosystem. This is a "one-horse bet." What are the benefits of adding cross-chain assets (via wrapped formats, bridges, and pools)? 🔘 True Diversification By adding $WETH or $cbBTC, you are betting on the entire global crypto market. This is your insurance policy in case the local trend in one specific network slows down. 🔘 The Psychology of a "Weak" Market Most often, assets from other chains (like Ethereum) are added to a portfolio precisely when they look "weak." But the market is cyclical: - It is during these periods that points of interest are formed. - Liquidity begins to flow quietly between networks. - The market prepares for the next cycle. The bottom line is simple: Holding only TON assets is a bet on one ecosystem. Holding a portion of cross-chain assets is a bet on the growth of the entire industry. Leveraging the power of global assets within TON-DeFi is easiest through the pools and tools on Bidask Protocol. Stay flexible, think global! 🚀 Community chat | DEX | X | EN Channel | CIS Channel | Website