GEMSQUADS VOTING
STON.fi is set to launch 10 new farming pools, providing users with opportunities to earn rewards by supplying liquidity. Here’s a comprehensive guide on how to participate, the voting process using GemSquads, and the value of Gemston tokens.
How to Participate in Farming Pools
Access the Platform: Navigate to the 'Pools' tab on STON.fi and enable "Farming available."
Add Liquidity: If you lack LP tokens, you must first add liquidity to your chosen pool. This process involves depositing tokens into the pool to receive LP tokens.
Start Farming: Once you have LP tokens, select the amount to stake and click 'Farm.' Rewards will be distributed based on your share in the pool, with larger stakes yielding greater rewards. The LP tokens may be locked for a specific period depending on the pool's rules.
Voting Process Using GemSquads
Voting within the STON.fi ecosystem is facilitated through ARKENSTON and GEMSTON tokens. When users stake STON tokens, they receive ARKENSTON, which grants governance rights in the STON.fi DAO. GEMSTON serves as an engagement token, allowing holders flexibility in trading or transferring while participating in community decisions about its future mechanics.
Value of GEMSTON Tokens
GEMSTON tokens are designed to reward active participation in the STON.fi protocol. They can be traded or transferred, with their future utility and mechanics determined by community governance through the DAO. This creates a dynamic environment where token holders can influence the development of GEMSTON and its role within the ecosystem.
By engaging in farming and governance, users of STON.fi not only earn rewards but also play a crucial role in shaping the platform’s future.
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