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TONSWAP: Telegram DeFi Hub on TON (Complete Guide)
Trade, launch, and earn in Telegram with TONSWAP—DeFi on TON featuring CLMM swaps, perps, options, and on-chain risk control.
In October 2025, a flash crash wiped out $19 billion in leveraged positions within hours—exposing how fragile DeFi becomes when risk controls fail. TONSWAP’s answer? A fully on-chain risk engine that responds instantly, without human intervention. This isn’t just another DEX; it’s Telegram’s first mainstream DeFi super-app, built for up to one billion users.
TL;DR
- Mass adoption: DeFi directly in Telegram for up to 1B users
- Complete suite: CLMM DEX, Launchpad, Perps (100×), Options, LP Protection, Risk Engine
- TON blockchain: Sub-second finality, fees
≤ $0.01, throughput100,000+ TPS - $TS tokenomics: 100M supply (70M launch), deflationary buy-and-burn, 10% XOR integration
- SORA bridge: Cross-chain liquidity with SORA v3
- Play MeowFi: @tonswap_org_bot — earn points before launch
Why TONSWAP Matters
TONSWAP represents a paradigm shift: DeFi that feels like texting. No browser extensions, no steep learning curve—just open Telegram and trade.
The platform combines six major DeFi modules into one unified ecosystem—all powered by an autonomous on-chain risk engine built after October 2025’s $19B liquidation event.
For users: Swap, trade, launch, and earn without leaving Telegram.
For DeFi: Sophisticated tools accessible to anyone.
For TON: Infrastructure for mass crypto adoption.
First announced in 2024 as “the DEX for mass adoption”, TONSWAP has evolved into a complete DeFi hub expected to launch in Q1–Q2 2026.
| Feature | Description | Why It Matters |
|---|---|---|
| CLMM DEX | Concentrated liquidity with T3 stablecoin hub | Capital efficiency, minimal slippage |
| Launchpad | Permissionless token sales and instant listings | One-click token creation for communities |
| Perpetual Futures | Up to 100× leverage, on-chain liquidation | Advanced trading inside Telegram |
| Options & Derivatives | Shout, outperformance, and volatility perps | Wall Street tools, mobile UX |
| LP Protection | Parisian-style time-based IL insurance | Safety net for LPs |
| Risk Engine | Fully on-chain autonomous management | Instant market-response system |
Why TON?
TON offers the perfect base for mass-adopted DeFi: sub-second finality, negligible fees, and native Telegram integration. It meets users where they already are—no browser wallets, no friction.
| Metric | TON Performance | Impact on TONSWAP |
|---|---|---|
| Block Finality | ≤ 1 second | Near-instant confirmations |
| Fees | ≤ $0.01 | Affordable for micro-traders |
| Throughput | 100,000+ TPS (tested) | Scales to mass adoption |
| Integration | Native Telegram mini-apps & wallet | Seamless onboarding experience |
The TON blockchain, originally conceived by Telegram, bridges social media and crypto. Combined with Telegram Mini Apps, TONSWAP delivers smooth blockchain interactions directly in chat.
Core DeFi Features
The T3 Liquidity Hub
T3 is a composite stablecoin (USDT + USDC + SORA’s KUSD). Every pool routes through T3 for one or two-hop swaps (Token A → T3 → Token B).
Benefits:
- Unified liquidity backbone
- Minimal impermanent loss (volatility on one side only)
- CEX-level execution on-chain
- High capital efficiency via CLMM
TONSWAP uses Concentrated Liquidity Market Maker (CLMM) technology. LPs allocate capital to price ranges, with prices set by TWAP oracles. Contracts are written in TOLK for speed and safety.
Advanced Trading: Perpetuals & Options
Perpetual Futures: Up to 100× leverage, on-chain funding rates, transparent liquidation. Uses impact-weighted oracles to prevent manipulation.
Options & Derivatives: “Shout” options (lock early profits), outperformance contracts, volatility-linked perpetuals.
Settlement: Always in T3. Positions are Jettons/NFTs—composable and ownable.
Token Launchpad
Create tokens and run IDOs directly inside Telegram. When sales end, liquidity auto-seeds pools—instant tradability.
Formats:
- Fair price sales
- Bonding-curve launches
- Auctions
A viral referral system amplifies growth—one billion users, one billion tokens.
LP Safety: Parisian Range Protection
If pool price stays outside your range for 24+ hours, insurance triggers automatically. This protects LPs from prolonged price shocks without false positives.
The Risk Engine: Autonomous On-Chain Protection
In October 2025, a flash crash liquidated ~$19B across markets, revealing how slow manual risk control can be. TONSWAP solves this with its on-chain Risk Engine—a fully autonomous system that acts in seconds, not hours.
Risk Controller (RC): Calculates a Global Risk Index (GRI) with four postures:
- Green: Normal
- Yellow: Elevated risk
- Red: High risk (tightens limits)
- Black: Critical (pauses risky actions)
Control Mesh: Sends heartbeat updates adjusting:
- Trading fees
- Leverage caps
- Peg rates
- Gas vault allocation
- LP insurance parameters
Algorithms include Peg Control, Fee Allocation, Gas PI Controller, Perps LQR, and Insurance CVaR.
Two-Phase Authorization: Every high-risk action is pre-checked. The RC logs intent, evaluates exposure, and issues cryptographic authorization receipts.
Result: The system tightens leverage, raises fees, and stabilizes markets—instantly, on-chain, and without human input.
| Feature | Traditional DeFi | TONSWAP Risk Engine |
|---|---|---|
| Risk Detection | Off-chain keepers | Fully on-chain |
| Response Time | Minutes–hours | Seconds |
| Transparency | Limited | Full on-chain logic |
| Human Dependency | Manual | Autonomous |
| Risk Levels | Binary (on/off) | Four-tier (Green→Black) |
$TS Tokenomics: Deflationary by Design
$TS (Tonswap Token) powers TONSWAP’s economy with a strictly deflationary supply.
| Mechanism | Details | Purpose |
|---|---|---|
| Total Supply | 100M (70M launch, 30M incentives) | Fixed cap |
| Buy-Back-and-Burn | 0.3% swap fee buys & burns $TS | Continuous deflation |
| Daily Burn/Re-Mint | 90% re-minted, 10% burned forever | Net deflation |
| Distribution (of 90%) | 70% LPs · 10% DAO · 10% XOR buy-and-burn | Aligns with SORA |
| Governance | Community voting | DAO-controlled |
The buy-and-burn model creates positive feedback: more trading → more burns → greater scarcity. The XOR allocation links TONSWAP to the SORA ecosystem, fusing two economies.
Community & Governance
TONSWAP is community-driven from day one.
Referral Program: Tiered fee-sharing (3-level). Earn when friends trade.
Open Liquidity Mining: Any project can incentivize pools—fully permissionless.
DAO Governance: Open-source, audited, and immutable parameters.
Join the TONSWAP Telegram community.
MeowFi: Gamified Pre-Launch Experience
While TONSWAP finalizes, MeowFi builds community through gameplay. Play as Meowkoto, the samurai trader cat.
Features:
- Earn TSP (Tonswap Points)
- 5-level referral system
- Daily rewards & leaderboards
- Idle tax for inactive players
A fun on-ramp to DeFi, similar to other SORA mini-apps.
Start playing: @tonswap_org_bot
SORA Integration: Cross-Chain Synergy
TONSWAP connects to SORA v3 through a trust-minimized bridge.
- Bridge XOR, KUSD, and other SORA assets to TON
- Access Polkaswap liquidity
- Enable cross-chain DeFi without leaving Telegram
Economic link: 10% of re-minted $TS funds XOR buy-and-burn, directly connecting TON and SORA economies.
TONSWAP vs Traditional DEXs
| Feature | Traditional DEXs | TONSWAP |
|---|---|---|
| Access | Browser extensions | Telegram mini-app |
| Onboarding | Complex setup | As simple as texting |
| Risk Control | Off-chain, manual | Fully on-chain |
| User Base | Crypto natives | Up to 1B Telegram users |
| LP Protection | Rare | Parisian insurance |
| Launchpad | External | Integrated |
| Derivatives | Limited | Perps + Options |
| Fees | Variable | ≤ $0.01 on TON |
FAQs
When will TONSWAP launch?
Expected Q1–Q2 2026. In the meantime, play MeowFi (bot link) to earn points and test referrals.
What’s the total supply of $TS tokens?
100 million max. 70M at launch, 30M reserved for liquidity rewards. 10% of daily burns are permanent, ensuring continuous deflation.
How does TONSWAP differ from Polkaswap?
| Feature | TONSWAP (TON) | Polkaswap (SORA) |
|---|---|---|
| Interface | Telegram mini-app | Web DEX |
| Focus | Mass adoption | Cross-chain liquidity |
| Token | $TS (deflationary, buy-back) | $PSWAP (deflationary, remint) |
| Bridge | TON↔SORA | SORA↔Polkadot/Ethereum |
They complement each other through the SORA bridge.
How does the SORA bridge work?
Trust-minimized cryptographic proofs link TON and SORA. Move XOR, KUSD, and other assets without custodians. Bridge directly from TONSWAP—no extra UI. The bridge uses SORA v3 technology.
What makes the Risk Engine special?
It’s fully on-chain. When volatility rises (Green → Yellow → Red), it tightens leverage, raises fees, and protects LPs automatically—in seconds.
Is $TS deflationary?
Yes. 10% of burned tokens stay burned forever. The rest re-mint to LPs, DAO, and XOR burn, ensuring net deflation daily.
What are the risks?
Smart contract bugs, bridge exploits, market volatility, and evolving regulations. TONSWAP mitigates many but not all risks. Use caution and diversify.
Can I use TONSWAP entirely inside Telegram?
Yes. It’s a Telegram mini-app—no wallet extensions or websites required.
Conclusion: DeFi for the Masses
TONSWAP merges DeFi power with chat simplicity.
A unified Telegram app delivering swaps, perps, launchpad, LP protection, and autonomous risk control.
The 2025 crash exposed DeFi’s weaknesses; TONSWAP encodes the solution.
With TON’s speed, Telegram’s reach, and SORA’s bridge, it could onboard the next billion users.
Explore the SORA ecosystem and watch TONSWAP reshape DeFi accessibility.
📚 Further Reading
Official Resources
Related Soranauts Articles
Join the community, play MeowFi, and get ready—DeFi on Telegram starts here. 🚀