去中心化金融 (DeFi) 领域在解决一些关键挑战方面取得了长足进步，而 STON.fi 则走在了这一变革的前沿。凭借其最新功能“无常损失保护”，STON.fi 朝着为 TON 区块链上的流动性提供者创造更安全、更有利的环境迈出了重要一步。
以下是对这一突破性举措的深入探讨以及它对 DeFi 社区的意义。
理解无常损失
无常损失是 DeFi 中流动性提供者 (LP) 面临的一个常见问题。当流动性池中的代币价格与首次存入时相比发生变化时，就会发生这种情况。与简单地将代币放在钱包中相比，这些变化可能会导致潜在损失。

作为 DeFi 爱好者，我一直在寻找优先考虑用户安全和创新的平台。这就是为什么我对 Ston.fi 的公告感到兴奋：他们的无常损失保护 (ILP) 将延长至整个 2025 年 1 月！
如果您正在提供流动性或考虑进入 DeFi 农业，那么您一定不会错过这个功能。

这个 ILP 有何特别之处？

自 2025 年 1 月 1 日起，Ston.fi 将为参与 STON/USDT v2 池的用户提供延长的无常损失保护。具体操作如下：

您是否对 DeFi 的世界感到好奇，但又担心因无常损失 (IL) 而失去辛苦赚来的资产？我明白，我经历过。我早期涉足流动性挖矿时，跌宕起伏，动荡的市场将大有希望的机会变成了令人沮丧的损失。但当我发现 STON.fi 及其革命性的 IL 保护方法时，一切都改变了。

这是我的旅程，并附有一份适合初学者的指南来帮助您入门。
什么是无常损失？它为何重要？

在本文中，您将了解有关 Ponchiqs 项目及其代币 PONCH 的所有信息。
什么是 Ponchiqs ❓
Ponchiqs（Ponchiqs Studio）是一个在 TON 区块链上创建 WEB3 游戏的项目，范围从 Telegram 中的小程序到成熟的第三人称在线射击游戏。
Ponchiqs 项目 🚀
Ponchkick👆
Ponchkick 是 Telegram 中的一款小程序（Tap to Earn）。
这款游戏每月的玩家数量超过200万。
在分发了 8,000,000 PONCH 空投后，该游戏于 12 月 6 日停止运营。不过，创建了机器人 @PonchKick_bot，允许用户链接他们在 Ponchiqs Studio 游戏中的所有帐户，以便在一个地方跟踪进度和奖励。

你好，crypto 爱好者！
我非常兴奋地与大家分享一些惊人的消息！如果你熟悉一个出色的 DeFi 平台，基于 #TON 区块链，那么你将会很高兴。今天，我将向大家介绍 Omniston 协议，这对于加密交易者和流动性提供者来说是一个游戏规则的改变！
那么，Omniston 是什么？它是一个去中心化的流动性协议，连接交易者与市场制造商，确保最佳价格和最低滑点。以下是它的工作原理：
1. 你在 Omniston 平台上创建一个交换请求。

在深入了解STON.fi的无常损失保护扩展之前，让我们清楚理解无常损失（IL）。这是流动性提供者（LP）在DeFi协议中的一个关键概念。
无常损失发生在您提供流动性后，您存入流动池的代币价格波动。如果您只是将代币放在流动池外，其价值可能会变化，但不会是“无常的”。然而，在池中，存入代币之间的价格比例可能会发生变化，这可能导致您在提取流动性时遭受损失，特别是在高价格波动期间提取时。

当谈到流动性农业时，无常损失（IL）曾经是我最大的恐惧。和许多人一样，我对透过 DeFi 赚取被动收入的想法感到兴奋，但价格波动和 IL 往往使风险大于回报。当我发现 STON.fi 时，一切都改变了，它引入了永久损失保护功能，彻底改变了我的方法。

现在，我自信地耕种，知道我的投资受到了保护，免受价格波动的负面影响。如果您是农业新手或对无常损失犹豫不决，以下是如何开始使用 STON.fi 并利用其创新保护系统。

A game-changing initiative is here for liquidity providers on the TON Blockchain! We’re talking about a new feature that aims to cushion the blow from impermanent loss—what a fantastic addition to the DeFi landscape!
UNDERSTANDING IMPERMANENT LOSS: THE NITTY-GRITTY
Impermanent loss, simply put, is the reduction in the value of tokens when the price shifts from the time of deposit. That momentary disparity becomes a real loss when liquidity is withdrawn. The good news is that if prices return to their original levels, that loss can be erased!
WHAT IS IMPERMANENT LOSS PROTECTION?
For anyone not familiar, impermanent loss happens when the price of tokens in a liquidity pool fluctuates, potentially leading to a loss for liquidity providers. This new feature strives to reduce some of that risk, enhancing an already exciting liquidity provision experience.
Calculating Impermanent Loss
The calculation of impermanent loss depends on the degree of price divergence between the two tokens. If the price of one token increases relative to the other, the liquidity pool automatically rebalances the quantities of each token to maintain the constant product formula.
The formula for calculating impermanent loss (IL) in constant product pool is:
Where:
P0​ is the initial price ratio between the two tokens.
P1 is the new price ratio after divergence.
There are impermanent loss calculators which are special tools designed to estimate the potential losses a user might face when providing liquidity to a particular pool. These calculators consider various factors, including the initial prices of the assets, the composition of the pool, and changes in prices over time.
FACTORS AFFECTING IMPERMANENT LOSS
Several factors influence the extent of impermanent loss experienced by an LP:
Price Volatility: Higher volatility in the prices of the tokens within a pool leads to greater impermanent loss. Stablecoin pairs generally exhibit lower impermanent loss compared to more volatile assets.
Liquidity Position Duration: The longer an LP remains in a pool, the higher the probability of experiencing price divergence and, hence, impermanent loss. However, this can be offset by the fees earned over time.
Fee Structure: Fees earned from trades in the pool can mitigate or even outweigh impermanent loss. High-volume pools or those with lucrative fee structures can provide enough earnings to compensate for potential losses.
Type of Pool: AMMs employ various algorithms for liquidity and pricing management. For example, constant product formula can lead to significant impermanent loss in volatile markets. Pools with customizable weights, such as Weighted Pool, mean that the pool doesn’t have to hold a 50/50 ratio of assets. This can mitigate the effects of impermanent loss to some extent if properly set. Stablecoin pools such as StableSwap and Wstableswap can reduce the impermanent loss even further because they consist of stable assets with minimal price divergence.
STRATEGIES TO MITIGATE IMPERMANENT LOSS
Although impermanent loss is an inherent risk for LPs in DeFi, several strategies can help mitigate its impact:
Selecting Low-Volatility Pairs: Providing liquidity for pairs with low volatility (such as stablecoin-stablecoin pairs) reduces the likelihood of significant price divergence and minimizes impermanent loss.
Diversification Across Multiple Pools: Spreading liquidity across multiple pools can diversify the risk. By choosing pools with different risk profiles, LPs can balance potential losses from one pool with gains from another.
Pools with Higher Trading Fees: Participating in pools with higher trading volumes and fees can help compensate for impermanent loss. The fees earned from trading activity can offset the loss, especially in high-volume pools.
Active Liquidity Management: Active management of liquidity through market conditions monitoring and liquidity positions adjustment based on price movements or volatility trends can reduce exposure to impermanent loss. This strategy requires constant vigilance and a good understanding of market dynamics.
Providing Liquidity in Concentrated Ranges: Some AMMs, such as Uniswap v3, allow LPs to provide liquidity within specific price ranges and hence concentrate liquidity around the current price. This can increase capital efficiency and reduce exposure to impermanent loss in case the price remains within the selected range.
Mitigate Psychological Biases: To counteract these biases, DEXs can offer tools such as psychological nudges, clear educational content, and simulators that show potential scenarios of impermanent loss and recovery. Additionally, transparency about potential risks and rewards, along with dynamically updated analytics dashboards, can help LPs make decisions based on data rather than emotion.
HERE’S THE SCOOP ON THE LATEST PROTECTION OFFERING.
- Target Pool: Currently available only on the STON/USDT V2 pool.
- Offset Offer: Enjoy up to a 5.72% offset on impermanent loss—think of it as a safety net during price drops.
- Budget Cap: There’s a monthly limit of $10,000 set aside for offsets.
- User Limit: Up to $100 can be credited per user in STON tokens.
- Automatic Offsets: No need to file claims—automatic credits ensure ease of use.
- Timing Is Key: This protection kicks in when STON’s value dips during the set period from December 12 to December 31.

With this innovative protection mechanism, it’s now easier than ever to dive into liquidity provision. It’s a chance to elevate the DeFi experience while reaping the benefits of liquidity with added peace of mind.
READY TO AMPLIFY THAT DEFI EXPERIENCE
If providing liquidity is on the agenda, STON.fi makes it a compelling choice. Though it’s essential to remember that this program is discretionary, not a full insurance policy, and shouldn’t be expected to guarantee returns.
MY TAKE
In this constantly evolving DeFi realm, the Impermanent Loss Protection is a breath of fresh air. It empowers liquidity providers to engage more confidently, knowing there’s a safety net to catch them if market shifts occur. The ability to enjoy the benefits of liquidity while having a layer of protection truly a great achievement fot DeFi.
#STONfi

随着Ton区块链生态系统的发展，像STON.fi和Storm这样的去中心化交易所（DEX）已成为交易者和DeFi爱好者的重要工具。每个平台都开辟了独特的市场，提供不同的功能和优势。在这篇文章中，我们将比较STON.fi和Storm，帮助您做出明智的决定，以便选择最适合您的DEX。#stonfi #storm #binance #STONfi
1. 产品功能
STON.fi：
STON.fi因其多链能力而脱颖而出，使代币在多个区块链之间进行交换。它还提供质押、农业和流动性提供，成为一个全面的DeFi中心。