DWF Labs Invests in Bidask Protocol to Enhance Trading on TON
Dubai, UAE, February 12th, 2025, Chainwire
Bidask Protocol is pleased to announce that DWF Labs, a leading Web3 investor and market maker, has invested in the project and entered into a strategic partnership aimed at enhancing the decentralized finance (DeFi) ecosystem on the TON blockchain.
This partnership underscores DWF Labs’s confidence in Bidask Protocol’s vision of improving the trading experience on TON. With its innovative approach to liquidity provision and advanced trading mechanisms,.Bidask is poised to substantially enhance trading activity speed while introducing users to advanced trading features, including on-chain limit orders and customizable liquidity provision.
For Bidask Protocol, this collaboration represents not only a significant financial investment but also an opportunity to integrate DWF Labs as a potential market maker on the platform. Such integration could significantly boost liquidity and provide users with smoother trading experiences.
“Our partnership with DWF Labs opens up new horizons for us. As a technical team, we can fully focus on product development, confident that our efforts are supported by market-making industry leader. This collaboration is an important step towards achieving our strategic goals.” — Bazrov Stepan, СТО, Bidask
DWF Labs’ expertise and resources will be invaluable as we work towards building a cutting-edge DeFi platform on TON together, aiming to deliver a unique and revolutionary solution that sets new standards in the industry. A standout innovation in Bidask v2 is its entirely novel smart contract architecture tailored specifically for the TON ecosystem. This architecture is designed to minimize blockchain network load while significantly increasing the protocol’s throughput capacity, thereby offering a more efficient and scalable trading experience.
DWF Labs’ involvement highlights their commitment to fostering innovation within the TON ecosystem. Through this partnership, Bidask Protocol is poised to accelerate its development and bring advanced trading tools to users worldwide.
Key Highlights of the Partnership
– Investment and Strategic Collaboration: DWF Labs has invested in Bidask Protocol to support its growth and development.
– Potential Market Making: DWF Labs may serve as a market maker on the platform, contributing to increased liquidity and better trading conditions.
– Focus on Professional Trading: Bidask Protocol is committed to delivering tools and features tailored for professional traders, including improved speed, pool throughput, and advanced position management.
– Ecosystem Development: The partnership aims to strengthen the DeFi ecosystem on TON by supporting early-stage projects, providing grants, and offering advisory services.
About Bidask Protocol
Bidask Protocol – decentralized exchange with concentrated liquidity on the TON blockchain. It introduces unique features such as custom liquidity shapes, partial execution, and advanced position management tools, designed to maximize profits while minimizing risks for users.
About DWF Labs
DWF Labs is the new generation Web3 investor and market maker, one of the world’s largest high-frequency cryptocurrency trading entities, which trades spot and derivatives markets on over 60 top exchanges.
