Earning on stonfi.dex refers to generating income from various activities in the space. Stonfi.dex offers a variety of earning opportunities, including trading, staking, liquidity provision, and farming.
*staking
In ston_fi, you stake by locking up your ston token in a contract, which allows you to participate in protocol governance and receive rewards. @Ston_fi has also been doing amazing stats on the overview of the total STON stake of over 21 million, with a total supply of over 100 million.Â
How to stake ston in these easy stepsÂ
To begin, log on to ston.fi/staking and click on the 'stake STON' button, and next, connect your Ton wallet and get ready to stake. You get to see the overview and every piece of information you'll need before staking, such as current market pricing, total staked, supply, etc
NB: If you don't have STON don't worry; you can easily swap from TON to STON directly via ston.fi to proceed with staking.
Finally, you go to Expore STON Staking, where you select a new stake, input the amount of STON you want to stake, and also select the period of duration you want to lock, and you get to see your reward and DAO voting power.
Also note this: the reward and voting power are dependent on the duration you select. The longer the period, the higher the reward and power.
After the selection, cross-check your details, and then tap on the stake to complete.
*The benefits of staking with ston_fi
Stonfi rewards its users with many advantages and benefits after staking the STON token. The user gets to acquire DAO voting power with ARKENSTON and also receive GEMSTOM, which can be used to trade or hold on the market.
ARKENSTON:This is a governance token in the STON.FI DAO protocol that grants its holders the right to participate in making decisions on the DAO. Also, the ARKENSTON token is funded into the staker's wallet as a soul-bound NFT on TON blockchain, which is not transferable.
GEMSTON: This is another token you get directly to your wallet after staking STON, which can be traded with, held, and transferred.
Also note that there are many other benefits and possible airdrops when staking with STON; don't miss out on them. The higher your stake, the bigger your reward.
*Farming
Farming is a method of generating additional income by stacking liquidity pool tokens. It is all about maximising your yield.Â
Furthermore, as a STON.FI liquidity provider, you can farm to gain more tokens. Unlike staking, which involves blocking a particular type of token, farming requires staking of liquidity tokens. You can obtain these tokens by providing liquidity to the STON. FI DEX
Also, @ston_fi has also expanded and made history through farming
Farming is open to everyone.
Starting, you must already have a TON wallet, and if you don't, you can possibly get a Tonkeeper or Tonhub wallet. as explained above.Â
Following this example using USDT/TONÂ
Step 1
Proceed to ston.fi.dex, connect your created wallet, and approve permission from your wallet.
Step 2
After connecting your wallet, you then need to provide liquidity to the token you are about to farm, which is USDT/TON.Â
So if you have enough $TON or $STON you can easily swap directly on the ston_fi.dex at the menu, select swap, and proceed to swap to USDT. Make sure you have the same value of both tokens and get ready to provide liquidity.Â
Step 3
After swapping, proceed to add liquidity. Tap on the menu button and select 'pool.' You will see where it says add liquidity. Tap on it and scroll through the funded token, USDT/TON to add liquidity for it.Â
Add and approve transactions from your wallet as well.
Step 4
After providing liquidity, then still on the pool tab, find the token you provided liquidity for (USDT/TON), then tap on it.
Below it, you should be able to see the 'Fram' button, tap on it, and approve it from your wallet.
After completion and approval, you will be able to see and monitor your farm token on the 'my pool' tab and see growth and other details. As easy as that, and you will be qualified to earn rewards on the pool prize allocated to that particular pool, and you can claim whenever you wish and also remove your added liquidity when the farming date is over.
Stay tuned. I would recommend many pool tokens for farming and getting decent rewards over time on stonfi.dex. STAY DYORÂ
