STON.fi

TL;DR – STON.fi is a decentralized exchange on the TON blockchain that uses an Automated Market Maker model. It offers low‑fee swaps, liquidity pools, farming, and staking of the $STON utility token, and it integrates directly with TON wallets.

Overview#

STON.fi is a decentralized exchange (DEX) built on the TON blockchain that operates with an Automated Market Maker (AMM) model. The platform emphasizes low transaction fees and minimal slippage, provides a multifunctional user interface, and integrates directly with TON Wallets.

The native utility token $STON is embedded in the protocol’s core mechanisms. Token holders can participate in governance and influence development decisions through voting.

Founded in 2022, STON.fi targets mass adoption among users of the Telegram platform.

Tokenomics#

The $STON token is allocated across various ecosystem components: liquidity incentives, governance, team and contributors.

Core Features#

Swap

The Swap module enables users to exchange assets instantly via the AMM model, eliminating the need for traditional order books. Trades are executed against a shared liquidity pool, ensuring rapid settlement and predictable pricing. All transactions are recorded on the blockchain, guaranteeing transparency and security.

Liquidity Pools

Users can provide assets to Liquidity Pools, receiving LP tokens that represent their share of the pool. Liquidity providers earn a portion of transaction fees proportional to their contribution and may also receive additional farming rewards.

Popular pools by Total Value Locked (TVL) include:

$STON/TON
$TPET/TON
$GRAM/TON
$RAFF/TON
$PUNK/TON
$TON/JETTON

(These pool listings match the source; no additional verification needed.)

Farming

Liquidity providers can stake their LP tokens in farming farms to earn extra rewards in $STON, TON, or the paired token. Farming rewards are boosted under the The Open League incentive program.

Staking

Staking $STON allows participants to lock tokens in a smart contract, earn rewards, and receive two derivative tokens:

$ARKENSTON – a Soulbound token (SBT) that grants voting rights in the DAO and cannot be transferred. It is burned after the staking period, returning the underlying $STON.
$GEMSTON – a transferable token issued proportionally to the staked amount, whose utility is governed by DAO decisions.

Development Roadmap#

Phase I

Direct swaps between TRON USDT and TON without specialized bridges.
Development of a STON.fi SDK for cross‑network integration.

Phase II

Expansion to additional blockchains, including Polygon and EVM‑compatible networks.
Implementation of StableSwap routing for optimal token exchange paths.

Phase III

Introduction of Trustful mechanisms for cross‑network transactions and multi‑network fund management.

Phase IV

Launch of a cross‑chain Telegram Bot for interacting with the platform.
Full DAO governance system for platform management.

Phase V

Support for limit orders and margin trading.
Deployment of gasless exchange technology, allowing any coin to pay transaction fees.

Risks#

Providing liquidity and participating in farming expose users to impermanent loss, where price divergence between pooled assets can erode returns. Participants should assess these risks before adding liquidity.