Staking is the process of "freezing" cryptocurrency. A user places cryptocurrency in a smart contract for storage and receives special rewards in return.

Currently, 21 million STON tokens are staked on STON.fi.

Participate in DAO Governance👥

Staking  the STON token on STON.fi allows users to create and vote on proposals related to updates of the STON.fi protocol, adding new networks, fee models, and adding or removing assets. The DAO platform is currently in development.

When staking STON tokens, they are locked for a period of 3 to 24 months. After staking, ARKENSTON — a soul-bound NFT — is minted on the staker's wallet, granting the right to participate in the DAO. Additionally, rewards in the form of GEMSTON tokens are minted and immediately sent to the staker's wallet.

The voting power provided by ARKENSTON and the amount of GEMSTON tokens depend on the amount of STON staked and the duration of the lock-up period.
The staking contract allows users to restake already staked STON to extend the staking period. The voting power of ARKENSTON will be updated to match the new lock-up period. The user will also receive GEMSTON for extending the staking period.

1 STON staked for a 24-month lock-up period = 1 GEMSTON

What will you get for staking STON tokens💎?

  • ARKENSTON - a soulbound NFT that is permanently linked to your wallet. It cannot be sold or sent to another person. ARKENSTON will be used in the future as an entry ticket to the STON.fi DAO .

    Governance token holders can actively influence the direction and management of the protocol. Voting power is the amount of allocated ARKENSTON. In the user interface, voting power is expressed as a share of the total voting power.

  • GEMSTON - a token from the STON.fi token family. GEMSTON tokens are sent to the staker's wallet as fungible tokens on the TON blockchain and can be freely transferred, sold, or held at the staker's discretion.

    The supply of GEMSTON tokens is theoretically unlimited, and STON.fi DAO is interested in introducing various mechanisms that will continually remove GEMSTON from circulation and increase demand for these tokens.
    According to STON.fi, they deliberately do not provide a detailed description of possible use cases for GEMSTON tokens in order to engage the community in an open discussion about their utility.

How to stake STON📝?

1 Go to STON.fi.

2 Go to the Stake tab .

3. Enter the amount of STON tokens you want to stake.

4. Confirm the transaction in your wallet.

5. You will receive the ARKENSTON NFT and GEMSTON tokens in your wallet.

Now you know what staking is and how to start staking STON tokens on STON.fi yourself😀.

STON.fi social networks:

Twitter - @ston_fi Telegram - @stonfidex Reddit - r/STONFi

How to swap tokens on STON.fi

How to provide liquidity on STON.fi

How to farm on STON.fi

The tokenomics of STON.fi


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