In this article, we will analyze the “STON.fi Iceberg,” where the part of the iceberg above water symbolizes what has already been accomplished by STON.fi, and the part below water represents the exchange’s future achievements.
GOAL: To highlight what STON.fi has already achieved and to outline the direction in which the exchange is heading.
Introduction:
STON.fi is an AMM DEX built on the TON blockchain.
The TVL of STON.fi is $160 million, which accounts for 50% of the total TVL of the TON blockchain. In terms of monthly users, the exchange ranks 5th among all DEXs worldwide.
What Do We Have Now?
Token Swaps:
On STON.fi, you can swap tokens on the TON blockchain.
How to swap tokens on STON.fi?
Liquidity Pools:
On STON.fi, you can provide liquidity on the TON blockchain.
What are liquidity pools, and more details about pools on STON.fi?
How to provide liquidity on STON.fi?
Farming:
Farming is available on STON.fi, launched to increase liquidity in specific pools.
What is farming on STON.fi?
How to Farm on STON.fi?
Staking:
On STON.fi, you can stake STON tokens to gain voting rights in the DAO governance protocol (currently under development) and receive GEMSTON tokens (immediately).
What is staking on STON.fi, and how does the DAO governance protocol work on the DEX?
How to stake STON tokens on STON.fi?
STON.fi SDK:
The SDK allows easy integration of STON.fi features into your project.
Grant Program:
STON.fi offers financial assistance of up to $10,000 and technical support to promising TON projects.
In-Telegram Exchange:
The full functionality of STON.fi is available in a Telegram bot, meaning you can trade directly from the messenger.
Shelter42:
STON.fi, in collaboration with Rhizome, launched a Telegram game where you solve the mystery of what happened at Shelter 42 by asking the neural network questions that can only be answered with “yes” or “no.”
Smart Contracts v2:
STON.fi has updated its smart contracts, making them meet all the requirements of modern decentralized trading.
The Future of STON.fi
OMNISTON:
OMNISTON is a protocol developed by STON.fi to unify all liquidity in the TON ecosystem, including both DEX and CEX liquidity. The Request for Quote system used in OMNISTON will ensure transactions are executed under the best conditions, and exchange rate fixation at the moment of the deal will eliminate slippage!
This protocol has already been developed and is now at the application integration stage. Anyone can connect their service to the protocol via the STON.fi SDK.
New Types of Liquidity Pools:
STON.fi plans to add unique types of liquidity pools: Weighted, StableSwap, and WStableSwap.
New types of liquidity pools on STON.fi
Unified Transactions:
STON.fi plans to introduce unified transactions. For example, you will be able to provide liquidity and add it to farming in a single transaction, paying only one blockchain fee.
DAO Governance Protocol:
STON.fi plans to add DAO governance. Governance will be carried out via voting, and to become part of the DAO, you need to stake STON tokens.
This article explains how the DAO governance protocol will work on STON.fi.
Limit Orders:
The exchange plans to add limit orders. They will help users buy and sell tokens at better prices.
Margin Trading:
The exchange plans to add trading with leverage.
Gasless Swaps:
This feature will allow users to pay blockchain fees in any tokens.
Deflationary Tokenomics for STON:
A system is planned in which all fees will be converted into STON tokens, with a portion burned. This will reduce the total supply of STON tokens.
Review of STON tokenomics, which provides detailed information about this.
New Blockchains:
The exchange will add new blockchains. The whitepaper mentions TRON and POLYGON, but other blockchains are also planned.
Cross-Chain Swaps:
The exchange will implement cross-chain swaps. These swaps will work on an RFQ (Request for Quote) model using hashed time-locked contracts (HTLC). This approach minimizes user risk associated with security breaches and significantly speeds up transactions.
Cross-Chain SDK:
Any project will be able to easily add cross-chain swaps by integrating the STON.fi SDK.
Telegram Bot Cross-Chain:
The full functionality of STON.fi with cross-chain swaps will be available via the Telegram bot.
Conclusion:
The DEX exchange STON.fi has already achieved a lot, but this is just the tip of the iceberg! The most groundbreaking updates are still ahead!
And OMNISTON is coming very soon!
STON.fi social networks:
Twitter - @ston_fi Telegram - @stonfidex Reddit - r/STONFi
