During such a quiet time in crypto, various programs of staking, farming and liquidity provide are more relevant than ever. This is a stable source of income, in which, with the proper approach, there are practically no risks. However, sometimes it's not exactly profitable, and that's why in this mini-article I compared farming in liquidity pools on STON.fi and staking Telegram NFT-gifts on Tonnel. Both are on the
$TON blockchain, both are decentralized, but which is better?
I will compare them based on 5 main parameters: Convenience, Design, Interface, Opportunities, Security, Profitability, and then summarize.
Convenience
You can enter Tonnel only via
#Telegram , the application is realized as Telegram Mini-app (TMA), while STON.fi has its own site. Moreover, while using Tonnel, I had repeated problems with establishing a connection, and sometimes the application closed arbitrarily with the error āAw, Snap!ā. So I concluded that Tonnel most likely has the cheapest servers. With STON.fi there is no such problem.
Design
Speaking about STON.fi, I would like to thank the site designers for the intuitiveness of the interface, and nice design. This site is really pleasant to use. In the case of Tonnel, I would not say that there are significant problems, but the design and animations are clearly not very good due to the fact that TMA does not give developers so many opportunities.
Opportunities
On Tonnel not all gifts are available for farming in the GiFi tab, but only certain ones. In the case of STON.fi, there are a lot of liquidity pools and their number is quickly replenished with the listings of new projects: as soon as
#NotPixel was listed, a liquidity pool with farming appeared.
Security
Staking a gift on Tonnel is not a liquidity provide, and then there can't be Impermanent losses (IL) here. You stake the gift, claim the rewards and take your gift back, which you can sell at current prices. On STON.fi, like any DEX, IL happens here. This is when the difference between the prices of two tokens in the pool increases greatly, and you end up losing money. However, you can provide liquidity to the STON/USDT liquidity pool, where IL Offset applies. Another option is Stableswap pools (liquidity pools with two stablecoins), such as AquaUSD/USDT. Token prices are always the same here, because they are stablecoins, so there can be no IL.
Profitability
Comparing the maximum APR in one liquidity pool/gift is not quite objective, so let's compare the first 3 liquidity pools/gifts:
STON.fi:JRK/TON - 415% APRMRDN/TON - 150% APRTONG/TON - 98% APR
Tonnel: Berry Box: 155% APRToilet Club: 96% APRIon Gem: 45% APR
Conclusion
If you want to start farming in the TON network, it is better to do it on STON.fi, providing liquidity in pools with farming. Tonnel will be suitable only if you plan to hold those NFT-gifts that can be staked for a long time, because it is not possible to do it with all of them.