Crouton Finance: How Chainstack empowers TON DeFi pioneers

Petar Stoykov

October 1, 2024 in Customer stories

Chainstack’s infrastructure has proven to be a solid foundation for our DeFi solutions on TON. Their support and reliability allow us to focus on what we do best—developing exceptional financial products that advance the ecosystem and serve our community.
The Crouton Finance Team

In the sprawling decentralized finance landscape of TON, we embarked on a remarkable journey with Crouton Finance—a formidable player advancing DeFi infrastructure innovation. Acting as a lynchpin, Crouton Finance introduces a high-performing decentralized exchange and a versatile synthetic assets protocol.

As developers yourself, you’re familiar with the pain points of inefficient trade mechanisms and the challenges that synthetic assets pose. Crouton Finance addresses this by offering a cutting-edge decentralized exchange platform and a unique synthetic assets protocol on the TON blockchain—all backed by robust, scalable, and dependable Chainstack infrastructure.

Let’s explore the details of our journey with Crouton Finance!

How Crouton Finance started with Chainstack

From our first discussions with Crouton Finance, their ambition was clear: they envisioned revolutionizing the TON DeFi landscape through an efficient DEX and a unique synthetic assets protocol. To achieve this, they were on the lookout for a strategic infrastructure partner who could provide reliable, high-performance RPC services capable of managing the demands of their DEX and synthetic assets offerings.

It was immediately evident that Chainstack could meet these requirements head-on. We offered Crouton Finance not just a dependable RPC provider, but an ally committed to supporting their goals of advanced DeFi solutions on TON.

The initial pain points of Crouton Finance revolved around high price impacts witnessed on trades through other DEX platforms such as StonFi or DeDust, and a lack of robust infrastructure to support synthetic assets effectively. They needed a partner who could deliver high-frequency, low-latency trading, and seamless interactions with the TON Network—exactly where we came in.

Our high-performance RPC services met their demands for robust uptime and low-latency transactions and our seamless integration with the TON ecosystem offered support for both real-time and historic data queries.

From the word go, our partnership with Crouton Finance was built on shared visions and mutual dedication. With our services facilitating real-time, low-latency interactions with the TON blockchain, Crouton Finance was able to focus on delivering its innovative trading and synthetic assets offerings on TON.

What is Crouton Finance?

Crouton Finance, in essence, serves as a pivotal DeFi cornerstone within the TON landscape. At Chainstack, we’ve had the privilege of glimpsing the transformative work they’ve spearheaded firsthand. Their acute focus on crafting a powerful decentralized exchange coupled with a sophisticated synthetic assets protocol has been nothing short of inspiring. Their goal? To fuel the area of crypto asset trading with heightened effectiveness.

The inception of Crouton Finance has been marked by a clear yet grand vision—sketching a financial ecosystem on the TON blockchain that presents its traders with enticing, seamless opportunities. The feathers in their cap extend from facilitating competent stablecoin and volatile assets trading with minimum price impact—a rarity in conventional AMM DEXs—to aiding the issuance of synthetic assets, such as BTC and USD, on the TON Network.

Remember those instances where swapping 1000 TON to stTON via StonFi or DeDust resulted in substantial price impact? That’s precisely what Crouton Finance has set out to rectify—with their optimized AMM formula, reminiscent of Curve.fi’s strategy, they’ve considerably reduced trading friction.

So, what exactly does Crouton Finance offer to TON traders? Three key things:

Trading efficiency: Traders can engage with stablecoins and volatile assets through the platform, experiencing extremely low price impacts compared to traditional AMM DEXs. This efficiency is game-changing for traders who no longer have to worry about high price impacts that eat into trading profits.
Synthetic asset trading: In addition to the trading of stablecoins, traders can also issue and trade synthetic assets like BTC and USD, as well as other derivatives on the TON blockchain. This ability to access non-native assets on TON broadens the horizons of what’s possible within the ecosystem.
High Annual Percentage Rates (APRs): Traders have the chance to maximize their returns through Crouton Finance’s high APR offerings. This feature stands as a testament to Crouton’s commitment to rewarding its user base.

Why does this matter? For traders, every transaction matters. Even minor price impacts can stack up to significant losses. By tackling this issue head-on, Crouton is filling a significant gap in the TON DeFi ecosystem. Not only does their optimized AMM formula address this, but they’re also expanding the ecosystem by bringing synthetic BTC, ETH, and other non-native assets, enhancing its overall offering and appeal.

Simply put, through a combination of its synthetic assets protocol, refined tokenomics, and an efficient AMM model, Crouton Finance offers attractive opportunities for traders, liquidity providers, token holders, and indeed, the entire TON ecosystem.

And given the impressive quality of their solutions, we couldn’t resist the opportunity to support Crouton Finance in its mission, thus beginning our journey as partners in this dynamic space.

Partnering with Crouton Finance has been a thrilling journey for us at Chainstack. Their innovative approach to DeFi on TON pushes the boundaries of what’s possible, and we’re proud our infrastructure supports their vision for a seamless, high-performance crypto trading experience.
Eugene Aseev, CTO & Co-Founder, Chainstack

Bringing it all together

At Chainstack, we understand the challenges faced by Web3 projects such as Crouton Finance, particularly in the decentralized finance realm. Focusing on these, we offer solutions tailored to ensure our partners’ success.

Our collaboration with Crouton Finance is a shining example of that commitment. By providing them with infrastructure that ensures robust uptime, low latency, and reliable handling of complex transactions, Crouton Finance has been able to leverage their innovative TON trading and synthetic assets protocol.

Crucially, this pair-up has provided traders with a smoother trading experience and access to synthetic assets like BTC, USD, and other derivatives on the TON Network. As such, traders can enjoy efficient trades and be rewarded with high APRs for their efforts—a win for them and the TON DeFi community.

In the vast and rapidly evolving DeFi landscape, collaborations like ours with Crouton Finance excite us. We are proud to play our part in their journey, supporting their mission of revolutionizing TON’s DeFi infrastructure.

Remember, as a Web3 developer or DeFi enthusiast, having the right infrastructure in place is the foundation you need for success. And we, at Chainstack, are ready to provide the support and solutions you need to make your DeFi journey an impactful one.

Get started building on TON with Chainstack today!