Impermanent loss (IL) used to be my biggest fear when it came to liquidity farming. Like many, I was excited by the idea of earning passive income through DeFi, but price volatility and IL often made the risks outweigh the rewards. That all changed when I discovered STON.fi, which introduced an Impermanent Loss Protection feature that completely transformed my approach.
Now, I farm confidently, knowing that my investments are safeguarded against the downside of price fluctuations. If you’re new to farming or hesitant about impermanent loss, here’s how to get started on STON.fi and take advantage of their innovative protection system.
How to Start Farming on STON.fi
Step 1: Connect Your Wallet
• Visit STON.fi.
• Click the Connect Wallet button in the top right corner.
• Choose your preferred wallet (e.g., Tonhub , Tonkeeper or my Tonwallet.
Step 2: Add Liquidity
• Navigate to the Liquidity tab on the platform.
• Select the STON/USDt V2 pair.
• Deposit an equal value of STON and USDt tokens to create LP (liquidity provider) tokens.
• Note: If you don’t already have STON tokens, you can swap other tokens for STON directly on the platform.
Step 3: Stake LP Tokens in the Pool
• Go to the Pools tab.
• Select the STON/USDt V2 farm.
• Click Stake and input the number of LP tokens you wish to stake.
Step 4: Monitor and Claim Rewards
• Once staked, your LP tokens will begin earning STON rewards immediately.
• You can monitor your earnings in real time and claim rewards at any time without locking up your LP tokens.
Step 5: Enjoy Impermanent Loss Protection
• To qualify for STON.fi’s Impermanent Loss Protection, ensure you keep your LP tokens staked for the required duration. This feature compensates you for any IL incurred during farming, making it a safer and more sustainable way to earn.
Why STON.fi is Ideal for Beginners
• No LP Token Lock-Up: You have the flexibility to unstake and withdraw at any time.
• Transparent Protection: Their IL protection system clearly outlines the compensation process.
• Simple Interface: The platform is intuitive, making it perfect for both beginners and experienced DeFi users.
Whether you’re just starting your DeFi journey or looking for a smarter way to farm, STON.fi’s approach to impermanent loss protection ensures you can earn confidently without worrying about market volatility.
🔗 Start Farming with STON.fi Today and take control of your DeFi rewards!