We have already figured out that STON.fi does not like pools and operates through RFQ. But here arises a logical question:
And who actually gives these magical quotes in RFQ? And why is the price so pleasant?
🤝 Market makers = chefs of quotes
Behind the scenes of STON.fi are special participants — market makers. These are the ones who see your request 'I want TON for USDT' — and instantly give you a price. If it suits you — the deal happens. If not — they won't be offended.
In DeFi, they are also called 'RFQ providers,' but essentially — they are professional traders or services that have liquidity and want to earn on the spread.
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🧮 How does it work?
When you press 'swap' — STON.fi does not go into the pool.
He sends a request to all market makers at once:
'There is a request for exchange. Whoever offers the best price — gets to the top.'
It's like a tender: whoever is cheaper — they are chosen.
Result:
✅ better rate than in public AMM
✅ without slippage
✅ fast
✅ and without 'oh no, everything is eaten'
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🧑💻 And how to become such a market maker?
Now that's more interesting.
STON.fi openly states: anyone with sufficient liquidity and technical knowledge can become an RFQ provider. But! This is not a button to 'Become a millionaire in 5 minutes.'
Required:
— be able to connect to the API
— have liquidity in TON
— quickly calculate quotes
— be ready to compete with others
And most importantly — trust and stability. STON does not let just anyone into this kitchen. But if you are decent — you are welcome.
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🤔 Why is this needed for STON itself?
Because STON.fi does not want to be 'another DEX on pennies.' They need a live market, not a stagnant pool like in AMM. When many participants compete for each deal — the user wins. And the ecosystem does too.
This is a win-win.
STON gets the best prices.
Market makers — profit.
User — DeFi without pain.
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🧠 Summary:
STON.fi made RFQ not just a feature, but an architectural core. And behind this core are market makers who provide quotes.
They are not bots, not pools, not demons from DEX. They are real players who want to win the competition.
And if you ever dreamed of not just clicking swap, but influencing the market — maybe it's time to look towards market making.
#STONfi #TONBlockchain #defi #MarketMaking #RFQ $TON $SOL $BNB