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An interesting update was recently released in the Omniston liquidity aggregator on STONfi. Escrow exchanges are essentially a new way to perform token-to-token swaps, bypassing standard liquidity pools. The first example was xStocks from Backed Finance, which can now be exchanged directly through escrow contracts.
The mechanics are as follows: the transaction is conducted entirely through a smart contract, without the need to know the other party. The price is determined using resolvers, but the assets remain under the control of the users. If the conditions are not met, the exchange simply does not take place. This simplifies the process and increases the reliability of transactions.
For me, this is interesting for several reasons. First, it provides access to OTC liquidity directly within $TON , which actually means much more than it might seem at first glance; in some cases, you can get a better price than in AMM pools. Second, there is no need to build complex routes between different pools; everything is done with a single swap. And importantly, everything remains decentralized and non-custodial, as it should be in the practical understanding of DeFi.
Omniston with escrow swaps has become another tool for me that shows how $TON is evolving: new assets, different exchange models, and transparent execution mechanisms. From a user's point of view, it feels like a convenient and secure integration of new DeFi capabilities without unnecessary complications.