What is STON.fi?

In this article, I want to tell you about the STON.fi DEX. If you want to learn more about each section, follow the relevant links or look for articles in my profile.

What is STON.fi?

STON.fi is an AMM DEX exchange built on the TON blockchain.

What is a DEX?

DEX (Decentralized Exchange) is a decentralized exchange where users can trade cryptocurrency directly with each other without intermediaries like centralized exchanges (CEX). All operations are conducted via smart contracts on the blockchain.

Key benefits of DEX:

• When using a DEX, your tokens remain in your wallet, and you have full access to them.

• DEXs are not controlled by governments and operate independently.

What is an AMM DEX?

AMM DEX (Automated Market Maker Decentralized Exchange) is a decentralized exchange that operates based on automated market makers.
Instead of a classic order book like on centralized exchanges (CEX), AMM uses smart contracts and liquidity pools to execute trades. (Read more in the Liquidity Pools section).

Benefits of STON.fi 🚀

● Low Fees. STON.fi charges a 0.3% fee per transaction. Of this, 0.2% is returned to the liquidity pool and distributed among liquidity providers, while 0.1% goes to STON.fi.

● Minimal Slippage. STON.fi is the #1 DEX on TON in terms of liquidity, ensuring minimal slippage during trades.

● Built on the TON Blockchain. The platform leverages TON, one of the most advanced blockchains today, offering low fees and high TPS (transactions per second).

● Integration with Telegram. Trade directly from Telegram using the @STONfi_bot, seamlessly integrated with the messenger.

● Compatibility with TON Wallets. STON.fi supports all TON wallets, including TON Space.

● User-Friendly Interface. The platform features an intuitive and easy-to-navigate design.

Achievements 🏆

STON.fi’s TVL is $150,000,000 (DefiLlama), accounting for 50% of TON total TVL.

The all-time high TVL of STON.fi was $370,000,000!!!

According to CryptoRank and DappRadar, STON.fi ranked 5th among the most popular decentralized exchanges across all blockchains. Over the past month, more than 430,000 users have used the platform.

STON.fi has twice secured the top spot in the DYOR Dapps DEX ranking.

Problems of DeFi ⚠️

Lack of Cross-Chain Compatibility

The lack of compatibility between different blockchains complicates asset transfers across networks, limiting users’ access to new trading and investment opportunities.

Risk of Asset Loss

Transferring crypto assets between blockchains requires trusting third-party custodians or exchanges, which can be vulnerable to hacks and attacks. This puts funds at risk and may lead to financial losses.

High Costs and Delays

The process of converting crypto assets is often expensive and slow, adding further challenges for users.

STON.fi aims to address all these issues!

Goals of STON.fi 🎯

STON.fi mission is to make access to financial services simple and fair for everyone, regardless of their location. STON.fi aims to create a decentralized platform for cross-blockchain trading that provides a secure and reliable way to trade cryptocurrencies without restrictions imposed by banks or centralized exchanges.

STON.fi seeks to solve the problem of cross-blockchain swaps by implementing a Request for Quote (RFQ) protocol based on DeFi using Hashed Timelock Contracts (HTLC) to execute such trades. This solution eliminates the need for additional layers, intermediaries, or third parties. This approach minimizes user risks associated with security breaches and significantly speeds up transactions.

Let’s explore the features that are already available on STON.fi.

Token Swaps 🔄

You can swap tokens on the TON blockchain, allowing you to participate in numerous projects.

To swap tokens, go here.

Guide on how to swap tokens

Liquidity Pools 💧

Liquidity pools are reserves of tokens provided by users so that others can trade cryptocurrency on decentralized exchanges (DEX). Instead of searching for a buyer or seller, users simply exchange tokens with the pool, and liquidity providers earn fees for their contributions to these pools. This enables trading without centralized intermediaries.

To provide liquidity, go here.

Guid on how to Provide Liquidity on STON.fi
Everything About Providing Liquidity on STON.fi

Farming 🌱

Farming is designed to ensure that a specific liquidity pool has sufficient funds. This allows users to trade tokens in larger volumes without worrying about price impact.In farming, you can earn significantly higher rewards compared to just providing liquidity, which motivates liquidity providers to supply liquidity.

To add your assets to farming, you first need to provide liquidity to the corresponding pool with the Farm tag and then add this liquidity (LP tokens) to farming.

Guide on How to Farm on STON.fi
Everything About Farming on STON.fi

Staking 💎

Staking the STON token on STON.fi gives you voting rights in the DAO governance protocol. For staking, you will receive the ARKENSTON NFT and GEMSTON tokens, depending on the amount and duration of your STON tokens staked.Currently, the DAO governance protocol is under development.

Guide on How to Stake on STON.fi
Everything About Staking on STON.fi and How DAO Works on the DEX

Conclusion:

DeFi platforms are far from perfect and have their own challenges. STON.fi aims to address these and become the DEX of the future — a cross-chain DEX with zero trust, providing secure, fast, and transparent digital asset trading.

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STON.fi social networks:

Twitter - @ston_fi Telegram - @stonfidex Reddit - r/STONFi