Main features of STONFi DEX
1️⃣ Staking:
Ston.fi allows users to stake their crypto assets and earn passive income in the form of staking rewards. By locking their tokens in the platform's staking pools, users can contribute to the network's security and acquire DAO voting power with ARKENSTON and also receive GEMSTON, a commitment token that can be sold or traded at any time. The staking process is simple and user-friendly, making it accessible to both experienced and novice users.
To do this you must follow the following steps:
✓ Have a wallet or create one to access the app. My recommendation is to use tonkeeper which is linked to all dapps in the TON ecosystem.
✓ Recharge it with STON tokens or directly buy TON with USD or EUR through the following payment methods without having to leave the application and then make a TON/STON trade.
✓ Go to the top of the page and clicking on the stake will take you to the next screen where you can place the amount and time you want to stake, which varies from 3 to 24 months. It should be noted that the longer the duration, the more voting power and the more GEMSTON you will receive.
2️⃣ Yield Farming:
In addition to staking, Ston.fi offers yield farming opportunities, allowing users to earn even higher returns on their crypto assets. Yield farming allows users to earn passive profits by lending or providing liquidity to STONFI. By providing your cryptocurrencies as liquidity in a pool, you can earn interest or receive rewards in the form of additional LP tokens. Ston.fi supports various liquidity pools, enabling users to choose the most profitable farming opportunities.
Benefits of yield farming at STON.FI
✓ High returns: Yield farming on a DEX can offer very attractive returns compared to other traditional investment options. This is due to the high demand for liquidity on DEXs and the additional incentives offered by DeFi projects.
✓ Flexibility and liquidity: Yield farming on a DEX offers flexibility and liquidity to users. You can deposit or withdraw your funds at any time, allowing you to take advantage of investment opportunities or respond to changes in the market quickly.
✓ Participation in promising DeFi projects: By participating in yield farming, users can contribute to the growth and development of DeFi projects and benefit from tokens of very promising projects that are continuously being launched in the TON ecosystem. By providing liquidity, you are helping to maintain the operation of STONFI and facilitate the exchange of tokens in the DeFi ecosystem.
In this tweet you can see an explanatory video on how to easily carry out the farming process step by step.
https://twitter.com/ston_fi/status/1677346932560199683?t=pMWMS0uC18IARNm127nT_Q&s=19
3️⃣ DAO Governance:
Ston.fi is a community-driven platform that gives users a voice in the decision-making process. ARKENSTON Token holders can participate in the platform’s governance by voting on proposals and shaping the future development of Ston.fi. This ensures a decentralized and inclusive ecosystem where all stakeholders have a say in the platform’s direction.
This is an example of the NFT they give you in your wallet after staking. It cannot be transferred and gives you voting power in future decisions about the future of ston.fi
4️⃣ Security:
Security is a top priority for Ston.fi, and the platform implements robust security measures to protect user funds and data. Smart contracts are audited by reputable third-party firms to ensure their integrity and eliminate any potential vulnerabilities.
Using the RFQ-protocol combined with HTLC smart contracts, leveraging the power of the innovative and powerful TON blockchain for speed and security, STON.fi offers a valuable and accessible solution that empowers users to manage their digital assets while maintaining full control.
In a nutshell, stonfi can be called a zero-trust cross chain DEX because it is based on the principles of Zero-trust and decentralization which is designed to provide robust security and absolute transparency when carrying out p2p transactions without the need for an authority. Furthermore, with the upcoming DAO governance model, the major decisions will be made by the users, which makes it even much more decentralized.
5️⃣ Easy to Use:
Ston.fi boasts a user-friendly interface that makes it easy for users to navigate and utilize the platform's features. The intuitive design and seamless user experience ensure that even beginners can quickly grasp the functionalities and start earning rewards. Ston.fi also provides comprehensive documentation and tutorials to assist users at every step of their journey.
For example, if you are a user who is only going to exchange one currency for another, you only have to follow these 5 simple steps:
✓ Connect your wallet to the app
✓ Select the trading pair
✓ Place the desired amount
✓ Verify the data, the commissions, and confirm the transaction
✓ Wait for the transaction to be processed and READY, it’s that EASY
6️⃣ Cross-Chain Compatibility, its main Value innovation:
Whether you are a novice user or an experienced one, at some point you will encounter certain obstacles when exchanging some of your tokens between different networks. It is a problem that has existed for a long time on the network, which does not have many interoperability mechanisms between blockchains. For this reason STONFI seeks to create an innovative solution to easily move our assets between different blockchains. The well-known atomic swap or the Request for Quote (RFQ)-based DeFi protocol with cross-chain swaps implemented via Hashed Timelock Contracts (HTLC).
This technology completely eliminates dependence on third parties, the need for second layers and minimizes the risk associated with the security or loss of your funds, while taking advantage of the great advantages of the already known ultra-fast TON network.
In conclusion, the mission that STON.Fi has in the current market is to make financial services easily accessible to all users, without the need to use external entities, and with very advanced security and technology mechanisms. At a time when many centralized exchanges have had million-dollar losses and many users have been affected by theft, using a DEX like ston.fi is a solution to this problem and that is why lately we have seen a change of focus and transition from CEXs to DEXs, where users are the absolute owners of their finances.
For More Detailed Information Visit the following sites
Website: https://ston.fi/
Web App: https://app.ston.fi/
Github: https://github.com/ston-fi/
Twitter: https://x.com/ston_fi?t=xRRxqJZmR1ihAM0miwPjhg&s=09
Telegram: https://t.me/stonfidex
Reddit: https://reddit.com/r/STONFi/
