In the wild world of decentralized finance (DeFi), STON.fi has emerged as a prominent player on the
#TON blockchain, offering users the chance to engage in low-fee, low-slippage token swaps and liquidity provision.
As a regular DEX user of STONfi, I myself am a living testimony to what I can call "SUCCESS". There is a reason why I chose the platform out of so many out there and I'll be sharing with you the ALPHA on how I made more than $500 using the STONfi platform.
But before I dive into the details, you need to understand what STON.fi is.
STONfi is a decentralized automated market maker (AMM) built on the TON blockchain, which means it uses liquidity pools to facilitate token exchanges rather than traditional order books. The platform is known for its user-friendly interface and integration with TON wallets, providing virtually zero fees and minimal slippage.
Now let's get started with STONfi
âď¸ Wallet Setup: Ensure you have a wallet compatible with TON blockchain, such as
#Tonkeeper or
#Tonhub .
âď¸ Acquire TON: Buy TON tokens through exchanges or use Telegram's built-in wallet if you're already using Telegram for crypto transactions.
âď¸ Connect to STONfi: Navigate to the STONfi website, connect your wallet, and familiarize yourself with the interface.
A Quick Alpha on how you can make $500
1. Participate in Liquidity Pools: One of the primary ways to earn on
#STONfi is by providing liquidity to pools. Look for pools with good reward structures or those you believe will be popular. Remember, providing liquidity can come with risks like impermanent loss, but STONfi has mechanisms in place like impermanent loss protection.
You can start by providing liquidity to the STON/USDT V2 Pool
1. How to engage: Go to the "Pools" tab, select a pool (consider the STON/USDT pool for starters), and add equal amounts of both tokens to the pool to receive LP (Liquidity Provider) tokens. These LP tokens can then be staked or farmed for rewards. 1st journey to building $500
2. Farming for Rewards: Farming on STONfi involves staking your LP tokens to earn additional tokens. Farming can be more rewarding than just providing liquidity due to the extra incentives.
To do this: Navigate to the farming section, select the pool where you've provided liquidity, and stake your LP tokens. Farming might have different lock-up periods or immediate withdrawal options depending on the pool.
3. Participate in Airdrops and Campaigns
Airdrops: Keep an eye on STONfi's official channels for any airdrop events. Participating in these can sometimes yield free tokens, which might be part of your $500 goal if the tokens appreciate in value.
4. Community Activities: Engage in community tasks or campaigns that STONfi runs. These can range from social media tasks, content creation, to providing feedback, often rewarding participants with STON or other tokens. For example now, like the recent (NEW YEAR CONTEST ), the rewards where juicy, winners bagged a sum of 100 STON equivalent to $400 đ¤ plus an Anti-glitch 2 NFT which can appreciate in value as you'all know how NFTs works.
Imagine you did this and you won, your journey to $500 would be successful in no time.
I'll be unveiling more ALPHAS along the journey, all you need to do is turn on my notifications đ, and always do well to read my tweets/thread. You'll surely gain from it đ¤đź
Remember, in the DeFi space, patience, strategy, and a bit of luck can go a long way.
Website: STON.fi