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  • Welcome To Tonify
  • ⭐Getting Started
    • How Does Tonify Work
      • Messaging Protocols
        • ZK implementation on Ton
        • ZK implementation on ETH
      • Core Functions
        • Signatures Standards
        • Ethereum
    • Applications
  • ⛪Architecture
    • Tech Stack Involved
      • Core Guide
    • Fowchart
  • 🕸️External Links
    • Pitch Deck
    • Website
  • 🫳OFFICIAL SUPPORT
    • Telegram
  • 💥Road Map
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  1. Getting Started

How Does Tonify Work

PreviousWelcome To TonifyNextMessaging Protocols

Last updated 4 months ago

Tonify introduces a groundbreaking approach to cross-chain stablecoin transfers, eliminating the traditional wrapping mechanism through an innovative liquidity pool system. In detail, when the user sends tokens via the Tonify , the following happens:

  • Bridge exchanges incoming tokens into their dollar value in the token pool for this particular token

  • This value is sent via the underlying messaging protocol to the destination chain

  • The bridge contract on the destination chain swaps dollar value to the tokens from the liquidity pool and sends them to the recipient

Key Advantages

  • Instant cross-chain transfers

  • No token wrapping required

  • Native stablecoin settlements

  • Competitive fees

  1. Token Reception

    • User deposits stablecoins (USDT) into source chain pool

    • Smart contract validates the deposit

    • Dollar value is locked in the pool

  2. Cross-Chain Message Transmission

    • Dollar value information is encoded

    • Message is transmitted via secure messaging protocol

    • Destination chain receives validated message

  3. Destination Chain Settlement

    • Equivalent value retrieved from destination pool

    • User receives native tokens directly

    • No unwrapping or claiming required

⭐
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