STON.fi is one of the most popular AMM DEXs on the TON blockchain. Known for its virtually zero fees, low slippage, user-friendly interface, and seamless integration with TON wallets, it’s no wonder that many in the DeFi space consider it a top choice. If you're passionate about decentralized finance and looking to put your assets to work, farming on STON.fi is a great way to maximize your earnings. In this article, we'll walk you through a concise, step-by-step guide on how to farm on STON.fi.
WHAT IS FARMING ON STON.FI?
Farming on STON.fi involves providing liquidity to a specific pool and then staking your LP (liquidity provider) tokens to earn rewards. Essentially, you supply tokens to a liquidity pool, receive LP tokens in return, and then lock those LP tokens in a farming contract. This process not only earns you rewards but also contributes to the overall liquidity and health of the platform.
HOW TO GET STARTED: STEP-BY-STEP INSTRUCTIONS
Step 1: Access the Pools Tab
Navigate to STON.fi: Start by visiting the platform and clicking on the ‘Pools’ tab.
Filter for Farming Pools: Toggle on the “Farming available” option to display all pools that support farming. You can also use the search bar to quickly locate the pool for your desired token.
Step 2: Provide Liquidity
Add Liquidity: If you haven’t already provided liquidity, click the “Add Liquidity” button for the chosen pool. By doing so, you will supply your tokens to the pool and, in exchange, receive LP tokens.
Learn More: For more details on this process, refer to the “How to Add Liquidity” guide available on the platform.
Step 3: Start Farming
Initiate Farming: Once liquidity is added, the amount you contributed will be visible on the interface. Click on the “Farm” button to begin the farming process.
Stake Your LP Tokens: A popup will appear showing the available LP tokens for staking. You can choose to stake all or a portion of these tokens, then click “Farm” to lock them in.
Step 4: Confirm the Transaction
Final Confirmation: Confirm the transaction in your connected wallet. Once completed, your tokens are officially locked in the farming contract, and you’ll start earning rewards.
TIPS TO ENHANCE YOUR FARMING EXPERIENCE
Read the Tooltips: STON.fi’s interface provides useful tooltips that explain various aspects of farming. Make sure to read them to understand each detail.
Stay Updated: Join the platform’s Telegram groups or follow their social media channels to get the latest updates on farm-specific rules and reward structures.
Monitor Your Investment: While many pools allow you to withdraw at any time, some might have specific lock-up periods. Always check the pool details before making any decisions.
CONCLUSION
Farming on STON.fi is not only an effective way to earn rewards but also a fun and engaging way to participate in the DeFi ecosystem on the TON blockchain. By following this guide, you’ll be well on your way to maximizing your yields while contributing to a vibrant and liquid market. Happy farming, and may your returns be ever in your favor!
