XCG Crypto School lesson #2 ~ Staking with
STON.Fi
( Leading dex on @Ton Network )
Staking Basics :
Staking is a process in which a particular token is deposited into a smart contract and it does the process; the more you deposit the better rewards or benefits you receive!
Staking and Farming might seem similar but there are key differences.
In farming, LP tokens are staked and aim at maximizing the yield!
For STONfiers, staking $STON provides a wide range of benefits
Governance Participation :
$STON stakers gain the power to the extent of decision-making in the protocol!
Rewards :
Along with power, stakers are provided with staking rewards.
Access to STON.Fi DAO :
Stakers are provided with licence to participate in the decision-making process inside the STON DAO
Let's learn about two important tokens other than $STON in the STON ecosystem.
$ARKENSTON
It's a non-fungible and non-transferable token, is received in equal amounts to the amount of $STON staked, and can be burnt at the end of the staking period to get back $STON.
It's purpose is to represent the individual's voting power in the STON DAO
$GEMSTON
It's a fungible token and receives in the same way stakers get $ARKENSTON.
But it can be traded, transferred, or swapped.
It provides more flexibility!
STON.Fi official Links
Discord: https://discord.gg/bdmaGV6qUw
Twitter: https://twitter.com/ston_fi
Guides: https://guide.ston.fi/en/
Blog: https://blog.ston.fi
Telegram Channel: https://t.me/stonfidex
Telegram Chat: https://t.me/stonfichat
Reddit: https://reddit.com/r/STONFi/
Linkedin: https://linkedin.com/company/ston-fi/
Github: https://github.com/ston-fi
NFT Collection 1: https://bit.ly/3Klld4O
NFT Collection 2: https://bit.ly/3m4PxY2
Whitepaper: https://docs.ston.fi/docs/user-section/whitepaper