Imagine this! You’re using Telegram to message your Web3 buddies the newest meme you created. They laugh about it and ask you to post it on X. You just realized you still owe them 0.69 TON for the NFT they picked up for you. Now with the help of LayerPixel, a DeFi solution based on TON, you don’t even have to exit the application to send it to them. Welcome to the Telegram Mini DApps world which aims to put DeFi into everyone’s pocket.
Seed Funding and Its Impact
LayerPixel recently secured $2 million in seed funding, marking a crucial milestone for the platform’s growth. The funding round was led by Kenetic Capital, with participation from notable investors like Waterdrip Capital, VentureSouq, and Foresight Ventures.
This financial boost will enable LayerPixel to accelerate the development of its core products, including PixelSwap, PixelWallet, and Pixacle while expanding its reach within the TON blockchain ecosystem. With backing from prominent industry players, LayerPixel is well-positioned to enhance its DeFi offerings, attract more developers to the platform, and drive innovation in decentralized finance on Telegram Mini Apps.
This investment also signifies increased confidence in the project’s potential to revolutionize Web3 integration on Telegram.
LayerPixel’s Vision and Mission
LayerPixel’s vision is to make decentralized finance (DeFi) accessible and seamless for Telegram Mini App developers by offering a comprehensive suite of tools tailored to their needs. The platform is designed to simplify the integration of DeFi features, enabling developers to easily incorporate secure wallets, decentralized exchanges (DEXs), and oracle services into their applications.
By providing these essential building blocks, LayerPixel aims to empower developers to unlock the potential of the TON blockchain and contribute to a more decentralized digital ecosystem. LayerPixel is committed to fostering innovation, transparency, and accessibility while promoting the growth of the developer community.
Its mission is to drive widespread adoption of DeFi within Telegram, bridging the gap between Web3 technology and everyday users through intuitive, developer-friendly solutions.
Key Products of LayerPixel
LayerPixel’s core offerings are designed to supercharge DeFi on the TON blockchain, providing developers and users with a suite of tools that enable seamless interaction with decentralized finance. The platform’s three main products – PixelWallet, PixelSwap, and Pixacle – are integral to empowering developers of Telegram Mini Apps and driving adoption in the TON ecosystem.
PixelWallet: Simplifying DeFi for Users
PixelWallet is a smart contract wallet built with Account Abstraction (AA), allowing users to interact with decentralized applications (dApps) and manage their digital assets with ease. The wallet’s user-friendly interface abstracts the complexities of blockchain management, making it accessible to both novice and experienced users.
Key features of PixelWallet include:
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Virtual Assets Management: The wallet acts as a virtual account abstraction layer, with the actual assets stored securely in the Settlement Layer.
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Assets Approval: Users can authorize smart contracts to access their assets, ensuring secure and flexible interactions within the LayerPixel ecosystem.
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Gasless Transactions: PixelWallet allows third-party agreements to cover transaction gas costs, enabling gasless interactions for users.
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Atomic Swaps: The wallet supports atomic swaps, ensuring the integrity and security of transactions.
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Multi-Login Methods: On the roadmap to support various login methods, including passkeys and MetaMask integration.
PixelSwap: The First Weighted-Pool DEX on TON
PixelSwap is the first modular and upgradeable decentralized exchange (DEX) on the TON blockchain, offering advanced trading models to enhance liquidity and user experience. Designed to support a wide range of trading strategies, PixelSwap leverages a unique weighted-pool feature that allows users to contribute assets of varying weights to liquidity pools.
Key features of PixelSwap include:
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TON/Jetton and Jetton/Jetton Pools: Facilitates asset swaps between TON and Jetton tokens, as well as between different Jetton tokens.
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Weighted Pools: The weighted pool feature enables more flexible liquidity management, allowing for deeper trading and improved spreads.
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Liquidity Bootstrapping Pools (LBP): Supports dynamic token distribution during Initial DEX Offerings (IDOs), ensuring a balanced and fair process.
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Atomic Multi-Hop Swap Routing: Allows for complex routing paths with predetermined slippage, ensuring optimal trade execution.
Pixacle: The Oracle for TON Blockchain
Pixacle is a lightweight oracle solution designed to deliver fast and accurate price data to dApps and smart contracts within the LayerPixel ecosystem. By directly integrating with PixelSwap, Pixacle ensures that the price data is continuously updated and highly reliable, making it a key component for developers building DeFi solutions on TON.
Key features of Pixacle include:
- Accurate Quotes: Pixacle automatically updates prices based on trades happening on PixelSwap, providing real-time, reliable financial data.
- Lightweight Integration: Developers can easily integrate Pixacle’s data by calling smart contracts directly, ensuring that their dApps have access to crucial market information without heavy infrastructure.
Together, these products form the backbone of LayerPixel’s DeFi solution, driving innovation and accessibility in the TON blockchain ecosystem.
Modular Architecture: Overcoming TON’s Limitations
LayerPixel’s innovative modular architecture is designed to address the asynchronous limitations of the TON blockchain while maximizing the benefits of its sharding technology. By dividing the system into distinct layers—Settlement, Funding, Execution, and Extension—LayerPixel ensures that each component operates independently and efficiently, allowing for a more scalable and flexible DeFi ecosystem.
- The Settlement Layer acts as the secure vault for funds, managing atomic swaps and ensuring transaction integrity.
- The Funding Layer focuses on virtual account abstraction, offering flexible asset management and token approval mechanisms.
- The Execution Layer powers a range of trading engines, including Automated Market Makers (AMMs), weighted pools, and Liquidity Bootstrapping Pools (LBPs), optimizing trade execution while handling asynchronous transaction processing.
- The Extension Layer allows third-party modules, such as Anti-Money Laundering (AML) tools, to be integrated seamlessly, enhancing compliance and security without disrupting the core system.
This modular approach enhances security, performance, and customizability, ensuring that LayerPixel can adapt to the growing demands of Telegram Mini Apps and the broader TON ecosystem.
Benefits of LayerPixel’s Modular Design
LayerPixel’s modular design brings significant advantages to developers and users by enhancing security, flexibility, and performance within the TON ecosystem. Each layer operates independently, allowing for targeted optimizations without disrupting the entire system.
The Settlement Layer ensures robust security for asset storage and transaction integrity, while the Execution Layer improves the scalability of trading engines like AMM and weighted pools, allowing for faster, more efficient transactions.
This structure also offers customizability, enabling developers to extend functionality with third-party modules, such as compliance tools or new trading features, without altering the core system. Ultimately, the modular approach enables a streamlined and scalable DeFi platform that can adapt to the evolving needs of Telegram Mini Apps and the TON blockchain.
Fostering a Developer Community
LayerPixel is deeply committed to building and nurturing a thriving developer community on the TON blockchain. By offering comprehensive resources, educational materials, and seamless API and SDK integration, LayerPixel aims to lower the barriers for developers to integrate DeFi solutions into Telegram Mini Apps.
The platform provides support through documentation, developer chats, and technical guidance, ensuring that developers can efficiently build and deploy decentralized applications.
Additionally, LayerPixel actively encourages collaboration within its ecosystem by hosting developer events, workshops, and hackathons, fostering innovation and creativity. The goal is to create a supportive environment where developers can share knowledge, grow their skills, and contribute to the broader TON ecosystem.
By empowering developers with the right tools and community engagement, LayerPixel is driving the next wave of DeFi innovation on TON.
Conclusion
LayerPixel is at the forefront of bringing DeFi to the TON blockchain, offering developers and users powerful tools like PixelWallet, PixelSwap, and Pixacle to seamlessly integrate decentralized finance into Telegram Mini Apps. With a strong focus on innovation, security, and community-building, LayerPixel is well-positioned to drive the future of Web3 on TON. As the platform continues to evolve, it aims to foster a more inclusive and accessible DeFi ecosystem. Developers, investors, and enthusiasts are invited to join LayerPixel in shaping the next wave of decentralized finance.