Hello crypto family, I have to tell you all about STON.fi, a DEX that's been a lifesaver for my trading.
You know how it is with decentralized exchanges, sometimes slippage can eat away at your profits. But STON.fi, with its fancy AMM model (don't worry, it's just a way to match buyers and sellers automatically), has been a game-changer.
Seriously, swapping, trading, even adding liquidity to pools – it's all so much smoother on STON.fi. No more nasty surprises from slippage messing up my trades.
This DEX has become my go-to platform. It's not just about trading different tokens (although they have a great selection), it's the whole experience. STON.fi makes me feel secure and in control, and that's what every crypto trader needs.
What Exactly is Slippage?
Slippage refers to the difference between the price you expect to pay or receive for an asset in a trade and the actual price you get. This can happen due to high volatility in the market, which means the price of the asset is fluctuating rapidly.
How does Ston.fi minimize slippage?
Ston.fi is a decentralized exchange (DEX) that offers features to help minimize slippage for traders. One key feature is slippage tolerance. With slippage tolerance, you can set the maximum and minimum acceptable price for your trade. This helps to ensure that your trade only executes if the price falls within your specified range.
I've been using STON.fi for a while now, and I'm always impressed by the new features they're adding. Recently, I discovered something really cool that I wanted to share.”
One of the coolest features I found is the price tolerance limit. This is a game-changer for anyone who trades on DEXs, especially with volatile assets.
Here's how it works: When you go to swap tokens on STON.fi, you can set a price tolerance limit. This basically tells the DEX how much the price of an asset can fluctuate before your trade goes through. You can choose from 0.5%, 1% or 2%.
I'm Sure You Are wondering how to go about this( no worries), here's a step to step guide on how to go about it.
1.Click on the STON.fi DEX Link
2.Click on the icon at the top right corner of the image below
3.Here you can see the different price limit ranging from 0.5%, 1% and 2%, choose the one that best suits you.
Why is this such a big deal?
Let's say you're trying to swap a token that's really volatile. With a price tolerance limit, you can ensure that your trade only goes through if the price stays within a certain range. This helps you avoid getting stuck with a bad trade if the price suddenly spikes or dips.
STON.fi also lets you customize your tolerance limit to a higher percentage, but they warn against it. They say it could lead to a total loss of funds without a refund. I'm happy to stick with the built-in options for now, but it's nice to have the flexibility.
My Thoughts
Overall, I'm really happy with STON.fi. The price tolerance limit feature is a great addition that gives users more control over their trades. If you're looking for a DEX that puts users first, STON.fi is definitely worth checking out!
✍️HELPFUL RESOURCES:
➡️STON.fi DEX Data on DeFi Llama: See how much value is locked in STON.fi, a leading decentralized exchange (DEX) on the TON network. Currently, STON.fi boasts a TVL (Total Value Locked) of around $119M. Check out the details on DefiLlama
➡️TON Stat: This website provides in-depth data on the TON network’s performance, including total transactions, fees, and overall health. Dive into the network’s activity and gain valuable insights on TON Statistics.
➡️STON.fi Market on Dexscreener: Track STON.fi’s liquidity pools and supported trading pairs on Dexscreener. This can provide valuable information for traders interested in using STON.fi for their TON transactions. Check out STON.fi on Dexscreener.
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